The $927m Aussie conquering Silicon Valley
After years of toughing it out and watching his Silicon Valley dream almost die, a little-known former Melbourne NAB analyst now leads one of the hottest start-ups in America.
National Australia Bank
NAB to pay ‘woefully insufficient’ $2m for overcharging customers
The judge labelled the maximum penalty available insufficient considering the severity of the offence and NAB’s repeat behaviour.
Banks warn against ‘enshrining old practices’
Major bank bosses facing a grilling over branch closures in rural Australia are warning against mandates in a changing world.
ASX down; Joyce’s $21.4m send off
Joyce faces a significantly reduced final pay packet. Qantas CEO Vanessa Hudson ‘has a lot of work to do’: Chalmers. Income lift boosts Sezzle. NAB warns against branch mandate. KMD drops on profit fall.
Next Gen Wallabies in crucial test to nab spots in team to tackle NZ
The Australian schools and under 18s coach said the looming Waratahs v Queensland Reds battle is so important it will determine places in the team to tackle New Zealand. New SQUAD
How Microsoft aims to ‘fundamentally change work’
The US software giant has an answer for Australia’s flatlining productivity: its AI Copilot. But at this stage access to the tech is invitation only.
Transfer tracker: Matilda enjoys the sweet taste of Victory
Matildas goalkeeper Lydia Williams is heading back to the A-Leagues to join Victory – keep up to date with all the latest contract moves here.
NAB to wind down Hong Kong operations
NAB says it will serve corporate and business clients from other regional branches, while Westpac has announced plans to ‘uplift’ its transactional banking.
Big bank’s surprise move for homeowners
One of Australia’s biggest banks has announced a shock move for its interest rates.
ASX rises, consumers hurting
Mining and health care gains offset energy and financial falls. Consumer confidence falls 1.5 per cent, but uptick in business conditions. Liontown dips after Gina Rinehart’s share raid.
Economy to worsen before it gets better: NAB boss
CEO Ross McEwan warns the economy will slow further in coming months, and sees ‘possibly one more move up’ in interest rates ‘at worst’.
Major bank to cut more than 200 jobs
One of Australia’s largest banks has sparked outrage over its announcement it will slash more than 200 jobs in a major overhaul.
ASX’s three-week low; Liontown speculation
Miners drive falls as BHP drops 5.2 per cent ex-dividend. Liontown soars. Rates-led slowdown over next few months: NAB boss. Inflation to remain volatile: Lowe. ART boss Bernard Reilly resigns.
Business confidence holding: NAB
Businesses are feeling more optimistic about the economic outlook than just a few months ago, as most believe the RBA is almost done hiking interest rates.
Inflation ‘hurt’ to continue, says NAB chief
People are cutting back on spending but NAB boss Ross McEwan does not see signs of ‘mortgage prisoners’ in the housing market.
ASX lifts on tech gains; Ramsay tumbles
NAB CEO Ross McEwan warns of ongoing inflation ‘hurt’. Woodside eyes $1bn windfall. Telix, Qantas gain. Ramsay dividend cut sparks sell-off.
NAB: Invest in clean energy or face export collapse
A report from NAB has found Australia faces a major economic upside if it invests early in clean generation and production technology.
Major bank posts huge profit
As Aussies battle spiking mortgage costs, one of the big four banks has reported a $1.9bn profit.
NAB in $1.5bn buyback as profit lifts
The bank’s third-quarter profit hit $1.9bn, but home lending growth slowed, and it booked more money to cover future loan losses.
ASX climbs on wages, RBA data; Lake top gainer
CSL, Pro Medicus, Cochlear lead health sector rally. AUD at US65c after lower quarterly wages growth. China reveals more economic weakness. NAB spikes on buyback. Seek tumbles.
Banking forum heats up as rich-lister goes off script
Monied Melbournian Berry Liberman treated NAB’s private wealth clients to quite a spectacle at a recent gathering, via a thinly veiled swipe at her hapless banking hosts.
Risks to directors who support voice without checking
A doyen of Australian company directors has warned companies that support the voice without checking the Uluru statement in full could trigger a challenge to their fiduciary duties.
Rate hike risk from wages flies under the radar
The chance of the RBA lifting the cash rate again may be higher than implied by financial markets after the NAB monthly business survey.
ASX ends up 0.4cp; CBA jumps, Suncorp falls
CBA rallies on dividend beat and $1bn buyback amid record profit. InvoCare board backs lower TPG bid. Suncorp falls on ‘disappointing’ update. Energy providers see strong turnover. Australia likely to avoid hard landing.
NAB survey results rekindle rates jitters
The RBA may next month consider the case for another interest rate rise on the back of NAB’s Monthly Business Survey which showed a worrying jump in labour costs and selling prices.
Westpac raises house price forecasts
Westpac has jumped on the bandwagon and is forecasting rising house prices for 2023 as the interest rate environment improves and demand outstrips supply.
McEwan banks on $2.1m Gold Coast pad
NAB chief executive Ross McEwan has bought a Gold Coast apartment as the glitter strip shines amid boomtime sale conditions.
High rates necessary to fight inflation: NAB
Australia will avoid a recession but the boss of National Australia Bank has warned the economy faces a rocky nine months before a recovery appears on the horizon.
Retail recession extended as costs bite
Retail trade volumes recorded their first year-on-year drop in over three decades, outside of the pandemic, confirming a consumer recession.
Cheeky ‘tradies’ TikTokking past security
Four young larrikins are gaining free entry to stadiums and cinemas with one simple trick.
Original URL: https://www.theaustralian.com.au/topics/national-australia-bank/page/10