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.
National Australia Bank
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.
Million workers double up on jobs
Nearly 950,000 Australians were holding down two or more jobs in March, representing a record 6.6 per cent of the workforce.
Mortgage pain: 150,000 homes to tip over $95bn cliff
Tens of thousands of homeowners on fixed rate mortgages are being hit by massive jumps in the mortgage repayments each month as their fixed rate terms expire.
Prestige listings hit the market
Veteran banker Drew Bradford and his wife Alison have listed their late 1800s Woollahra trophy home, as prestige listings hit the market ahead of the traditional spring surge.
Big four bank hikes rates twice in eight days
For the second week in a row, one major bank has announced it will hike interest rates for some unlucky customers.
One in 10 can’t pay their power bill
One in 10 Australian households are unable to pay a gas, water or electricity bill as the nation’s cost of living crisis worsens.
Olympic medal plunge: Grim forecast for Aussie gold hunters
Australia have been tipped to experience a big drop in gold medals, despite another top-10 Olympic finish looming. See the official predictions, and which Aussies are tipped to nab gold.
Ex-bank boss selling up in Vaucluse
The Vaucluse home of former NAB chief executive Cameron Clyne and his wife Melinda slipped on to the market on Friday.
Big bank’s grim house price prediction
Despite interest rates continuing to rise, house prices are expected spike further in 2023 and 2024, according to the National Australia Bank.
Shock find as cops nab alleged bikie
Video has captured the moment police pounced on an alleged Mongol bikie and arrested him during sweeping raids.
Original URL: https://www.theaustralian.com.au/topics/national-australia-bank/page/13