National Australia Bank
NAB boss says most of its home loans are written at a discount
Chief executive Andrew Irvine reported a 13 per cent tumble in half-year profits, but said households were mostly proving resilient in the cost-of-living crisis.
- by Millie Muroi
Latest
Opinion
Competition
Competition kicks the stuffing out of NAB and Woolworths
This week’s results provide a reality check for those who argue that the highly concentrated banking and supermarkets sectors lack competition.
- by Elizabeth Knight
Banks expected to report more than $15b in half-year profits
Despite continued pressure on bank profit margins, analysts expect the big four to post relatively resilient earnings over the next two weeks.
- by Millie Muroi
Consumer stress finally starts to ease as shoppers cut their spending
Consumers have been struggling with high inflation, interest rates and tax for months – but there are signs the pressure on shoppers is moderating.
- by Shane Wright
Brisbane bank branch manager charged with fraud
A National Australia Bank employee who was in charge of one of Brisbane’s busiest branches has been accused of fraud.
- by Cloe Read
Bank profit margin crunch to continue as customers shift deposits
Bank margins will continue to dwindle in the first half of this financial year, analysts say, as customers move their savings into higher-interest offerings.
- by Millie Muroi
Bank chiefs back calls for longer election cycles
The bosses of major banks have backed calls for federal elections to be held every four years instead of three to provide more certainty for business.
- by Millie Muroi
NAB boss rings alarm on housing crisis
NAB’s outgoing chief executive Ross McEwan says Australia’s housing shortage could hamper economic growth and slow the inflow of migrants, as house prices continue to rise.
- by Millie Muroi
Analysis
Scams
$80 million in scams prevented as NAB rolls out new payment alerts
A new alert system from NAB has saved customers – including many desperate Swifties – a total of $80 million in potential scams.
- by John Collett
NAB and Woolworths chairs point to fierce competition amid gouging debate
The chairs of some of Australia’s biggest businesses have defended company profits.
- by Millie Muroi
Exclusive
Privacy
Balance the right to privacy with stamping out organised crime: NAB
Attorney-General Mark Dreyfus is this year expected to legislate changes to the decades-old Privacy Act, after a review by his department recommended 116 changes to better protect the personal information of Australians.
- by Sumeyya Ilanbey