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Latest news and insights on banking and finance in Australia and New Zealand, as delivered in the daily 7am Banking Day email news service (subscribe or take out a free trial).

NAB business banking leadership under threat
31 October 2014 7:12am
Acknowledging that its Australian business banking division's market-leading position is under threat, National Australia Bank has committed to investing in staff and process improvement in the division. » read more »
NAB results at a glance
31 October 2014 7:02am
National Australia Bank reported a net profit of A$5.3 billion for the 12 months to September – down 1.1 per cent on the previous corresponding period. Cash earnings of $5.2 billion were down 9.8 per cent.
» read more »
Thorburn to shrink NAB’s big bang tech revamp
31 October 2014 7:00am
NAB boss Andrew Thorburn yesterday sounded the death knell for banking’s billion dollar computing blitzes, instead signalling a more iterative approach to technology rollouts.

» read more »
Domestic business scab ails NAB
31 October 2014 6:59am
National Australia Bank’s domestic banking business exposed itself once more as the weakened patient at the heart of the bank’s operations. » read more »
NAB ready to turf out its dud performers
31 October 2014 6:58am
National Australia Bank CEO Andrew Thorburn finally articulated a theme, if not an actual strategy, for an “exit” from its clutch of legacy assets, of which Clydesdale Bank is the thorniest. » read more »
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31 October 2014 6:57am
eFinancialCareers is Australia’s only specialist job board for banking and finance professionals. » read more »
BNZ mulls a return to mortgage brokers
31 October 2014 6:57am
National Australia Bank's Bank of New Zealand is looking at a return to mortgage brokers after more than a decade of being the only major bank not using them. » read more »
NAB’s trouble in UK
31 October 2014 6:55am
NAB’s drawn-out strife in the UK pushed its charge for operational risks to a whopping A$1.54 billion last year. » read more »
Asian surprise for NAB
31 October 2014 6:55am
Despite spending virtually no time on the topic at yesterday’s investor briefing, NAB’s management may yet have a favourable story to tell about its still small operation in Asia.

» read more »
Banks look to young savers
31 October 2014 6:54am
There are 1.8 million young Australians, aged between 6 and 13, speaking for an estimated $653 million in personal savings, according to a Roy Morgan survey.  The results were based on around 2,800 interviews with children in the 12 months to June 2014. » read more »
Claims on big bank capital dismissed
31 October 2014 6:53am
The Customer Owned Banking Association has dismissed suggestions by Australia’s largest banks that their capital holdings are at their highest point. » read more »
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