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"The contribution to NAB group earnings and ROE is not expected to be material in the first year", the bank wrote in a media release yesterday announcing that it will take control of the private clien.. read more

Some sort of renovation of National Australia Bank's positioning in the retail banking market in Australia must be on the cards, with the bank planning to eliminate some penalty fees on some everyday.. read more

The superficial signs of a pick up in availability of loans for housing and the implications of that trend was one theme raised by Glenn Stevens, governor of the Reserve Bank of Australia, in a speech.. read more

Glenn Stevens used his Sydney speech yesterday to remind the Australian (and other) governments of the need to work out a timetable under which to reduce and remove the flurry of government guarantees.. read more

Asset quality took a turn for the worse at Bank of Queensland over the three months to May 2009. read more

Around 50 per cent of all deposits and around 10 per cent of all wholesale bank liabilities are covered by one of the two guarantees announced by the Australian government in October 2008. read more

The financial flap of September and October 2008 was a threat of sorts to the stability of the banking system in Australia, and the announcement on 12 October 2008 by the Australian government of a gu.. read more

National Australia Bank yesterday negotiated the sale of $2 billion in new shares to institutional investors in the bank's second major capital raising since the credit shock hit with force two years.. read more

The June 2009 quarter looks like it was rougher for National Australia Bank, and maybe other banks, than NAB (and maybe others) suggested when last briefing the market on their March 2009 results (and.. read more

PKF Corporate Advisory produced a slightly higher estimate on the value arising from the merger of MyState Financial, the largest credit union in Tasmania, with Tasmanian Perpetual Trustees. read more