Bank branch closure inquiry wraps 17 April 2024 3:16AM Latest news Ian Rogers A bank branch (mainly NAB’s) closed in regional Australia every 5 days since a Senate inquiry into bank closures in regional Australia was announced early last year. read more
NAB overhauls home loan marketing strategy 17 April 2024 3:09AM Latest news John Kavanagh NAB has slashed its advertised home loan rates to bring them into line with the rates borrowers actually pay. read more
Briefs: NAB partners with CrowdStrike, Scotpac gets into payroll, Zip sheds customers, Suncorp hybri 17 April 2024 3:01AM Latest news John Kavanagh NAB has formed a partnership with cyber security company CrowdStrike and is offering its SME customers a year’s free access to the CrowdStrike Falcon Go service. read more
Deposit mix key to banks managing rate cuts 16 April 2024 4:59AM Latest news John Kavanagh Deposits are 'key differentiators of profitability' and banks’ ability to manage their deposit mix will be important to their earnings when rates start to fall. read more
NAB's new executive team 11 April 2024 6:29AM Latest news John Kavanagh NAB’s new chief executive Andrew Irvine has appointed Rachel Slade to take over running the bank’s biggest division, business and private banking. read more
APRA lets NAB off the leash 14 March 2024 2:58AM Latest news Ian Rogers APRA has removed the $500 million capital add-on it imposed on NAB in response to issues identified in the bank’s risk governance self-assessment. read more
Ross McEwan delivered high returns and a new 'reality gap' at NAB 08 February 2024 4:16AM Latest news George Lekakis Institutional investors will probably remember Ross McEwan’s stint at the helm of accident-prone NAB as a ‘turnaround story’, but some aspects of his legacy are unlikely to be fully measurable for sev.. read more
Profit slips for NAB's health payments arm 24 January 2024 5:14AM Latest news George Lekakis National Australia Bank appeared to consolidate its dominant position in Australia’s health payments market in 2023, but a blowout in management expenses crunched the profitability of its HICAPS busin.. read more
NAB restructures NZ wealth business 15 December 2023 4:51AM Latest news John Kavanagh NAB will restructure its wealth business in New Zealand, merging it with Jarden Wealth and Asset Management Holdings and introducing private equity firm Pacific Equity Partners as a third shareholder. read more
Plenti partners up with NAB 29 November 2023 6:19AM Latest news Ian Rogers Plenti and NAB have entered into a strategic partnership in which Plenti will provide ‘NAB powered by Plenti’ and its own-branded finance solutions to NAB’s personal banking customer base. read more
NAB, ANZ Worldline mull Visa plan to slash interchange fees for small retailers 16 November 2023 5:47AM Latest news George Lekakis Two of Australia’s major banks are considering whether to offer discounted interchange fees for small businesses under a special program currently being rolled out by Visa. read more
Margins hinder NAB 10 November 2023 6:00AM Latest news Ian Rogers Falling margins across most of its divisions dragged down NAB’s second half profit. read more
NAB results at a glance 10 November 2023 5:58AM Latest news John Kavanagh NAB reported net profit of A$7.4 billion for the 12 months to September – an increase of 7.6 per cent over the previous corresponding period. read more
Diners Club personal account business to close 03 November 2023 5:38AM Latest news John Kavanagh Diners Club International has notified customers in Australia that it will stop offering personal cards here at the end of January next year and that all personal accounts will close on 30 July next y.. read more
Does NAB's Ross McEwan really want to be the next ABA chair? 24 October 2023 5:14AM Latest news George Lekakis As Westpac chief Peter King prepares to vacate his role as chair of the Australian Banking Association, a question is looming as to whether NAB boss Ross McEwan is ready and willing to oversee the gov.. read more
Briefs: NAB's Mentis retires; CBA appoints head of small business banking; and more 06 October 2023 5:19AM Latest news Banking Day staff NAB chief digital, data and analytics officer Angela Mentis will retire next month, after 17 years at the bank. read more
Court slams NAB's 'moral dereliction' 25 September 2023 3:17AM Latest news John Kavanagh NAB will pay a $2.1 million fine for continuing to charge customers periodic payment fees when it knew it was overcharging. read more
NAB verifying Aussie customers from India 19 September 2023 5:14AM Latest news National Australia Bank is widening the range of business functions being handled at its overseas technology innovation centres to include more risk management functions in areas such as financial cri.. read more
Religious community wins extended injunction in test of BNZ human rights policy 11 September 2023 4:49AM Latest news Ian Rogers BNZ has been told it has to continue supplying banking services to a controversial Christian community, in a ruling by the New Zealand High Court late last week. read more
NAB finds support for slower payments 08 September 2023 5:23AM Latest news Ian Rogers NAB research shows consumers and businesses “are increasingly prepared to make trade-offs for greater protection from scams”. read more