NAB (534 items)

Interest rates on tens of thousands of existing white label home loans funded through National Australia Bank’s Advantedge subsidiary are set to rise. read more

NAB’s Phil Chronican yesterday promised the bank will “step up the pace” on remediating customers burnt by the fee for no service scandal. read more

Not one of the five big banks, plus AMP, scored a clean report card from ASIC in its update update on “fees-for-no-service failures”, the most damaging of recent banking scandals.ASIC “plans to take enforcement action against licensees that have engaged in misconduct.” read more

It took Phil Chronican less than a day as acting CEO to mend a relationship with one of NAB’s core stakeholders that had been failing for almost two years, and as he prepares to take on the role of chair one can already see he has the potential to repair NAB’s tortured corporate soul. read more

A second woman, identified in Sydney's Central Local Court as Rosemary Rogers, has been charged as part of an ongoing investigation into a multi-year, multi-million dollar fraud against National Australia Bank.These charges mirror those laid on Friday against Rogers' alleged co-conspirator, Helen Rosamond, director of Human Group, which has provided training services to NAB for a decade. read more

NAB is the first of the big banks to provide comprehensive data on mortgage contracts to credit reporting agencies, bringing the proportion of consumer credit accounts in the CCR system up to around 50 per cent. read more

As part of an ongoing investigation into a multi-million dollar fraud against National Australia Bank charges have been laid against the owner of a Sydney service provider involving more than 50 counts of bribery. read more

National Australia Bank is preparing to rein in its exposure to SMSF borrowers next month after alerting mortgage brokers to an aggressive tightening of eligibility criteria for loans to self-managed super clients.In a notification sent to brokers this week, the bank has advised it will no longer accept loan applications from SMSF clients with net superannuation assets of less than $5 million. read more

The ABA has “not yet reached a view” on changing the definition of small business.The Hayne royal commission recommended that the definition of small business in the industry code of practice be amended to cover any business employing fewer than 100 full-time equivalent employees, where the loan applied for is less than A$5 million. read more

National Australia Bank is facing a major industrial showdown with the Finance Sector Union over plans to slash customer service staff currently employed across the national branch network. read more

Financiers in the ASX100 will be the target of a new new tax proposed by the opposition Labor Party. read more