NAB (542 items)

NAB's Bank of New Zealand may have a buyer lined up for its NZ life insurance business, or so The Australian reports. read more

Federal Liberal MP Craig Kelly yesterday exposed a damaging and potentially explosive new issue for the National Australia Bank during Phil Chronican’s maiden appearance before the house economics committee. read more

While Phil Chronican yesterday moved swiftly to distance his company from the controversial observations of David Murray this week, not all of the NAB chief’s messaging would have been welcomed by ASIC. read more

Two of the country’s major bank CEOs have moved to distance their organisations from claims by AMP chairman David Murray that moves to re-regulate the local financial services market were returning the sector to the 1970s. read more

The Financial Review has the story on an alleged “girls' club” obstructing the careers of younger women in finance this morning, and it’s a corker. Graeme Samuel, the former ACCC boss and himself a leading product of an equally unsatisfactory “men’s club”, is the iconic name throwing this commentary around.Samuel’s remarks at an AFR summit in Sydney yesterday denigrating networked, high level, experienced women (many of whom are making an imprint in the challenging and male dominated arena of banking, especially on bank boards) look sexist.Commonwealth Bank and Suncorp are the best examples to begin to analyse his claims, for which he advanced slender evidence.Half of CBA’s ten directors are women, an industry first (for big banks), a milestone achieved at the beginning of the year. At Suncorp, four out of nine directors are women and Christine McLoughlin, the new Suncorp chair, is an ardent advocate of affirmative action. read more

Worldpay, the global online payments processor, is eyeing a large slice of the Australasian merchant acquiring market after announcing an expansion of its operations in Australia and New Zealand. read more

National Australia Bank’s interim CEO Phil Chronican is binning the company’s “controversial” introducer program that has triggered a string of fraud investigations into former staff of the bank. read more

NAB will be a rare industry voice supporting a A$5 million loan threshold to define a small business. read more

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