As Ken Henry yesterday scrambled to defend the ethical standing and competence of his board and senior executives, he also was given an opportunity by a shareholder to claim some high moral ground for bringing the Hayne Royal Commission into existence. read more
NAB (512 items)
Resistance stalks NAB and ANZ
NAB is by far the biggest bank in trouble today, and this sultry Wednesday two Aussie biggies face a mannered revolution by the rich and influential at their AGMs. read more
Shareholders set to lock horns with NAB board
Institutional shareholders are poised to strike down National Australia Bank’s remuneration report at what is expected to be a fiery annual meeting in Melbourne on Wednesday. read more
Briefs: Norman PERLer, Westpac and NAB may flip on ApplePay, Qantas ditches S&P, Beaumont back to NZ
The latest Commonwealth Bank issue is the parking lot for some of the cash of the estate of retail tycoon Ian Norman. read more
Banks woefully short on capital
Bank dividends will be cut – even suspended.The chronic shortfall in capital around banking, in Australia and New Zealand, the RBNZ have finally called this out.How much capital is enough? Find out at the RBNZ website. read more
No urgency over NAB ‘banking crisis’
Bounding along in the lead of “The Australian crisis” National Australia Bank has owned up to a litany of defects and an overload of corrective work around conduct and operational risk. read more
Cons and questions for NAB
APRA and NAB are the banking icons punch drunk as the repercussions of being hauled in front of the banking royal commission hit home. read more
Henry blunders on NAB BBSW admissions
“So far as I know, nobody has yet established that there has been any manipulation of interest rates in Australia,” NAB chair Ken Henry said - the biggest clanger yet at hearings of the banking royal commission. read more
APRA focused on NAB liquidity
Candour on NAB’s difficulties during and following the global financial crisis got an unexpected airing at yesterday’s hearings of the banking royal commission in Melbourne. read more
NAB drifts away from shareholders
“I’m not blaming shareholders”, Andrew Thorburn, managing director of National Australia Bank told the banking royal commission yesterday, but then went on to lecture them anyway. read more
FX, slow coached by NAB
NAB’s inability to fully remedy illegal conduct in the foreign exchange market was laid bare in Friday’s hearing of the royal commission into misconduct in banking. read more
