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The Latest Breaking News from National Australia Bank

Australia risks losing its ‘corporate brain’ if more high-value jobs keep being sent offshore

This year, some of Australia’s biggest and best known companies – Telstra, National Australia Bank (NAB), Officeworks and Woolworths – have decided to cut jobs locally, while creating more overseas. Those will mainly be in India, the Philippines and Vietnam.

The Conversation

Big bank takes action as Middle East crisis rolls on

National Australia Bank has followed Westpac to apply new measures to head off the impact of the Middle East conflict on its balance sheet.

AAP

Aussie shares clinch third session of gains, NAB soars

The washout in precious metals does not appear over, with gold miners still under pressure and dragging on the raw materials sector.

AAP

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Australian banks passed interest rate hikes on to mortgage holders – so why haven’t they done so for savings accounts?

There’s an obvious reason for the delay. But the banks still need to compete on savings rates to finance their operations

The Guardian - AU

'Not ready': investors chop down deforestation action

National Australia Bank shareholders have rejected resolutions related to deforestation, but its chairman says he has concerns about the practice.

AAP

'Sad': bank boss blasts Australia's energy transition

The boss of one of Australia's biggest banks has excoriated the debate around net zero, saying power bills could be heavily reduced if renewables are harnessed.

AAP

ANZ shares sell-off after flat cash profit of $3.6b

Investors have hit sell on ANZ shares after the big four bank posted a cash profit less than what the market hoped to see.

AAP

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NAB's $3.6b earnings top expectations but risks remain

National Australia Bank has reported a slight rise in interim earnings and says it's in good shape despite the economic threat posed by US tariffs.

AAP

NAB sued for failing customers in financial hardship

Customers facing issues such as domestic violence and serious medical conditions were let down by NAB in their requests for support, a lawsuit alleges.

AAP

NAB boss flags trade war risk as annual profit dips

National Australia Bank boss Andrew Irvine is worried about the risk of a trade war between the US and China, and its implications for the Australian economy.

AAP

'Fragile' fraudster tries to delay inevitable jail-time

Three people caught trying to cheat National Australia Bank out of $21 million want to stay out of jail for a few more months ahead of their sentencing.

AAP

Australia’s biggest companies made nearly $100bn in ‘crisis profits’ amid Covid and Ukraine war

Oxfam analysis finds Woolworths, Hancock Prospecting and NAB among companies to rake in much higher profits off the back of crisis conditions

The Guardian - AU

Trio on trial accused of $21m fraud plot against NAB

Two men and a woman allegedly formed a multimillion dollar fraudulent scheme against National Australia Bank and other firms using fake vouchers and guarantees.

AAP

Alice’s adventures in banking wonderland: how an ambitious finance start-up didn’t change the world

Stuart Kells is in some senses an Antipodean version of American journalist and historian Michael Lewis. Kells has chronicled the antics of corporate players, such as publishers Penguin Random House, diamond miners Argyle, and financial market traders in the water of the Murray-Darling Basin. This new book is published by…

The Conversation

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AAP

Australian Swifties spend $300m on Taylor's Eras Tour

Taylor Swift's run of Australian concerts has lifted spending by about $300 million, according to figures generated by National Australia Bank.

AAP

Union hopes for reset with incoming NAB chief executive

National Australia Bank has announced that Andrew Irvine will replace Ross McEwan as its chief executive, effective in April.

AAP

NAB chair defends bank's climate pledges at fiery talks

Shareholders have grilled NAB's chairman over the banking giant's commitment to climate change at a heated annual general meeting.

AAP

Tiwi Islanders call on NAB to stop investing in Santos

Tiwi Islanders want National Australia Bank to stop funding gas company Santos, which is trying to build the Barossa project off the NT coast.

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AAP

NAB customers cut spending, interest rate peak in sight

National Australia Bank has been looking at how its business and personal customers are dealing with rising interest rates, and the news isn't too bad.

The Guardian - AU

The office returns: are the days of Australians working from home numbered?

Working remotely during the pandemic disrupted a centuries-old agreement between employers and employees. What now for WFH?

The Guardian - AU

NAB defends branch closures, says most customers use phone or online services

National Australia Bank stands in stark contrast to its peers, which put regional branch closures on hold in the wake of an inquiry

Zenger

National Australia Bank Restricts Payments To High-Risk Crypto Exchanges

NAB joins other major Australian banks in curbing access to digital asset platforms amid rising concerns over scams.

Newsroom.co.nz

Michael Wood resigns as a minister after further revelations

The suspended Transport Minister's family trust holds shares in Chorus, Spark and the National Australia Bank.

ABC News

Australia to flirt with recession this year, warns NAB

Economists are warning Australia is at a heightened risk of recession in 2023 as the Reserve Bank keeps aggressively raising interest rates, with a per capita recession looking likely.

AAP

NAB calls for united front to combat 'spoofing' scams

The National Australia Bank has revealed a 50 per cent drop in "spoofing" as it calls for a more co-ordinated Australian front against scammers.

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