News Articles for National Australia Bank

The Reserve Bank has held the cash rate at 3.6 per cent, ending 2025 on a pause as inflation proves stickier than expected.

Australia's central bank has held the cash rate steady at 3.6 per cent, amid an uptick in inflation readings and widely inline with market expectations.

The former Bankwest location is set to be turned into an art gallery.

National Australia Bank says issues with its payroll systems has resulted in some staff being incorrectly paid.

The financial crimes regulator has ended its enforceable undertaking against National Australia Bank for its shortcomings in anti-money laundering and counter-terrorism compliance.

National Australia Bank has been fined $751,200 by the Australian Competition and Crime Commission in relation to alleged breaches of consumer data right rules.

The Reserve Bank delivered a 25-basis-point cut as predicted, but analysts warn the window for further easing may be narrowing.

National Australia Bank boss Andrew Irvine says he is heartened by the company's performance in the first six months of FY25.

The Reserve Bank of Australia has cut the cash rate for the first time since November 2020, but governor Michele Bullock has warned the inflation fight isn't over.

The corporate watchdog has sued National Australia Bank, over allegations of failing hundreds of its customers who were facing financial hardship.

A leader on many global economic and wealth indicators, Australia is a laggard when it comes to bequeathing wealth to charity.

Australia's big four banks will face a parliamentary grilling this week, including questions over ANZ's alleged manipulation of the bond market.

Our weekly appointments wrap includes Emma Williamson, Rebecca Moore, Sallese McNeil, Lisa Jansen, Brendan Hurrell, Alan Myers, Monish Paul, Ross McEwan, Andrew Irvine, Niamh O'Connor, Gower He and Stephen Ross.

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

National Australia Bank expects the value of Western Australia's state output will grow at 0.6 per cent this financial year - significantly lower than predicted in the budget.

The official labour data has proved resilient but is expected to start responding to worsening domestic economic conditions later in the year.

Barramundi farm operator Marine Produce Australia has received help from a Tasmania-based company to continue trading after exhausting funds, including from NAB.

Shares in NAB were sold-off this morning after the bank reported a higher profit but failed to meet market expectations.

The national unemployment rate has stayed put at 3.5 per cent while Western Australia recorded a modest uptick in the number of people in work.

Around 40 per cent of Australians are struggling to make ends meet as the cost of living crisis stretches household budgets to their limit.

Employers are still offering big sums to entice in-demand workers but growth in advertised salaries is starting to wane.

Australian consumers are feeling a little more upbeat but the nation's weekly measure of consumer confidence is still deeply in negative territory.

Mark Pownall and Mark Beyer discuss radioactive capsules, Libby Mettam, Shane Love, property values, Westfield Booragoon expansion and Print Hall's new owner.

Home values are expected to fall across Australia, with the National Australia Bank expecting a 13 per cent drop in Perth's house prices this year.

Our weekly appointments wrap includes Simona Chady, Anna Reece, Iain Grandage, Dan McAulley, Donna Nelson, Sandra Eades, Mike Nelson, Paul Laybourne, Lance Malone and Mark Ritter.

Momentum is starting to slow down in the economy as the post-COVID rebound starts to fade.

Australian consumers have continued to favour Woolworths after the retail giant was reported as the nation's most valued brand at $16.2 billion.

Major resources companies have joined the Kimberley floods recovery effort by donating $3.8 million to the Lord Mayor's Distress Relief Fund Appeal.

NAB says higher inflation, rising interest rates and slower growth are starting to affect both businesses and consumers.

The eighth interest rate hike in a row has been met with indifference by consumers, with households likely banking on a pause at the next Reserve Bank meeting.

The cash rate has hit its highest level since December 2012, with a $500,000 home loan now costing $880 more per month than before the hikes started in May.

Big employers are adopting innovative approaches to staff recruitment and retention.

National Australia Bank has delivered an 8.3 per cent lift in annual earnings after a strong year and says it's well positioned for fiscal 2023.

The local share market is slightly higher this morning, with gains by the big banks outweighing losses by the mining and energy sectors.

The central bank has shifted gears and moderated its rate hikes, with some economists concerned this could prolong the rate hiking cycle.

The national unemployment rate is set to fall further to 3.8 per cent when new labour force figures are released on Thursday.

Moody's has warned that rising interest rates and living costs could make it harder for some borrowers to meet mortgage repayments, as major banks begin passing on rate rises to customers.

Economists expect figures will show business investment picked up further in the March quarter, providing a boost to growth in the upcoming national accounts.

Perth voted the preferred national capital to invest in property in the next 12 months.

National Australia Bank's first-half cash profit has risen 4.1 per cent and the lender has also lifted its interim dividend to 73 cents a share.