News Articles for National Australia Bank

WA a “clear outperformer” in anticipated housing price growth and the state with the highest sentiment among property industry professionals, a NAB survey shows.

WA house prices may escape a predicted slide due to several factors, include the state's acute labour shortage.

Bankwest has told staff it plans a major shift in strategy, with its entire business banking operation to be shifted to parent company Commonwealth Bank.

NAB chairman Philip Chronican has assured investors he is yet to learn of any fines from a financial crimes regulator investigating money laundering.

A booming NAB profit could not inspire investors to raise an Australian market which failed to follow the lead of its record high US peers.

National Australia Bank has posted a nearly 80 per cent rise in full-year earnings thanks to gains in the home loans market and a steady performance at its business banking unit.

Business confidence has surged on the hope that roadmaps out of COVID-19 lockdowns will allow economic activity to rebound in coming months.

Australia's big four banks have been quick to jump on board an expanded federal loan scheme to help steer small businesses through the spate of coronavirus lockdowns.

National Australia Bank is buying Citigroup's consumer business and the two are devising new buy now, pay later products.

National Australia Bank has revised its forecast for house price growth in 2021, elevating its predictions for every capital city other than Perth.

Australia Post has entered new agreements with both the Commonwealth Bank and NAB, which will offer banking services in post offices for the next decade.

Investment group Macquarie has reported a 10 per cent rise in full-year profit, helped by its markets trading.

NAB has recorded a 94 per cent jump in first-half cash earnings to $3.3 billion, becoming the latest of the major banks to post a rebound in fortunes amid improving economic conditions.

ANZ has posted a sharp rebound in first-half profit and boosted its dividend, helped by a recovery among business customers and robust activity in the housing market.

Treasurer Josh Frydenberg says the surprising strength in Australia's labour market has justified ending the JobKeeper wage subsidy, despite calls for it to be extended.

The corporate watchdog says its investigations following the banking royal commission have so far resulted in $77.65 million in penalties.

The heads of Australia's two largest banks are more than happy to talk about how they are assisting customers who may still be suffering hardship after last year's recession.

Business conditions rose to a record high in March, while confidence remained above average despite a small dip, NAB's monthly survey shows.

Emergency Services personnel continue to provide support to those in the state's Mid-West after Tropical Cyclone Seroja cut power to properties and damaged homes.

National Australia Bank enjoyed a 47 per cent increase in cash earnings during its first quarter trading, helped by improving economic and health outcomes in Australia and New Zealand.

Business conditions have risen to their highest levels in two years, suggesting strong momentum in Australia's economic recovery.

The global economy could be enjoying a burst of strong expansion within six months.

Gaming group Crown Resorts has appointed a chief compliance and financial crimes officer, in the wake of a NSW inquiry into its fitness to hold a Sydney casino license.

The owner of real estate group Ray White has expanded its interest in financial services after announcing the purchase of NAB's mortgage aggregators.

Scott Morrison says confidence is returning and Australia is well on its way to recovery, but concedes life is still tough for many people.

NAB has reported a slump in full-year earnings due to the impact of the coronavirus pandemic on the economy.

The federal government and six major banks have established a fund that will invest equity capital in Australian small-to-medium businesses.

Incentives for businesses to invest and create jobs will be at the heart of the federal budget, a Morrison government minister says.

Wealth manager IOOF Holdings will acquire National Australia Bank's wealth business, MLC, for $1.44 billion to help save costs and expand its reach.

Investors believe National Australia Bank's seven per cent drop in third quarter cash profit was not as bad as feared, and have raised the bank's share price.

Home building approvals have fallen to an eight-year low in June, as the housing sector struggles to recover from the coronavirus pandemic.

Law firm Slater and Gordon is filing a class action against Commonwealth Bank, alleging that Australia's largest bank sold customers credit card and personal loan insurance that was worthless to them.

National Australia Bank has more than doubled the size of its share purchase plan offer after strong demand from its retail shareholders.

Retail spending in Western Australia increased by 9.9 per cent in March as consumers stockpiled food, home and office supplies, resulting in some retailers, including JB Hi-Fi, posting a strong quarter.

ANZ Banking Group will hold off paying shareholders an interim dividend as its first-half cash profit plunges 62 per cent on a $1 billion COVID-19 hit, and the prospect of more pain to come.

Westpac has announced it will take a $2.24 billion pre-tax first-half impairment charge, mostly because it expects some of its loan customers won't survive the coronavirus crisis.

National Australia Bank's first-half result will be rocked by a $1.14 billion triple hit of extra charges and writedowns even before coronavirus impacts are factored in.

The Australian share market has gained more than three per cent as its buoyant mood resumes following its best ever session.

SPECIAL REPORT: Several big businesses have stepped up to the plate during the current economic shock.

Australian shares have achieved back-to-back gains for the first time since the coronavirus crisis began, rallying in the final minutes of trade on reports that US politicians have reached a deal on a massive US stimulus deal to shore up the world's biggest economy.