Small businesses impacted by the coronavirus crisis will be able to defer their loan repayments for six months under a plan put forward by the banking industry.
Concerns over COVID-19 have led to the cancellation or postponement of more events in the state, including Australia's largest annual mining conference Diggers & Dealers, along with the Anzac Day services. The virus has also led to more businesses changing their working arrangements.
The Australian share market has suffered yet another day of carnage, plunging again after US President Donald Trump suspended travel from Europe for a month to limit the coronavirus pandemic.
Australian small businesses will receive $3.9 billion of tax incentives and $6.7 billion of cash payments as part of a federal government stimulus announced today, while a major investor service has reiterated a small, but positive, growth forecast for the country.
The Australian stock market has suffered its worst single day loss in nearly a dozen years, as a brewing price war over oil added to the global tumult.
The Reserve Bank of Australia has cut the cash rate to a new record low of 0.5 per cent as it acts to soften the economic impact of the coronavirus, with Australia's "big four" banks each announcing they would pass on the rate cut in full.
The federal government has announced a $50 million emergency fund to address the loss of wildlife during the nation's bushfire season, as more Australian businesses have pledged millions in combined donations.
November's Black Friday sales fueled a better-than-expected monthly retail turnover, but economists are wary of how much of the 0.9 per cent increase would previously have been spent during December.
Andrew and Nicola Forrest's Minderoo Foundation has committed $70 million to Australia's bushfire response, far exceeding the contributions made by big companies across the country.
National Australia Bank has again flagged it fell short of its obligations on anti-money laundering and counter terrorism financing, but is yet to detail the scope of any potential wrongdoing
P&N Bank and Bendigo and Adelaide Bank are among 27 lenders, including just two of the big four banks, now eligible to offer mortgages under the federal government's first home loan deposit scheme, aimed at low and middle income earners.
National Australia Bank is looking to raise $1.4 billion through the issue of medium-term notes to help beef up its capital ahead of a regulatory deadline.
National Australia Bank has admitted it faces the prospect of further remediation and a huge fine for multiple possible breaches of counter terrorism and anti-money laundering laws.
Annual inflation inched higher to 1.7 per cent in the September quarter amid signs the lower Australian dollar is helping offset the impact of soft consumer demand.
Housing finance provider Australian Finance Group says lending for homes in the first quarter of the 2020 financial year in Western Australia has rebounded from record low levels to reach its highest figure since the end of the 2017 fiscal year.
National Australia Bank is set to cop a $1.18 billion hit in its full-year results including an extra $832 million in customer remediation costs related to dodgy insurance and the fees-for-no-service advice scandal.
National Australia Bank will introduce 163 new roles in its business banking division, which it says is part of an Australia-wide customer growth strategy, but the jobs will almost entirely go to the eastern states.
NAB chairman Ken Henry has survived a protest vote to secure re-election to the board of the ASX despite his reputational flogging at the royal commission.
National Australia Bank has tasked former Commonwealth Bank of Australia retail boss Ross McEwan with rebuilding the bank's battered reputation as its new chief executive and managing director.
National Australia Bank and ANZ Banking Group have both cut their savings rates again in the wake of the Reserve Bank of Australia's decision to reduce the interest rate to 1.0 per cent.
The big four banks will have longer than expected to raise extra capital to absorb potential losses after the prudential regulator amended its proposed framework for minimising the fallout from failed institutions.
National Australia Bank says it's putting its money where its mouth is by allocating $2 billion to boost high-growth tech companies over the next five years.
National Australia Bank has scrapped a contentious program under which people including gym instructors and hairdressers were paid commissions for loans they pitched to their customers.
NAB chief executive Andrew Thorburn and chairman Ken Henry are stepping down, becoming the highest-profile banking casualty of the financial services royal commission.
National Australia Bank chief executive Andrew Thorburn says he is "more determined than ever" to lead the bank despite strong criticism from Kenneth Hayne in his final royal commission report.
Western Australians are keen to buy new homes and investment properties, much moreso than in the rest of the country, but existing owners are unwilling to sell, a survey by National Australia Bank has found.
National Australia Bank is scrapping its overhauled executive pay structure in response to an overwhelming first strike in which more than 80 per cent of shareholders voted against it.
Australia's banking regulator wants to further lift banks' capital requirements in order to strengthen the financial system's ability to cope with shocks.
