NAB's full-year profit has dropped 14.2 per cent to $5.7 billion after the lender booked more than $1.1 billion in restructuring costs and customer remediation.
Atlas Iron has announced a raft of board changes, including the appointment of former state government tourism boss Stephen Wood and National Australia Bank executive Spiro Pappas.
National Australia Bank has cut executive bonuses as it continues its attempt to regain consumer trust amid the fallout of the Financial Services Royal Commission.
National Australia Bank has tasked former NSW Premier Mike Baird with leading its retail unit after consumer boss Andrew Hagger decided to leave the bank following his mauling at the financial services royal commission.
Australia's corporate watchdog filed a lawsuit on Thursday against superannuation funds run by the wealth management unit of National Australia Bank, accusing them of charging fees to hundreds of thousands of retirees for services the were not provided.
National Australia Bank is spinning-off its financial advice and superannuation businesses in a move it says has nothing to do with the "shameful" industry scandals heard by the royal commission.
Three of Australia's big four banks have begun rolling out their new $1 billion payment system that allows customers to transfer funds between rival institutions in near real-time.
National Australia Bank's cash earnings have slipped 1 per cent as expenses have risen partly due to the lender's increased spend on infrastructure and job cuts.
Financial advisers at the big banks have been found to be biased towards their employer's products, which in some cases has left their customers worse off.
National Australia Bank says it will stop lending for new thermal coal mining projects, becoming the first major Australian bank to phase out support for the sector.
West Perth-based Gascoyne Resources has secured a $60 million debt facility with two major Australian banks as it aims for its Dalgaranga gold project to be in production in mid-2018.
Treasurer Ben Wyatt has kept open the possibility of a bank tax in Western Australia, after South Australian Premier Jay Weatherill today quietly dropped his state's planned tax on the five biggest financial institutions.
US-focused Alexium International Group has announced the appointment of two Australian non-executive directors, Claire Poll and Susan Thomas, while chairman Gavin Rezos will be retiring as of May 2018.
The Australian market has opened lower, with most sectors in the red following a flat US lead, but local shares remain above the psychologically important 6,000 point mark.
The Australian share market is trading solidly higher at lunchtime, with upbeat overnight sentiment lifting the local markets to near 10-year highs and the S&P/ASX200 to twice breach the key 6,
National Australia Bank chief executive Andrew Thorburn insists the bank lifted interest-only mortgage rates to meet regulatory requirements, not to make more money.
Gascoyne Resources has mandated two of Australia's largest banks to arrange a $60 million debt facility for the development of its Dalgaranga gold project in the Murchison region.
ANALYSIS: Positive news on employment and among some key commodities appears to mark a positive trend for the state's economy, and Business News' BN30 stock index backs that up.
Australia's biggest banks will have to find billions of dollars of extra cash by 2020, but the new requirement does not look like being much of a problem for them.
Aquacuture firm Atlas Pearls and Perfumes has locked in two debt facility agreements for a total of $3 million, one of which is with its director, Tim Martin.
OPINION: Those among us who are unfamiliar with the term ‘collateral damage' are about to learn its meaning first hand, because it is what we have become – innocent victims of bad governance across Australia.
The ASX closed 47 points lower after shares in Australia's big four banks were hit by a long-term credit ratings cut by Moody's, due to risks associated with the local housing market.
