National Australia Bank Ltd.

National Australia Bank's second-half cash earnings will take a A$264 million ($188.13 million) hit from provisions for customer and payroll remediation and an impairment of assets, the country's third-largest lender said on Friday.

A measure of Australian business conditions rose in September to levels not seen since the coronavirus pandemic forced a nationwide lockdown, though overall levels were still the below long-run average, survey results showed on Monday.

UBS Global Wealth Management said it expects the British pound to weaken to $1.25 and domestic banking stocks to slump 15-20% if the UK fails to strike a trade deal with the European Union.

Australia's federal court has fined pension funds run by National Australia Bank A$57.5 million ($41.9 million) for charging fees with no service to thousands of retirees, the country's corporate watchdog said on Monday.

Australia's IOOF Holdings Ltd <IFL.AX> said it will buy National Australia Bank Ltd's <NAB.AX> financial advisory arm for A$1.4 billion ($1.1 billion), making it the country's biggest retail wealth management firm.

Wealth manager IOOF Holdings Ltd said on Monday it would acquire National Australia Bank Ltd's wealth management business for A$1.44 billion ($1.06 billion).

* Credit impairments surge, Q3 earnings fall 6% to A$1.55 bln

National Australia Bank Ltd reported a 6.1% drop in quarterly cash profit as it increased provisions to cover coronavirus-led loan losses, and said about 16% of home loan deferral customers the bank had contacted had started repayment.

National Australia Bank Ltd on Friday reported a 6.1% drop in third-quarter cash profit as it set aside more money to cover potential loan defaults brought on by the coronavirus crisis.

KKR & Co Inc <KKR.N> and Apollo Global Management Inc <APO.N> are among potential buyers which have conducted due diligence on National Australia Bank's <NAB.AX> wealth management unit, three sources familiar with matter told Reuters.

National Australia Bank, the country's third largest lender, on Monday named Canada-based banking executive Andrew Irvine to head its business & private banking division as the industry grapples with slowing revenues in a coronavirus-hit economy.

National Australia Bank (NAB) said some of the thousands of customers that have requested relief on loans due to the coronavirus pandemic would not be able to repay them, flagging it would not hesitate to deny any more lending.

National Australia Bank (NAB) said some of the thousands of customers that have requested relief on loans due to the coronavirus pandemic would not be able to repay them, flagging it would not hesitate to deny more assistance.

National Australia Bank said on Wednesday it would increase the size of its share sale by A$750 million ($499 million), adding more capital to its coffers as it weathers the coronavirus crisis.

National Australia Bank said on Wednesday it would increase the size of its share purchase plan offer by A$750 million ($498.60 million), adding more capital to its coffers as it weathers the coronavirus crisis.

Genworth Mortgage Insurance Australia Ltd :

* FEDERAL COURT APPROVES SETTLEMENT OF CLASS ACTION AGAINST NAB & MLC LTD IN RELATION TO CONSUMER CREDIT INSURANCE PRODUCTS

National Australia Bank Ltd <NAB.AX> asked investors for A$3.5 billion ($2.2 billion) and slashed its dividend to the lowest in almost three decades, as its first-half profit tumbled in part due to charges associated with the coronavirus pandemic.

National Australia Bank Ltd on Monday said it plans to raise up to A$3.5 billion and increase provisions to more than A$2 billion to guard against a hit from the coronavirus pandemic, and slashed its interim dividend by 64% to save cash.