National Australia Bank Ltd (NAB.BE)
17 Nov 2017
MELBOURNE National Australia Bank (NAB) said on Thursday it had fired 20 bankers and reprimanded dozens more for submitting home-loan applications that had inaccurate or incomplete customer information.
MELBOURNE, Nov 16 National Australia Bank (NAB) said on Thursday it had fired 20 bankers and reprimanded dozens more for submitting home-loan applications that had inaccurate or incomplete customer information.
SYDNEY, Nov 15 National Australia Bank has found weaknesses in systems that monitor customers as part of a programme to comply with money-laundering and counter-terrorist financing laws, and flagged further problems could be discovered.
(The following statement was released by the rating agency) SYDNEY, November 05 (Fitch) Fitch Ratings expects Australia's four major banks to face earnings pressure from higher impairment charges and lower revenue growth in their 2018 financial year, with cost control to remain an important focus. This follows the banks' solid results for the 2017 financial year, supported by robust net interest margins and strong asset quality. Australia and New Zealand Banking Group Limited (AA-/Stable), Commo
Nov 2 Australian shares closed marginally lower on Thursday as a rally in the materials sector due to a rise in metals prices was offset by losses in financial stocks after National Australia Bank (NAB) flagged restructuring charges.
* High restructuring costs prompt share price fall (Adds CEO comments, union response to cuts, fund manager quotes)
Nov 2 Australian shares were flat on Thursday as gains in the materials sector on an uptick in metal prices were counteracted by losses in financials as National Australia Bank's results revealed slipping margins.
* NAB improves margins after lifting interest rates (Adds broker and analyst quotes, share price reaction)
Nov 2 National Australia Bank (NAB) posted a 2.5 percent rise in annual cash profit on Thursday, helped by surging home loan volumes and higher business lending margins.
* Anthony Healy, current MD and CEO of bank of new zealand, appointed as chief customer officer - business and private banking