Australia’s largest business bank pointed to cost pressures posing a material risk to the economy.
National Australia Bank’s full-year cash profit fell sharply as the bank lifted charges for credit losses and pointed to cost pressures posing a material risk to the economy.
The largest lender to Australian businesses, NAB said that its cash profit of $6.14 billion for the year to September 30 was down 13.4 per cent, missing expectations by around $200 million.
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The bank first reported problems to the regulator in 2019, but did not fully fix them for another seven years.
JetBlue will give reporters a look at its new first class seats on Wednesday.
