Australia must end property ‘obsession’ for prosperity, warns NAB CEO
The boss of one of Australia’s largest banks has warned the nation needs to rethink how it taxes capital and incentivises risk.
The boss of one of Australia’s largest banks has warned the nation needs to rethink how it taxes capital and incentivises risk.
The bank’s underpayments have affected 66,000 workers across the country and represent the biggest wage shortfall in the banking industry so far.
The bank first reported problems to the regulator in 2019, but did not fully fix them for another seven years.
The bank first reported problems to the regulator in 2019, but did not fully fix them for another seven years.
Phil Chronican will pass the baton in National Australia Bank’s boardroom in July, having taken over from Ken Henry when the royal commission dealt a blow.
Two weeks after unveiling massive job cuts, NAB has made it clear its braced for economic pain. Welcome to the banking sector’s first real credit cycle in more than a decade.
The country’s biggest business lender said household savings buffers remained strong but that arrears have deteriorated.
Australia’s largest business bank pointed to cost pressures posing a material risk to the economy.
The country’s biggest business lender said household savings buffers remained strong but that arrears have deteriorated.
Chief executive Andrew Irvine is expected to face questioning next week in parliament over the handling of the bank’s restructuring.
Shares set for a cautious start ahead of RBA, US midterm elections; Westpac reports $6.8 billion full-year profit; Binance hit with $5.1b outflows after returning to trade. Follow live here.
Corporate filings for the Global Innovation Centre show a 54 per cent increase in staff over just one year, spread across 20,000 square metres in three cities.
The latest National Australia Bank Limited [NAB] news, articles, data and analysis from The Australian Financial Review
The bank says there is no link between its redundancies and artificial intelligence. But we need more transparency about how roles are changing to know this for sure.
On the same day NAB told staff it would cut 2500 jobs, it was posting fresh jobs ads offshore.
Desperate to go to a gig but deterred by the cost? Here’s how to get your hands on a cheaper, legitimate ticket.
Desperate to go to a gig but deterred by the cost? Here’s how to get your hands on a cheaper, legitimate ticket.
The chooks discuss a couple of cracker corporate stories, preview the data that will make or break Melbourne Cup Day, and analyse an all-Elon merger.