NAB


British banking break-up provides options to NAB

The plan for the partial break-up of Britain’s two state-owned banking behemoths is public, providing a few investment options for NAB, writes Ian Rogers, editor of banking e-zine The Sheet.

ANZ out-gouges the NAB

Like the NAB, the ANZ has survived the financial crisis looking rudely health. Which is impressive, considering it suffered more damage from self-inflicted lending disasters than any of the Big Four.

NAB continues its billion dollar profit gouge

With such a strong result under its belt, you would have thought the NAB might have had the grace to mention the help from the federal government and Reserve Bank.

NAB sees blue skies ahead

The NAB’s quarterly business survey shows improvements in confidence, expectations and conditions ahead of tomorrow’s important consumer inflation figures.

Australian banks in a league of their own

Australian banks shouldn’t be too aggrieved by the changes to global banking rules that have been drafted this week in the Swiss city of Basle.

Carving out another notch on the recovery belt

All the negative talk of the economic slowdown has been temporarily silenced by another sharp improvement in business confidence, according to the latest NAB business survey.

Tips and rumours: Tips and rumours: Politicians singing gospel?

Which politician has allegedly produced a CD of gospel songs, and where can we get a copy? Also, what got Press Gallery journos and political staffers ‘frothing at the mouth’?

The Dyer Index: Black is back for GDP

Business conditions are looking up with business confidence bouncing back to nearly its long term average, the latest NAB survey finds.

The Big Four banks are guilty of corporate crimes

The NAB fee backdown is small consolation to bank customers who have been victim to one of the greatest corporate thefts over the past decade.

Bank drops penalty fees. Nice start, long way to go.

Yesterday NAB announced it would no longer charge consumers penalty fees of $30, writes Gordon Renouf, director of Policy and Campaigns for CHOICE. Now, what about credit card fees?

Political snippets: Downer agrees with Rudd on China, health reform dependent on senate numbers

Health reform will be interesting since the ALP don’t have the numbers in the senate, NAB and their rate cutting, Downer endorsing Rudd’s handling of the Hu case in China.

NAB’s grubby $2 billion cash grab

The way shareholders got preferential treatment yesterday from the NAB, which wanted to raise $2 billion quickly, but then “stagged” most of the shares and took a free profit, was disgusting.

Morning Market Report: Wall St’s winning streak comes to an end

Wall Street broke its seven-day winning streak, and closing down 34, while the market closed down 11.

Morning Market Report: A busy day for company news

A good day for both the local market and the Dow, up 24 and 67, respectively.

Business confidence on the up as NAB breaks ranks

Enjoy the return to the good times, because according to the NAB, conditions could very well turn down again later this year and into 2010.

Big Four weather the GFC — and then some

Australia’s banks have survived the global financial crisis because, quite simply, they didn’t need to take risks, says Ian Verrender. NAB’s $825 million purchase of parts of Aviva confirms their strength.

Tips and rumours: Silent redundancies at Fairfax?

Fairfax are again offering redundancies to selected journalists, says a tipster.

Morning Market Report: Market breaks even

A quiet start to week with the market up 0.3.

Another day, another big deal for a struggling bank

Never mind what the big banks say, watch what they do.

Banks — and AFR — do the ground work for a tax-free grab

The Australian Financial Review was quick to grab and endorse a much bigger grab for the public purse by the banks, led by Cameron Clyne of the NAB.

Business confidence back on the up and up

Business confidence is riding high thanks to a free-spending federal budget, booming growth, the stockmarket and commodity rally.

Rudd’s employee share scheme continues to be attacked

The Federal Government’s planned changes to employee share schemes continue to be attacked by business leaders, lobby groups and unions.

Morning Market Report: RIO up 4%

The Rio Tinto-Chinalco deal gets more press, while the market and the Dow are both down.

Big banks grow fatter at taxpayer expense

The Federal Government’s guarantee for Australian bank deposits and borrowings has done its work. It’s time to scrap it.

ANZ buries cash profit as banks spin the bad times

As the first half results from the NAB yesterday and the ANZ this morning show, spin and banking go hand in hand.