The Federal Government’s guarantee for Australian bank deposits and borrowings has done its work. It’s time to scrap it.
NAB 
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.
SackWatch 8: we track the jobs carnage
Australia’s looming unemployment crisis continues to gather momentum with economists scrambling to re-adjust their jobless forecasts.
Morning Market Report: Swine flu sends healthcare, biotech and pharma stocks up; travel stock down
NAB’s half-year results weer a little below expectation, while the swine flu scare saw heath-related stock soar.
NAB’s recession-proof profit bonanza
The National Australia Bank has confirmed expectations that it is weathering the global recession with aplomb.
Bank DeathWatch: Fifty-six fatalities and counting
A total of 56 US banks have now failed since the global credit crisis and recession erupted in 2007.
Sackings multiply as recession bites hard
The slight improvement in business confidence in the latest National Australia Bank survey belies Qantas’s decision to slash its workforce.
SackWatch: The firings keep coming as job ads fall by 45%
Since Crikey published its sixth SackWatch update last week, the tips box has again been running rampant with fresh tales of shoulder-tapping in businesses across the nation, reports Andrew Crook.
NAB: Oz recession happening as we speak
The current quarter will see Australia slide into an official recession, according to the latest business survey from the National Australia Bank, writes Glenn Dyer.
The murky “truth” behind Satyam
The implications of the Satyam accounting fraud scandal have not been fully appreciated, writes Michael Feller.
Questions over NAB boss’ 130,000-share trade
The disposal of 130,000 NAB shares by the National Australia Bank’s CEO, Ahmed Fahour on November 3 has raised eyebrows, writes Adam Schwab.
NAB/Harvey Norman forecasts: nothing to pay until 2009
The NAB’s latest monthly survey takes a more pessimistic view of the economic outlook than either the RBA or Treasury, reports Glenn Dyer.
NAB raises capital as its bad debt exposure grows
The National Australia Bank has become the first Australian bank to raise new capital in the credit crunch, writes Glenn Dyer.
NAB, Harvey Norman see hardship in economic crystal ball
According to both NAB and Harvey Norman, 2009 will be a difficult year, but not a disastrous one, reports Glenn Dyer.
Briefly Business: Twiggy, EB&B, GDP vs QoL
ASIC vs Twiggy Forrest: understandable but pointless … Everest Babcock & Brown expert at losing money … While on the topic of Everest Babcock & Brown … Economists look to expand GDP to count ‘quality of life’.
Briefly Business: John Stewart, John McFarlane, Gerry Harvey
Stewart bids adieu, leaving his own “legacy issues” … What a difference a year makes … The looming property correction.
NAB sacks the Scotsman
NAB boss John Stewart might have been given the boot, but he hasn’t been frog-marched out the door writes Stephen Mayne.
Briefly Business: NAB, Scrabulous, 4WDs
NAB to get a new chief executive? … Hope of world trade deal dashed … China’s economic boom may be as good as Olympic gold … Facebook to Scrabulous: Game over … Newsflash: The SUV not dead after all.
How Merrills dragged NAB into an $830m writedown
National Australia Bank’s hands were tied when it wrote down massive debts last week, writes Glenn Dyer.
Bank shares dive again as Wayne Swan talks rubbish
The Australian banking cartel has taken some hits in recent times, but the alst few days have been more costly than usual, writes Crikey founder Stephen Mayne.
The relative decline of Melbourne’s two big banks
Melbourne has long surrendered the title of Australia’s financial capital to Sydney, but these are dark days for the southern capital, writes Stephen Mayne.
NAB announces $830 million bad debt provision
After announcing a significant bad debt provision this morning, the NAB has once again shown itself to be the most trouble-prone of all our financial groups, writes Glenn Dyer.
Briefly Business: ABC not ABC, petrol, new NAB loan
That’s ABC, not ABC … Some good news at the bowser, finally … No break fee and no discount from NAB … Where’s the public outrage on the US credit crisis?
Is there another banking merger on the horizon?
If Westpac is allowed to take over St George, there’s a chance of at least one more bank merger, writes
Corporate confidence stays in a hole. Phew.
Corporate confidence in the future of the economy has again fallen, according to the latest Business Confidence Survey from the NAB, reports Glenn Dyer.
