National Australia Bank’s hands were tied when it wrote down massive debts last week, writes Glenn Dyer.
NAB
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.
Westpac’s mortgage games, NAB keen to join in
There’s something a little strange about Westpac’s move to slash commissions paid to mortgage brokers, writes Michael Pascoe.
Tips and rumours
I have just been informed from a VERY reliable source that the National Australia Bank is about to announce branch closures Australia-wide and outsource at least 100 jobs to India. Watch it happen! The pig industry is in the sh-t, excuse the pun, and we’re considering employing a lobbyist. Any suggestions? I know from talking […]
NAB insider leaks Crikey what the bank doesn’t want to hear
Morale in a company must be pretty shot when a group of whistleblowers email their complaints to Crikey after getting no response from the board. The company in question is the National Australia Bank.
Your Say: Daily Mail readers' feedback: Comments, corrections, clarifications, and c*ckups
The NAB has no connection to Homeside … GetUp!’s pulp mill campaign … pokies … housing affordability … gerrymander this Mr Mayne … apathy and unions … questions for the Libs … Alexander Downer, attack spaniel …
Deutsche bank discovers St George financials under threat
The Australian banks’ safe haven status is increasingly coming under pressure amidst what only can be described as ongoing freezing temperatures on global debt and credit markets. The latest victim could well be Australia’s fifth largest bank, St George, writes Rudi Filapek-Vandyck.
NAB rolls back fees and rolls CBA
The campaign against dubious bank penalty fees not only has legs, the legs are kicking goals. NAB today announced a sharp roll back of fees with the promise of further cuts in the new year.
NAB gets mixed report cards in the UK
National Australia Bank’s roadshow in England earlier this month, which was designed to impress the investment community with the progress the bank is making with its UK businesses, has left sell-side analysts with mixed feelings.
