National Australia Bank
Which big bank is betting that rate cuts are imminent?
One of the big four banks in Australia has slashed its three-year fixed rate by a huge 60 basis points as it bets big on interest rates going down.
- by Nicole Pedersen-McKinnon
Latest
NAB shareholder takes bank to court in a bid to secure confidential papers
Diana Beere is fighting the bank in court to ensure it is true to its word on investing in coal mining before she passes her shares on to her descendants.
- by Millie Muroi
Worker shortage still a headache for firms: NAB’s new business boss
The newly minted boss of National Australia Bank’s flagship business bank, Rachel Slade, says local firms are still having trouble finding staff as they work their way out of softer economic conditions.
- by Millie Muroi
From mortgage checks to scam-busting: How your bank is using AI
Banking giants have plans for artificial intelligence that go much further than the often clunky chatbots used to answer customer queries.Â
- by Clancy Yeates
Exclusive
Australian cricket
Emerging cricketers hit for six by $2.5 million collapse of tour operator
The collapse of cricket tour specialist Calypso Destinations has left dozens of parents and coaches out of pocket and shattered emerging players’ dreams of a trip of a lifetime.
- by Chris Barrett
Banks not doing enough to help struggling borrowers, says ASIC
As the number of customers falling behind on their repayments rises, the watchdog says too many people in hardship are finding it hard to get help.
- by Clancy Yeates
Analysis
Network outage
Data deleted: UniSuper outage raises lockout fears
Members of one of the nation’s largest superannuation funds have regained access to their funds, but there are new questions about the Australia’s reliance on three US tech giants.
- by David Swan
NAB boss says most of its home loans are written at a discount
Chief executive Andrew Irvine reported a 13 per cent tumble in half-year profits, but said households were mostly proving resilient in the cost-of-living crisis.
- by Millie Muroi
Opinion
Competition
Competition kicks the stuffing out of NAB and Woolworths
This week’s results provide a reality check for those who argue that the highly concentrated banking and supermarkets sectors lack competition.
- by Elizabeth Knight
Banks expected to report more than $15b in half-year profits
Despite continued pressure on bank profit margins, analysts expect the big four to post relatively resilient earnings over the next two weeks.
- by Millie Muroi
Consumer stress finally starts to ease as shoppers cut their spending
Consumers have been struggling with high inflation, interest rates and tax for months – but there are signs the pressure on shoppers is moderating.
- by Shane Wright