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The Latest Breaking News from NAB

More reports of bank scams targeting younger generations as teen loses life savings to spoofing

Aurora Casilli lost her life savings in a scam when hackers infiltrated an existing message thread with her bank. She warns others the process seemed legitimate.

ABC News

First Nations entrepreneurs are still fighting 'the white boys club', as major banks try to improve

Major banks and venture capital firms say they want to finance more Indigenous business as this sector grows at a rate higher than the economy, but those from within First Nations enterprise say the finance sector has a lot to improve.

ABC News

Bombers apologise to former CEO Thorburn

Essendon have apologised to former NAB boss Andrew Thorburn after he lasted just one day as Bombers chief executive due to his church role.

AAP

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Australia's 2023 economic outlook unclear

There are a range of unknowns hanging over Australia's economic fortunes in 2023 but most agree a recession is unlikely.

AAP

NAB forecasts rocky road to slow growth

Higher inflation, rising interest rates and slower growth are starting to impact businesses and consumers, NAB says.

AAP

NAB sees slower growth in 2023

NAB says higher inflation, rising interest rates and slower growth are starting to impact both businesses and consumers.

AAP

Watchdog legal action on Star casino execs

Current and former Star Entertainment directors and executives are facing millions of dollars in fines for alleged failures of director duties.

AAP

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Economy up 0.6 per cent in third quarter

Aggressive interest rate hikes have done little to slow growth in the September quarter, with the economy expanding by 0.6 per cent over the three months.

AAP

NAB fraudster to await sentence in jail

A Sydney woman who defrauded National Australia Bank out of millions of dollars will spend Christmas behind bars as she awaits a sentence hearing next year.

AAP

Australians spend billions on Black Friday. Now the pressure is on Australia Post to deliver

Australia's massive spending spree through recent sales means Australia Post will be under pressure to deliver gifts in time for the holidays.

The New Daily

ASX falls as share rally fades, economists bake in RBA interest rate rise on Tuesday

The ASX extends losses into the close, as investors take stock following yesterday's Jerome Powell-inspired share market surge and ahead of next week's Reserve Bank meeting.

ABC News

Dip in Australia’s inflation rate in October raises hopes price rises may have peaked

Headline CPI rate eases from 7.3% to 6.9%, lower than economists’ expectations, but fuel prices still rose as full excise rate returned

The Guardian - AU

NAB fraudster stays out of jail for now

Fraudster Helen Rosamond has been granted a short-term respite from jail after being found guilty of embezzling millions from the National Australia Bank.

AAP

Sydney executive guilty of huge NAB fraud

Sydney woman Helen Mary Rosamond will remain on bail after being found guilty over a multimillion-dollar NAB fraud.

AAP

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AAP

Sydney executive guilty over NAB fraud

A jury has found a Sydney event company director guilty on 69 counts of fraud which saw more than $14 million in kickbacks sent to a now jailed NAB staffer.

ABC News

The profit crisis is the inflation-driving pressure we don't talk about

Soaring corporate profits are being blamed for fuelling inflation, as figures show companies in Australia are enjoying sky-rocketing profits despite the pandemic.

The New Daily

Supply chain recovery threatened by high labour costs

Supply chain issues are falling down the list of concerns for Australian businesses although expensive labour is still driving up costs.

AAP

Labour costs threaten easing supply chains

The worst of the supply chain challenges have passed but labour costs, energy prices and China's strict COVID-19 policy continue to cause problems.

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ABC News

Bank profits jump but rising interest rates are a double-edged sword

Australia's big four banks raked in nearly $30 billion in profits over the 2022 financial year as people struggled with the cost of living. And higher interest rates will put more mortgage borrowers at risk.

AAP

NAB 'embarrassment a factor in fraud case'

It's an enormous assumption that leaders of a major bank were so unbelievably lax or grossly negligent they had no idea about a large fraud, a jury's been told.

ABC News

New data shows the economy is going to slow significantly over the coming two years

ABS and CommSec data shows there are already signs of a slowdown as average household spending goes up 15 per cent in the past five years.

AAP

NAB sees 20pct decline in house prices

National Australia Bank says that while some customers will face difficulties as rates rise, the at-risk cohort is just a tiny fraction of its loan book.

AAP

Demand strong, but biz confidence weakens

Australian firms are growing wary of an economic slowdown, but overall economic conditions remain robust, according to NAB's monthly business survey.

AAP

NAB blasted for incorrect customer fees

The Federal Court has found that National Australia Bank engaged in unconscionable conduct by overcharging customers in periodic payment fees for several years.

ABC News

What changes are banks making to interest rates?

A flurry of banks have passed on interest rate rises to borrowers after the Reserve Bank increased the cash rate by 0.25 percentage points on Tuesday.

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