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The Latest Breaking News from National Australia Bank

NAB sued for failing customers in financial hardship

Customers facing issues such as domestic violence and serious medical conditions were let down by NAB in their requests for support, a lawsuit alleges.

AAP

NAB boss flags trade war risk as annual profit dips

National Australia Bank boss Andrew Irvine is worried about the risk of a trade war between the US and China, and its implications for the Australian economy.

AAP

'Fragile' fraudster tries to delay inevitable jail-time

Three people caught trying to cheat National Australia Bank out of $21 million want to stay out of jail for a few more months ahead of their sentencing.

AAP

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Australia’s biggest companies made nearly $100bn in ‘crisis profits’ amid Covid and Ukraine war

Oxfam analysis finds Woolworths, Hancock Prospecting and NAB among companies to rake in much higher profits off the back of crisis conditions

The Guardian - AU

Trio on trial accused of $21m fraud plot against NAB

Two men and a woman allegedly formed a multimillion dollar fraudulent scheme against National Australia Bank and other firms using fake vouchers and guarantees.

AAP

Alice’s adventures in banking wonderland: how an ambitious finance start-up didn’t change the world

Stuart Kells is in some senses an Antipodean version of American journalist and historian Michael Lewis. Kells has chronicled the antics of corporate players, such as publishers Penguin Random House, diamond miners Argyle, and financial market traders in the water of the Murray-Darling Basin. This new book is published by…

The Conversation

Australian Swifties spend $300m on Taylor's Eras Tour

Taylor Swift's run of Australian concerts has lifted spending by about $300 million, according to figures generated by National Australia Bank.

AAP

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Union hopes for reset with incoming NAB chief executive

National Australia Bank has announced that Andrew Irvine will replace Ross McEwan as its chief executive, effective in April.

AAP

NAB chair defends bank's climate pledges at fiery talks

Shareholders have grilled NAB's chairman over the banking giant's commitment to climate change at a heated annual general meeting.

AAP

Tiwi Islanders call on NAB to stop investing in Santos

Tiwi Islanders want National Australia Bank to stop funding gas company Santos, which is trying to build the Barossa project off the NT coast.

AAP

NAB customers cut spending, interest rate peak in sight

National Australia Bank has been looking at how its business and personal customers are dealing with rising interest rates, and the news isn't too bad.

AAP

The office returns: are the days of Australians working from home numbered?

Working remotely during the pandemic disrupted a centuries-old agreement between employers and employees. What now for WFH?

The Guardian - AU

NAB defends branch closures, says most customers use phone or online services

National Australia Bank stands in stark contrast to its peers, which put regional branch closures on hold in the wake of an inquiry

The Guardian - AU

National Australia Bank Restricts Payments To High-Risk Crypto Exchanges

NAB joins other major Australian banks in curbing access to digital asset platforms amid rising concerns over scams.

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Newsroom.co.nz

Michael Wood resigns as a minister after further revelations

The suspended Transport Minister's family trust holds shares in Chorus, Spark and the National Australia Bank.

ABC News

Australia to flirt with recession this year, warns NAB

Economists are warning Australia is at a heightened risk of recession in 2023 as the Reserve Bank keeps aggressively raising interest rates, with a per capita recession looking likely.

AAP

NAB calls for united front to combat 'spoofing' scams

The National Australia Bank has revealed a 50 per cent drop in "spoofing" as it calls for a more co-ordinated Australian front against scammers.

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.

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AAP

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.

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 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

No interest loans on the rise as pandemic and cost of living prices take their toll

When everything went wrong financially for Rosetta Ianchello, a scheme set up by charity Good Shepherd and the National Australia Bank helped her to manage her debt.

The Conversation

ANZ's takeover of Suncorp will reduce bank competition – but will that be enough to block it?

Australia has one of the world’s most concentrated banking sectors, with its four biggest banks – Commonwealth Bank, National Australia Bank, Westpac and ANZ – holding more than about three-quarters of the market.

AAP

Confidence drops among small business

Confidence and conditions dropped among small and medium-sized businesses during the March quarter, a National Australia Bank survey shows.

AAP

Star gambler's China bank card paid debt

An inquiry has heard that a Chinese-born property developer paid casino debts with bank cards that were used to disguise gambling expenses at The Star casino.

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