Bank margins will continue to dwindle in the first half of this financial year,analysts say,as customers move their savings into higher-interest offerings.
The bosses of major banks have backed calls for federal elections to be held every four years instead of three to provide more certainty for business.
NAB’s outgoing chief executive Ross McEwan says Australia’s housing shortage could hamper economic growth and slow the inflow of migrants,as house prices continue to rise.
A new alert system from NAB has saved customers – including many desperate Swifties – a total of $80 million in potential scams.
The chairs of some of Australia’s biggest businesses have defended company profits.
Attorney-General Mark Dreyfus is this year expected to legislate changes to the decades-old Privacy Act,after a review by his department recommended 116 changes to better protect the personal information of Australians.
The earnings of the country’s second-largest bank fell by almost 17 per cent in the December quarter as it grappled with growing arrears in local home-lending and a slowing economy.
While the News Corp board will meet in Australia this month,the empire’s retired patriarch Rupert Murdoch is staying away.
Turning a basket case into a high-performing enterprise is a sure fire way to attract admirers. Inheriting a well-oiled corporate machine makes it harder to excel.
Ross McEwan will step down in April after nearly five years in the role and will be replaced by the bank’s head of business and private banking,Andrew Irvine.
Helen Rosamond used money defrauded from the National Australia Bank to fund a lavish lifestyle including furnishing her Potts Point terrace.