A Sydney businesswoman and a NAB bank insider defrauded the bank of millions to fund lifestyles of “stunning” opulence,a District Court Judge said.
A knee-jerk reaction to significantly reduce or end access to remote work,particularly hybrid work,would be a mistake.
NAB staff wages will rise by 17.5 per cent over four years under a deal that includes conditions such as cultural leave for Indigenous employees.
The bosses of ANZ Bank and NAB say they are yet to see a big lift financial stress among their mortgage customers,despite the worsening economy.
The Australian economy continues to grapple with sustained inflation across a range of categories,with food prices tracking at 8 per cent in the March quarter.
As more customers do their banking digitally,the country’s biggest bank will keep its regional branches open until at least the end of 2026.
Scams cost Australians $3 billion last year and one-third were delivered to victims by text message. National Australia Bank will announce it will stop the use of links in unexpected texts to customers.
Macquarie Group’s rapid growth in mortgages has slowed sharply,which could be a sign the investment giant is happy to sit out a period of fierce competition.
The reluctance to cut spending on areas such as travel and entertainment may be more than a bid to seek relief in times of financial pressure.
NAB’s easy escape from a big fine from the financial crime regulator raised eyebrows. A major fraud case casts doubt on whether the bank has changed its ways.
NAB’s head of personal banking Rachel Slade said households were yet to feel the full impact of rate rises but that they were making spending cuts and changes.