NAB boss Ross McEwan has declared that interest rates are close to their peak,house prices have bottomed,and mortgaged households need a period of stability.
The former defence minister’s lobby shop has added the United Arab Emirates embassy to its growing client list,which requires registration with the foreign influence transparency scheme.
Australia’s big banks say more of their customers prefer online banking rather than visiting a branch,leading to a sharp decline in over-the-counter transactions.
The bank CEO has used the launch of the Salvation Army’s Red Shield Appeal to call out surging rents and high inflation on stressed customers.
Helen Rosamond’s multimillion-dollar fraud against the National Australia Bank to fund extravagant personal expenses became a “way of life”,a judge has heard.
For years,banks have pursued digital changes allowing people to move their money more quickly. Now NAB says more friction is needed.
First,smartphones were transformed into digital wallets,now technology giants and banks want to turn phones into devices that can receive payments as well.
The ACCC has found the big banks have reimbursed only 2 to 5 per cent of customer scam losses. They only stopped 13 per cent of scam payments.
Australian investors are bracing for the risk of deeper fallout from the second-biggest bank failure in US history.
The banks paid or offered $4.7 billion in compensation after a royal commission and ASIC found misconduct around financial advice.
Ross McEwan says the plan to raise the tax on super accounts holding more than $3 million is a move that “probably needed to be made”.