Two of Australia’s biggest banks have defended their decisions to close branches in regional areas in a parliamentary hearing.
Bank profits are surging to record highs thanks to the sharp rise in interest rates. But investors are debating how long the good times can last.
National Australia Bank’s first-quarter profits climbed by close to a fifth as revenue increased sharply thanks to higher interest rates.
Treasurer Jim Chalmers has urged banks to pass on this week’s interest rate rise to savings accounts,highlighting an inquiry from the competition watchdog.
A payment systems error at National Australian Bank has left customers at ING,Bank of Queensland,Tyro Payments and Commonwealth Bank of Australia without their pay in the middle of silly season.
The country’s biggest business bank says business loans for electric vehicles and plug-in hybrids have ballooned by 900 per cent since 2020,
National Australia Bank workers have knocked back the company’s pay proposal that included wage rises of between 3.5 per cent and 5 per cent.
Angry customers have flooded the social media pages of NAB’s digital offshoot with complaints about a lack of access to its banking platform during overseas travel,and poor customer service.
Sydney businesswoman Helen Rosamond has had her bail extended as the court seeks more information about her personal circumstances.
Helen Rosamond’s 40th birthday party in 2015 attracted some of the wealthiest revellers in Sydney. By Christmas 2017,her money-making scheme had come unstuck.
A jury found Helen Rosamond guilty of 90 charges relating to her role in defrauding the bank and paying kickbacks to a senior bank staffer.