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.
A landmark ruling underlines how Macquarie Group,better known for investment banking,is making a serious play in the less racy retail banking sector.
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.
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.
National Australia Bank chief executive Ross McEwan said rate hikes were slowing the economy as intended but that there could be one more next year.
The time between submitting an application and putting a shovel in the ground should be three to six months,not the three to six years it can take,NAB’s chief executive says.
Amnesty International’s Australian operation looks to be spending more time on internal fights than human rights.
NAB chief executive Ross McEwan says interest rates have probably peaked and that Australia is set to avoid a recession even as the economy slows.
NAB shares have done pretty well compared with most rivals,but it’s been the weakest of the big four banks since the start of this year.
As hype about artificial intelligence grips markets,bankers are looking at the benefits and costs of using the technology in their vast businesses.