Pay rises, redundancies eat into NAB profit
National Australia Bank's first-quarter profit slipped 1 per cent to $1.6 billion, as earnings were dampened by higher expenses growth caused by staff pay rises.
National Australia Bank's first-quarter profit slipped 1 per cent to $1.6 billion, as earnings were dampened by higher expenses growth caused by staff pay rises.
National Australia Bank has been forced to pay $36.5 million in compensation after the regulator revealed it had ripped off hundreds of thousands of superannuation members and knocked back insurance claims to seriously ill customers.
As he prepared to sign orders designed to roll back bank regulations enacted to stop the next financial crisis, President Donald Trump said that the rules are stifling lending.
A "damning" report into lending practices by the big banks to small business has fuelled calls for a royal commission into the financial services sector.
Should compulsory superannuation aim to give Australians a retirement that is "comfortable," "adequate" or "dignified"?
President Donald Trump is moving to loosen rules enacted after the financial crisis that restrict the way Wall St operates.
Wall Street banks will have to show they could survive a major global recession as part of an annual stress test by the Fed.
Apple predicts its system that turns iPhones into "digital wallets" can unleash a new round of competition between banks on credit cards, pushing lenders to offer shoppers more perks for paying on credit.
National Australia Bank's wealth arm has been forced to compensate customers $36.5 million, after wrongly charging fees to superannuation customers and incorrectly assessing insurance claims.
Insurers are struggling to predict how storms will impact their bottom line.
Home and car owners face a 4 per cent lift in their insurance bills this year, according to new industry predictions.
The banking regulator's cap on property investor loan growth could be back on the agenda unless conditions soften, economists say, amid a resurgence in bank lending to landlords.
Former National Australia Bank-owned UK lender CYBG is taking a cautious approach to Brexit after surviving its first year on its own.
Future Fund chairman Peter Costello has signalled the sovereign wealth fund will face an uphill battle in hitting its long-term performance target.
The big four banks will again face public scrutiny with a second round of parliamentary hearings scheduled for March.Â
QBE Insurance has denied it has received a corporate proposal from German insurance giant Allianz after media reports suggested the two insurers had been in "informal talks" about a potential takeover.
Australian consumers are predicted to become more attractive targets for fraudsters and scammers when a $1 billion real-time payments system launches later this year, prompting banks to beef up their anti-fraud defences.
Barclays has settled on Dublin for its main hub inside the European Union after Brexit and may add staff there too.
Australian banks are predicted to face escalating costs when they borrow up to $135 billion from big investors his year, a trend that could prompt further moves to pass on the extra expense to customers.
More Australians are turning to small and mid-tier banks to refinance their home loans amid tough competition and record low interest rates, data from the country's biggest mortgage broker shows.
​German regulators will meet with representatives more than 20 foreign banks on Monday in preparation of a post Brexit world.
The issue is key for Australian providers of financial services into the Eurozone as the passporting system allows businesses to operate in participating countries without needing permission from each individual country.
Fund manager Geoff Wilson's call for Hunter Hall Global Value to allow all investors to sell-out of fund at the asset value of the shares has been rebuffed, with
One of Australia's largest bank investors believes the big four can maintain their dividends this year, despite the challenges of lacklustre credit growth and stiff competition..
Investors to be wary of recently listed companies since they are oftenj priced to perfection, one fund manager has warned
Consumers are spending more on debit cards than credit cards for the first time, as shoppers shy away from racking up debts on plastic.
Under new rules, financial planners have a duty to act in the best interests of their clients. But some planners can take that too far.
Key planks of the banking industry's reform plan, including a promise to name and shame bankers who break the rules, are taking longer to implement than expected.
A senior planner at the National Australia Bank who cheated on his third attempt to pass a basic compliance exam has found guilty of breaching an industry code.
Vice presidents, directors and managing directors at the German bank will get no 2016 bonus. Neither will management.
Phone and internet reseller Allphones has gone into administration after a turnaround project by new owners Canadian company Glentel failed to improve the company's fortunes.Â
The end may be in sight for the shake-out in the dairy industry which has pushed milk stocks to 20 year lows.
The former director of Cairns-based Trek North Tours has been charged for allegedly lying to avoid paying out $55,000 to the Fair Work Ombudsman for underpaying staff who were mainly backpackers.Â
An early rally in the big banks ran out of puff, helping to push the local sharemarket into the red.
Australia has forced the foreign owners of 15 illegally bought properties to sell.
Diets have become lifestyle statements of good people - but who can be bothered?
As competition in the intelligence field heats up, experts say old-school tactics are still best.
It's easy enough to make New Year's resolutions the hard part is putting them into action.
I never expected to love this job, but I did.
A free independent guide from SMH with expert information.
A free independent guide from SMH with expert information.