Business

NAB sees 'extraordinary' opportunity in regions

Opportunities: National Australia Bank chairman Ken Henry and NAB CEO Andrew Thorburn.

National Australia Bank chairman Ken Henry says the nation faces an "extraordinary" economic opportunity to develop regions outside the capital cities, as the bank bets on a long-term lift in rural Australia.

NAB to reveal realtime currency costs to travellers

The bank says new features on its app will tell customers what exchange rate they will get if they pay on their Visa ...

National Australia Bank will advise customers who are overseas on the Aussie dollar cost of making purchases in foreign currency, including fees, as banks try to design apps that can adapt to what their clients are doing.

Are the good times ending for Aussie fund managers?

Local fund managers have found it increasingly difficult to deliver excess returns.

Australia's $2.8 trillion fund industry is one of the last havens for fund managers relying on human judgement for their investment calls. That may be about to end amid the global onslaught of low-cost, index-tracking funds.

Scam targets NAB customers with fake website

National Australia Bank has jacked up rates for owner occupiers and residential property investors, but launched a ...

NAB online banking customers are latest target of an email scam that tells victims their account has been disabled before prompting them to enter their password into a fake website.

ASIC to strengthen 'Chinese walls'

ASIC chairman Greg Medcraft said upcoming guidelines aimed to preserve the independence of analyst research.

The corporate regulator is pushing investment banks and stockbrokers to strengthen their handling of conflicts of interest and inside information when producing equity research for investors.

Westpac to offload up to $645m in BTIM shares

Westpac will see a small improvement in its capital position by selling down its stake in BTIM.

Westpac is selling its remaining stake in fund manager BT Investment Management, offloading up to $645 million worth of stock to institutional investors and signalling it intends to ultimately sell all shares it holds in the business.

Australia breaks GDP record

Treasurer Scott Morrison is expected to address the latest figures on Wednesday morning.

Australia has broken the record for the longest run of uninterrupted growth in the developed world, figures released by the Australian Bureau of Statistics have revealed.

Low ball bid for troubled Vocus as KKR acts

Private equity outfit KKR has made an offer to buy Geoff Horth-led Vocus .

Hard on the heels of an earnings downgrade which prompted heavy selling of its shares, the telecom company behind the Dodo and iPrimus brands has received a takeover approach from the private equity firm.

The hidden dangers of some passive funds

Investors who put their money in small exchange traded funds that lack sufficient market buyers and sellers are ...

Investors who put their money in exchange traded funds that lack sufficient market buyers and sellers could be forced to dig into gains when they sell out.

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