Record for NAB as it remains debt wary
May 9, 2008
THE chief executive of National Australia Bank, John Stewart, warned yesterday that the global credit crisis could still get worse before it gets better, even as he delivered a strong half-year earnings result which is propelling his group towards a record $4.8 billion annual net profit.
National Australia Bank shares fall 10%
National Australia Bank shares have dropped 10 per cent after the bank announced an extra $830m loss on its exposure to US mortgage-backed debt securities.
National Australia Bank talking to Royal Bank of Scotland about buying local arm of ABN Amro
National Australia Bank Ltd., one of the country's biggest lenders, said Friday it is in consultations with the Royal Bank of Scotland about buying the local arm of investment bank ABN Amro.
NAB breaks rank to lifts rates again
National Australia Bank Ltd has broken ranks with the major banks and lifted its standard variable home loan by another nine basis points.
NAB shares slump on writedowns
National Australia Bank announces $830 million in additional provisions, sending its shares down as much as 13%.
National Australia Bank reports 25.8%...
National Australia Bank Ltd. said Friday its first half net profit rose 25.8 percent over the same period last year.
NAB appoints Cameron Clyne as new CEO
National Australia Bank Ltd has appointed the head of its New Zealand operations, Cameron Clyne, as its new chief executive.
NAB ups standard variable rate to 9.46%
National Australia Bank has lifted its variable mortgage interest rates by 10 basis points.
NAB won't rule out St George bid
National Australia Bank chief executive John Stewart has not ruled out making a counterbid for St George Bank.
National Australia Bank reports 25.8 percent rise in 1st half net profit
National Australia Bank Ltd. said Friday its first half net profit rose 25.8 percent over the same period last year, boosted by strong lending and deposit growth and a one-time gain from Visa Inc.'s initial public offering.
NAB role unclear as Stewart joins Telstra
THE chief executive of National Australia Bank, John Stewart, has again fuelled speculation that he may leave within 18 months to serve on company boards, after he was appointed a Telstra director yesterday.
NAB lifts rates to 9.46%
The National Australia Bank has lifted its variable mortgage interest rates by 0.1 percentage points, raising its standard variable home loan rate to 9.46%.
NAB's Anzac Day rate rise 'lousy': govt
Federal Treasurer Wayne Swan says the National Australia Bank was "lousy" to announce an interest rate rise on Anzac Day.
NAB gains $221m from Visa float
National Australia Bank expects an after-tax gain of approximately $221 million from its shareholding in Visa Inc, following its float on the NYSE.
NAB's Write-Down May Hurt Future Funding
National Australia Bank could face higher funding costs after the bank shocked market participants with a write-down worth US$796.1 million, blaming the global credit crunch and...
BankWest turns its nose up at sniff...
THE British parent of the expanding BankWest chain and its sister financial services operations is likely to resist attempts by rivals to buy the business after reports emerged...
Rubicon Japan Trust meets margin call
Rubicon Japan Trust has paid an $18.8 million margin call to its lender, National Australia Bank.
National Australia Bank names new chief executive
National Australia Bank Ltd., one of the country's biggest lenders, said Thursday that the head of its New Zealand operations, Cameron Clyne, will take over as chief executive, replacing John Stewart at the start of next year.
Westpac pressured to lift rates
WESTPAC is coming under increasing financial pressure to top up its leading home loan interest rate after National Australia Bank's sudden move to bring the cost of its mortgages into line with the rest of its main rivals.
NAB's $100m irony
It's ironic that the largest domestic custodian business is NCS (National Custodian Services). That's National for National Australia Bank.
NAB to post modest earnings growth
National Australia Bank is expected to report modest single digit earnings growth for the first half of its financial year.
Intercity rivalry doesn't stop at...
There is a mischievous view doing the rounds of the banking industry that if it was not for Melbourne, the share prices of the rest of the majors would be in much better shape....
NAB posts 8% profit rise
NAB shrugs off the worst effects of global credit crisis and falling stock markets by posting an 8% increase in its latest half year profits.
NAB's British arm has growth potential
A sale of National Australia Bank's once-ailing British businesses is now firmly off the agenda.
NAB eyes ABN Amro Australia
CHRIS ZAPPONE National Australia Bank is in discussions to buy ABN Amro in Australia and New Zealand.