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.

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.

NAB slumps on debt shock

NATIONAL Australia Bank will suffer a $600 million blow to its annual net profit, sending its earnings into the first tailspin for four years, after taking a direct financial hit from a portfolio of investments linked to the US subprime housing crisis.

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.

Intercity rivalry doesn't stop at banks - and Sydney comes out on top

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. For Melbourne, of course, read ANZ and National Australia Bank. So it will not be any surprise that the quip has emanated from Sydney where Commonwealth, Westpac and St George are based.