Search ResultsShowing 1 - 10 of 100+ results for "National Australia Bank"
NAB looks to boost fintech
ELIZABETH MCARTHUR  |  TUESDAY, 4 JUN 2019
The National Australia Bank announced its existing alliance with Bank Leumi of Israel and CIBC will move into fintech with the introduction of the Global Alliance Fintech Link. The Link is an online portal developed to help drive client-focused ...
Chief economist update: RBA May cut, May not
BENJAMIN ONG  |  FRIDAY, 3 MAY 2019
... and "taint" the election, according to APA Group chief executive Mick McCormack. At least, National Australia Bank chief executive Philip Chronican was more forthcoming: "Interest rate cuts would further squeeze bank margins, profits and ...
NAB, Nippon lock heads over MLC
KARREN VERGARA  |  THURSDAY, 2 MAY 2019
The National Australia Bank is clashing with Nippon Life about spinning off MLC as a standalone entity, admitting it is amid "disputing" contractual obligations. NAB revealed in its March 2019 interim financial results this morning a number of ...
IRESS appoints managing director
ELIZABETH MCARTHUR  |  WEDNESDAY, 1 MAY 2019
A former head of business consulting for MLC and head of insurance and licensee services for National Australia Bank will take on a leadership role at IRESS. IRESS has announced the appointment of Phil Quin-Conroy to the role of managing director ...
NAB remediation bill hits $1.1bn
JAMIE WILLIAMSON  |  THURSDAY, 18 APR 2019
National Australia Bank has set aside an additional $525 million for customer remediation, more than 90% of which is in relation to its wealth operations. The total owing is now estimated at more than $1.1 billion. Announced today, the $525 million ...
ASIC outlines enforcement efforts
ELIZABETH MCARTHUR  |  WEDNESDAY, 10 APR 2019
... covered under the Corporations Act. Court settlements were ordered against Commonwealth Bank , National Australia Bank and ANZ on similar matters. Total civil penalties against these banks came to $25 million. Total community benefit ...
NAB needs 500 staff for remediation
ELIZABETH MCARTHUR  |  FRIDAY, 29 MAR 2019
National Australia Bank chief executive Philip Chronican has acknowledged the institution needs to go to great lengths to repay customers. In his opening statement to the House of Representatives Standing Committee on Economics, Chronican began by ...
NAB ends introducer payments
ELIZABETH MCARTHUR  |  TUESDAY, 26 MAR 2019
National Australia Bank will no longer make referral payments to introducers. NAB chief executive Philip Chronican said ending "introducer" payments was part of NAB's ongoing efforts to be a better bank following the Royal Commission. He said ...
Macquarie axes SMSF residential property loans
ELIZABETH MCARTHUR  |  THURSDAY, 21 MAR 2019
... offering SMSF lending for residential property, amid regulatory concerns and falling property prices. National Australia Bank stopped offering SMSF loans for residential property in 2015. Banks have phased out these limited recourse borrowing ...
Banks must prioritise NPP, says Reserve Bank
ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
... last year. In emails sent by Lowe to the chief executives of ANZ, Commonwealth Bank, Westpac and National Australia Bank last September, he expressed concern at how long it was taking to roll out the high speed payment system, saying: "The ...
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