Pay cuts, dividend slashed as NAB raises capitalBY JAMIE WILLIAMSON | MONDAY, 27 APR 2020 8:51AMThe big bank has entered a trading halt as it looks to raise $3.5 billion to sustain the business throughout the COVID-19 downturn which has so far seen the interim dividend more than halved and the NAB leadership team take pay cuts.
Upgrade your subscription to access this article![]() And gain access to:
And moreRead our full COVID-19 news coverage and analysis here. Related News |
Editor's Choice
Work from home saves employees $5308
|Australians who have worked from home since the COVID-19 pandemic have benefitted from time savings worth an estimated $5308 a year.
BNP Paribas names chief for Australia, NZ
|BNP Paribas has named Nicolas Parrot as its new chief executive for Australia and New Zealand, replacing Karine Delvallée.
Smaller super funds unfairly burdened by regulatory levy model: CPA
|Members of small and medium-sized super funds have become "collateral damage" in an imperfect regulatory funding model, CPA Australia says, in response to Treasury's proposed levy changes for 2025-26.
Inflation figures point to May rate cut
|Underlying inflation figures for the March quarter was the lowest reading since December 2021, backing market expectations for a May rate cut.
Products
Featured Profile

Paul Heath
CHIEF EXECUTIVE OFFICER
KODA CAPITAL PTY LTD
KODA CAPITAL PTY LTD
Koda Capital chief executive and founding partner Paul Heath grew up a stone's throw from the company's chair Steve Tucker in Perth. Their eventual collaboration gave rise to one of Australia's premier independent wealth management firms. Andrew McKean writes.