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 articleAnd gain access to:
And moreRead our full COVID-19 news coverage and analysis here. Related News |
Editor's Choice
Iress says its GitHub user space was breached
Iress has disclosed to shareholders that its private user space with software code repository GitHub was subjected to a cyber-attack over the weekend.
Federal Court rejects two CBA class actions
The Federal Court shut down two class actions against Commonwealth Bank of Australia (CBA) relating to anti-money laundering and counter-terrorism financing (AML/CTF).
Chalmers makes bold inflation prediction
The Federal Treasurer says he believes inflation will come back into the Reserve Bank's target range sooner than predicted.
UniSuper restores online services, app
UniSuper's systems are back online, after close to two weeks of disruption.
Products
Featured Profile
Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.