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Showing 191 - 200 of 2028 results for "Australia Bank"

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: "Through ...

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 arrangements ...

Banks must prioritise NPP, says Reserve Bank

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
... system 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 concern ...

NAB agrees to RC wealth recommendations

HARRISON WORLEY  |  FRIDAY, 15 MAR 2019
National Australia Bank agreed to all of the Royal Commission's recommendations directly relating to the wealth management industry. Releasing its full response to Commissioner Hayne's 76 suggested changes to Australia's financial services industry ...

NAB announces executive departure

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 MAR 2019
National Australia Bank's chief people officer is leaving the organisation. Lorraine Murphy has resigned as chief people officer at NAB. Murphy joined NAB in March 2016 and has 20 years' experience across multiple industries. The role will be temporarily ...

New NAB chair seeks to ease shareholders

JAMIE WILLIAMSON  |  TUESDAY, 12 MAR 2019
National Australia Bank's newly elected chair and interim chief executive has moved to reassure shareholders of his priorities going forward, including ongoing changes to executive remuneration following criticism. In a letter to NAB shareholders, Philip ...

NAB names new chair

JAMIE WILLIAMSON  |  THURSDAY, 7 MAR 2019
The new chair of National Australia Bank has been named as the hunt for a new chief executive continues. Current NAB director Philip Chronican will replace Ken Henry as chair of the board later in 2019. Chronican is currently serving as interim chief ...

Westpac mulls sale of in-house planners

JAMIE WILLIAMSON  |  WEDNESDAY, 13 FEB 2019
... through, the spokesperson added. In the past two years, three major banks­ - ANZ, Commonwealth Bank and National Australia Bank - announced plans to divest wealth management arms. In November last year, Westpac chief executive Brian Hartzer also said ...

NAB chief executive and chair exit

KARREN VERGARA  |  THURSDAY, 7 FEB 2019
National Australia Bank chief executive Andrew Thorburn and chair Ken Henry announced they will exit the bank. Thorburn's last day is on 28 February 2019, while Henry will retire from the board once a permanent chief executive is appointed. Philip ...

NAB signals more bad advice remediation

KARREN VERGARA  |  THURSDAY, 1 NOV 2018
Among its FY18 results, National Australia Bank flagged that bad advice and fees for no service remediation will continue to dampen its future financial performance. Numerous contingent liabilities and potentially paying out more compensation plagued ...