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Showing 191 - 200 of 2099 results for "National Australia"

ASIC outlines enforcement efforts

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 APR 2019
... product clearly 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 payments ...

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 saying ...

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
... stopped 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
... payment 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 ...

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
... work 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 ...