NAB’s outgoing chief executive Ross McEwan says Australia’s housing shortage could hamper economic growth and slow the inflow of migrants,as house prices continue to rise.
Lenders have started using their second-tier offshoots to chase home loan business.
A new alert system from NAB has saved customers – including many desperate Swifties – a total of $80 million in potential scams.
Payouts to investors will ramp up in the coming week with companies keen on maintaining dividend payments despite weaker profits.
More than 1400 bank branches have closed in Australia since 2017. But there are key reasons why it’s important for banks to maintain their physical presence.
The chair of the competition and consumer watchdog has put supermarkets,airlines,banks,telcos,ecommerce players and digital platforms on notice.
Analysts and investors say shares in the country’s biggest bank are defying logic as they trade near record highs despite increasing headwinds.
Shadow bank lenders are seeing a rise in demand as the traditional banks tighten their loan books to ward against major defaults in commercial property.
An 0.05 per cent quarterly levy on Victoria’s share of bank liabilities would raise an estimated $1.25 billion next financial year,costings have found.
A landmark ruling underlines how Macquarie Group,better known for investment banking,is making a serious play in the less racy retail banking sector.
The earnings of the country’s second-largest bank fell by almost 17 per cent in the December quarter as it grappled with growing arrears in local home-lending and a slowing economy.