Attorney-General Mark Dreyfus is this year expected to legislate changes to the decades-old Privacy Act,after a review by his department recommended 116 changes to better protect the personal information of Australians.
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.
While the News Corp board will meet in Australia this month,the empire’s retired patriarch Rupert Murdoch is staying away.
Turning a basket case into a high-performing enterprise is a sure fire way to attract admirers. Inheriting a well-oiled corporate machine makes it harder to excel.
Ross McEwan will step down in April after nearly five years in the role and will be replaced by the bank’s head of business and private banking,Andrew Irvine.
Helen Rosamond used money defrauded from the National Australia Bank to fund a lavish lifestyle including furnishing her Potts Point terrace.
Two of Australia’s largest banks recorded a three-fold annual increase in business loans for electric vehicles.
NAB chief executive Ross McEwan said he expected a rebound in economic growth by the second half of next year but that the economy would continue to slow into 2024.
Australia’s largest business lender has said it is inevitable banks will charge higher interest rates for businesses that aren’t reducing their emissions.
National Australia Bank chief executive Ross McEwan said rate hikes were slowing the economy as intended but that there could be one more next year.
The National Australia Bank has inked a deal with fintech lender Plenti to provide loans for electric vehicle and other cars,and could acquire 15 per cent of its shares.