'Deceitful' NAB cops UK PPI fine

NAB's Clydesdale Bank subsidiary in Britain "provided false information to the Financial Ombudsman Service in response to requests for evidence of the records Clydesdale held on payment protection ins.. read more

Comment: Time for another purge at NAB

Middle management is taking the blame at National Australia Bank for the misdeeds of staff in its shameful approach at Clydesdale Bank over its handling payment protection insurance policies in the UK.. read more

GE Capital plans defenestration

GE Capital's remaining commercial finance businesses in Australia will be pared back or sold, as the conglomerate General Electric reorganises around its portfolio of industrial businesses. read more

Pre-crisis CDO strife snares CBA

Commonwealth Bank will settle a class action over structured financial products dating from the closing phase of the 2000s credit boom. The settlement is worth an estimated A$50 million, The Australia.. read more