NAB discounts to meet business market

A slump in the business lending margin and a concession that the group was willing to write new loans at less than the cost of capital provided a focus for the full year results briefing for National.. read more

Another $835m down the drain at NAB UK

National Australia Bank provided an outline of the planned demerger of Clydesdale Bank from the group yesterday. NAB will distribute approximately 75 per cent of its UK banking arm to NAB shareholders.. read more

Energy stress for BSP

The decline in global energy prices may prove a challenge to the credit quality and credit rating of Papua New Guinea's Bank of South Pacific. Standard & Poor's yesterday said it revised its long-.. read more

NAB life sale expected

National Australia Bank may announce the sale of its life insurance unit to Japan's Nippon Life Insurance Company, Reuters and other media report. read more

Long hours more common in banking jobs

More than one fifth of staff in the finance sector work more than 50 hours a week, the Australian Bureau of Statistics found in a new report on "Characteristics of Employment." read more

Morrison channels Costello on bank returns

The tension between banks and the political class took a tired old turn yesterday, with a tyro Treasurer questioning recent rate rises for borrowers and whining about the level of bank profits. read more

CLF fees push $500m

Fees paid by banks in Australia for the Committed Liquidity Facility from the Reserve Bank of Australia will chew through more than two per cent of industry profits, or up to A$500 million a year, the.. read more