NAB prepares for US sell down 23 April 2015 4:31PM National Australia Bank yesterday foreshadowed plans to undertake "a potential public secondary offering" of its remaining shares in the bank's US subsidiary, Great Western. read more
Bankers and senators debate best way of insuring financial advice clients against loss 22 April 2015 3:42PM There were plenty of grizzles but not much insight yesterday as a Senate committee laboured to produce a show intended to somehow bring bank chiefs to heel over malpractice in financial planning. read more
Stevens questions rise in household debt 22 April 2015 3:41PM The extent to which further increases in household leverage should be encouraged "is not easily answered, but nor can it be conveniently side-stepped," Glenn Stevens, governor of the Reserve Bank of A.. read more
Bank super bests industry funds in March quarter 22 April 2015 3:39PM Bank owned retail superannuation funds have once more outperformed industry super funds, at least over a short horizon. read more
Amex receivables declined over 2014 21 April 2015 3:42PM American Express may be dealing with an extended period of caution on the part of its cardholders - or reduced traction for its product - with a decline in credit card receivables for the second year.. read more
Periodic reviews a waste of time in financial planning 20 April 2015 4:08PM ANZ CEO Mike Smith pushed introversion over financial planning in a new direction late last week. read more
Provident Capital investors lose 84% 20 April 2015 4:07PM Debenture holders in Provident Capital will recover only 16 cents in the dollar following the demise of the mortgage firm in mid 2012. read more
Foreign finance services exports fare well 20 April 2015 4:05PM Australian services companies generated net income of A$7.1 billion from overseas operations, from a total of $8.9 billion from all industries, a new study shows. read more
'Deceitful' NAB cops UK PPI fine 16 April 2015 3:55PM 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 16 April 2015 3:54PM 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