224

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

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

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 owned retail superannuation funds have once more outperformed industry super funds, at least over a short horizon. read more

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

ANZ CEO Mike Smith pushed introversion over financial planning in a new direction late last week. read more

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

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

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

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