Major Banks

• Ian Rogers

National Australia Bank and its subsidiary Advantedge are defending proceedings bought by ASIC that it failed to respond to debtors’ hardship notices as required by the National Credit Code. read more

• Ian Rogers

The letter U is now pretty much the sole preserve of NAB, at least in the realm of trade marks. read more

• Ian Rogers

NAB will step up efforts to originate more new business via proprietary channels. read more

• Ian Rogers

In a spectacular fail, NAB chief executive Andrew Irvine told a falsehood in a radio interview yesterday on NAB’s record on branch closures. Or is he clueless on what’s really going on? read more

• Ian Rogers

Westpac shareholders will be asked to consider a pair of provocative resolutions lobbed by the activist group Market Forces at its annual meeting. read more

• Ian Rogers

Westpac employee earning less than $102,000 will receive a 5% upfront pay increase in the first year of a new three-year pay deal. read more

• Ian Rogers

Jon Waldron, formerly the General Manager of Infrastructure Engineering at Commonwealth Bank of Australia has been sentenced to six years and eight months in prison. read more

• Ian Rogers

Westpac’s profit will fall in FY2024, slump in 2025 and plateau in 2026, a harsh report on the bank by analysts Matthew Wilson and Christian Mazza from Jefferies concludes. read more

• Ian Rogers

Commonwealth Bank is targeting a mortgage book of $3 trillion. read more

• Ian Rogers

C ommonwealth Bank will be the biggest loser when interchange is completely eliminated from the Australian payments system.   Good.  read more

• Ian Rogers

There were 33,290 full-time equivalent employees on the Westpac payroll at the end of Brian Hartzer’s tenure as CEO of Westpac. And 35,350 FTEs now. read more

• Ian Rogers

Banks and non-banks know what they are doing most of the time when it comes to loosening the credit taps.   read more

• Ian Rogers

Is there a more influential, powerful and as hard working a person as Matthew Comyn, managing director of Commonwealth Bank of Australia.   read more

• Ian Rogers

ANZ are in a stew of their own making and APRA has tolerated inaction by ANZ for years. Belatedly, APRA is cracking down. read more

• Ian Rogers

The considered underinvestment by the four big banks in New Zealand in their core systems is one of the bedrocks of the oligopoly’s long-running dominance of the country’s banking sector, the New Zeal.. read more

Banking Day changes its view and lets the data tell the story. Westpac is now doing well, making market share inroads and for once being wiser on where it is going. read more

• Ian Rogers

NAB’s business borrowers are feeling stressed, with a “continued broad-based deterioration in the Business & Private Banking business lending portfolio” over the June 2024 quarter. read more

• Ian Rogers

Asset quality indicators all soured at Commonwealth Bank over its June 2024 full year. And will continue to do so. read more

• Ian Rogers

Customer onboarding and know-your-customer practices may be greatly simplified for banks if an ambitious effort by the Australian government to overhaul digital identity protocols comes to pass. read more

• Ian Rogers

AFCA has found in favour of National Australia Bank following allegations by a customer that a teller had stolen $7250. read more