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NAB chief takes $2 million pay cut after commission findings, breaches

NAB chief takes $2 million pay cut after commission findings, breaches

The royal commission and unintended breaches of company policies have prompted NAB's board to reduce the bank boss's pay.

  • by Sarah Danckert

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NAB CEO in investigation over luxury resort holiday
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National Australia Bank

NAB CEO in investigation over luxury resort holiday

NSW detectives are seeking information from the bank about an allegedly corrupt company's decision to pay for the holiday and an expensive kitchen appliance.

  • by Nick McKenzie, Sarah Danckert & Richard Baker
Big banks welcome government competition for small end of town
Commonwealth Bank

Big banks welcome government competition for small end of town

A new $2 billion policy push to help small businesses get loans has been well received.

  • by Emma Koehn
'Why not litigate?' ASIC vows more civil, criminal cases against banks
ANZ Bank

'Why not litigate?' ASIC vows more civil, criminal cases against banks

But the challenges of fighting the banks in court was underlined by a Federal Court decision on Friday to fine Westpac a "paltry" $3.3 million

  • by Clancy Yeates
Regulator proposes lifting capital requirements for big four banks
APRA

Regulator proposes lifting capital requirements for big four banks

The banking regulator says the major banks' funding costs are likely to be nudged higher by a new proposal to boost capital requirements.

  • by Clancy Yeates
Is this as bad as it gets for the big four banks?
Macquarie Group

Is this as bad as it gets for the big four banks?

Results from ANZ and National Australia Bank this week laid bare the cost of misconduct that has been uncovered by the royal commission.

  • by Clancy Yeates
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NAB results confirm the 'golden age' of banking has ended
Opinion
National Australia Bank

NAB results confirm the 'golden age' of banking has ended

National Australia Bank's subdued performance reflects the tough environment, the impact of the royal commission and its own radical restructuring.

  • by Stephen Bartholomeusz
Aggressive mortgage discounts don't 'make sense,' says NAB's Thorburn
National Australia Bank

Aggressive mortgage discounts don't 'make sense,' says NAB's Thorburn

NAB chief executive doubled-down in his criticism of the banking industry's long-established practice of offering lower interest rates for new mortgage customers

  • by Clancy Yeates
Hayne pain: Bank numbers set to show how much commission has hurt
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Westpac Banking Corporation

Hayne pain: Bank numbers set to show how much commission has hurt

Investors brace for bumpy bank profit season

  • by Elizabeth Knight
Big four profits tipped to slide as royal commission bites
Westpac Banking Corporation

Big four profits tipped to slide as royal commission bites

The big four's combined profits are tipped to slide by 7 per cent to $29 billion, amid shrinking profit margins and mounting compensation costs.

  • by Clancy Yeates
Super fund assets at 'tipping point,' says NAB's Mike Baird
National Australia Bank

Super fund assets at 'tipping point,' says NAB's Mike Baird

National Australia Bank executive Mike Baird says a push to encourage superannuation funds to finance business lending is at a "tipping point."

  • by Clancy Yeates