Tag: NAB
Big four banks on notice after Bank of Queensland snaps up ME Bank for $1.3b
Australia’s cosy banking system will undergo the biggest change in many years with the announcement that Bank of Queensland (ASX: BOQ) is buying ME Bank for $1.325 billion.
That deal will effective...
NAB battles BNPL trend with Australia’s first interest-free credit card
National Australia Bank (ASX: NAB) has become the first of Australia’s “big four” to compete with the surging popularity of Buy Now Pay Later (BNPL) schemes by introducing an interest-free credit card...
Commonwealth Bank wins the battle of the coronavirus horror stories, predicts housing prices could fall 32%
You could have easily been mistaken in believing that Australia’s big four banks have been trying to outdo each other with horrifying predictions.
With the Commonwealth Bank (ASX: CBA) outdoing all...
COVID-19 is playing havoc with Australia’s banks
National Australia Bank's (ASX: NAB) plunging profit, slashed dividend and $3.5 billion capital raising is a rude shock which exposes the havoc the COVID-19 pandemic has caused on Australia's banking ...
Could banks emerge from the pandemic with a better outlook than expected?
Of the many share market gyrations we have seen since the COVID-19 pandemic began, some of the most dramatic have been Australia’s big four banks.
Bank share prices have absolutely plunged, with NA...
Bank dividends could be reduced or on hold during pandemic
Investors should prepare themselves for lower and possibly suspended dividends from the big banks and insurance companies after a raft of powerful forces combined to urge lower payouts.
First and m...
NAB reports decline in earnings for 2019, takes biggest hit from Royal Commission findings
National Australia Bank (ASX: NAB) posted a 13.6% reduction in net profits for 2019, making it the last of the country’s big four lenders to show its financial wounds from the fallout of the Banking R...
Australia’s big banks no longer a dividend yield certainty
For decades the not so secret investment rule was that you got a better yield by investing in banks than by depositing funds with them.
That may still be the case but it would be a mistake to take ...
Australian banks set to confess sins and cut dividends?
They say confession is good for the soul and there is going to be plenty of it over the next couple of weeks as three of Australia’s big banks outline their latest 2019 half year results.
ANZ (1 Ma...
NAB CEO and chairman first bank casualties of Hayne Royal Commission
The Hayne Royal Commission has claimed its first banking scalps with the departure of National Australia bank chairman Ken Henry and chief executive officer Andrew Thorburn.
Both have resigned afte...
Australia’s banking sector is about to experience major changes
Finally, Australia’s big bankers can relax for a little while as their time of giving evidence before the Hayne Royal Commission comes to an end.
However, the relief will very short lived because w...
