National Australia Bank News

THE National Australia Bank is under pressure to provide more details on its exposure to securities linked to subprime assets in the United States and Europe.

NATIONAL Australia Bank yesterday joined the latest round of unilateral increases in home-lending rates as the fallout from the US sub-prime lending crisis continued to put pressure on bank funding costs.

AUSTRALIAN stocks opened nearly 1 per cent higher today following Wall Street's positive close overnight and nearly $6 jump in oil price.

Asia Pacific News.Net Wednesday 16th July, 2008 ANZ Bank will move 238 back office jobs from Wellington and Auckland to India.

Australia's Westpac Banking Corp. is expected to increase its interest rates and join rivals that made similar moves recently, in spite of the central banks' decision to keep its lending rates on hold, ...

The share market dropped 1.2% to a near two-year closing low on Monday, with National Australia Bank leading declines on worries about the impact of financial sector woes and high oil prices on economic growth.

WESTPAC Bank is expected to join its big-bank competitors and cap off another round of unofficial interest rate rises as new figures reveal an increasing stranglehold on lending by banks.

WESTPAC and National Australia Bank are expected to add to the pressure on home owners and businesses as early as tomorrow as they prepare to catch up with the latest rises in rates on standard variable home ...

Asian indexes were unsettled Friday, wavering between gains and losses. Stocks such as Advantest Corp.

Royal Bank of Scotland Group Plc is in talks to sell assets in Australia and New Zealand after losing a bidder yesterday for its U.K. insurance unit.

Asian stocks fell, with the region's benchmark index set for a fifth weekly decline, on concern banks will post more U.S. credit-related losses after National Australia Bank Ltd.

RBS in talks to sell ABN assets to National Australia Bank; Zurich Financial pulls out of bidding for RBS's insurance unit; Fortis chief faces pressure as board holds meeting;

National Australia Bank said it may have to set aside more money for losses stemming from off-balance sheet financing vehicles.

NATIONAL Australia Bank says it is in discussions to acquire ABN Amro Holdings. ABN Amro Holdings owns and operates the investment banking and wholesale banking businesses of Dutch bank ABN Amro in Australia ...

National Australia Bank is expected to send another 400 information technology jobs to India by the end of the year.

Asia Pacific News.Net Wednesday 9th July, 2008 Sydney, July 9 : The National Australia Bank has reportedly decided to outsource nearly 400 new jobs to India by the year-end. On Monday the Bank commenced its ...

Australian business confidence fell to the lowest level in seven years in June as cooling domestic demand and spiraling raw-material costs eroded corporate profits.

Bank PR - outed' via Social Media interview PR Disasters : "National Australia Bank has distanced itself from a PR consultancy , which attempted to spam post commercial messages on several leading Aussie sports ...

NAB economist Jeff Oughton predicts an unemployment rise in the next year. A serious deterioration in business conditions has strengthened expectations of rising unemployment over the next year, but an ...

The Australian dollar fell the most in a week against the yen as lower stocks prompted investors to pare holdings of higher-yielding currencies funded in Japan.