National Australia Bank News

A SECOND wave of corporate collapses is still causing headaches for the nation's banks even after many declared the worst was behind them on the bad-debt front.

After announcing the roll-out of 2500 contactless card readers to merchants in Sydney and Melbourne, National Australia Bank will now be issuing cards capable of contactless payments.

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National Australia Bank Ltd is expanding its distribution across rural Australia through an alliance with Ruralco Holdings Ltd, offering seasonal finance and term loans to farmers.

IT WAS a colossal gamble -- the first major bank to dump penalty fees to appease angry customers, a move that would flush more than $100 million down the drain annually.

National Australia Bank Ltd. said ita s studying assets that may come up for sale in the U.K. after Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc said they would sell units and branches to meet state aid rules.

NATIONAL AUSTRALIA BANK faces a shareholder backlash after its majority-owned and Singaporean vehicle Cambridge Industrial Trust was stopped over the weekend by regulators from making a bid for MacarthurCook Industrial Trust.

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Gold eased on Friday as the dollar's rise prompted investors to book profits after prices hit record highs above $1,150 earlier in the week, but bullion's appeal as an alternative asset kept support firm.

National Australia Bank has bought Hong Kong-based Calibre Asset Management to bolster investment advisory and private and corporate banking operations in Asia.

Small to medium-sized businesses are experiencing improved business conditions for the first time since the onset of the global financial and economic crisis, a survey reveals.

Small business is starting to see the effects of the economic recovery. Australia's recovery from the recent economic downturn has been most evident at the big end of town with new share market listings and renewed takeover activity.

THE National Australia Bank has locked horns with the Tax Office over deductions which allowed it to reduce its Australian tax bill by about $500 million between 2000 and 2003.

LEADING lettuce growers whose farms are under notice for using ''gangmaster'' labour contractors - who allegedly hire lowly paid illegal workers - have won a national agribusiness award sponsored by National Australia Bank and Monash University.

THERE would be almost no chance of recovering a $678 million tax bill against the private equity firm TPG if funds from last week's float of Myer moved offshore, a lawyer for the Australian Taxation Office warned in court this week.

SOME banks have been aiming to win over customers through a ''determination to be different'', while others remind us they are ''living in our world''. But some of the nation's biggest lenders have made it a little tougher by closing branches over the past year.

ROYAL Bank of Scotland has installed long-serving executive Alan Dickinson to head up the sale of its branch network in England and Wales, which is seen as an early candidate for disposal.

Business confidence is looking up again after dipping in September, climbing back to near six-year highs, a survey shows.

National Australia Bank Ltd will ask customers to confirm whether they want an American Express credit card that the bank sent to them without a request.

Rate rise analysis: Ross Gittins Economics Columnist Ross Gittins analyses the RBA's quarter point rate rise.