NAB Annual Profit Falls 9.1% as Bad-Debt Charges Surge and Shares Slide
National Australia Bank has delivered a full-year result that was weaker than many investors hoped, with profit falling and a sharp rise in provisions for...
Tag : RBA rate hike
Reserve Bank of Australia Lifts Rates to 4.85%, an 18-Year High, in Split Vote
The Reserve Bank of Australia has raised interest rates to their highest level in 18 years, warning that bringing inflation back to target will take...
NAB Staff Describe “Spill and Fill” Process as Bank Cuts 2,500 Jobs and Westpac Follows
Australia’s banking sector is going through one of its sharpest rounds of workforce reductions in years, and on Thursday the people affected began to speak...
RBA Lifts Cash Rate to 4.60%, a 15-Year High: What It Means for Mortgages and Savings
Australian borrowers face another rise in repayments after the Reserve Bank of Australia lifted its cash rate by 25 basis points to 4.60% on Tuesday....