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National Australia Bank Announces Start Date For Group CEO Ross McEwan
Magnis Energy Technologies Says Imperium3 Townsville Engaged NAB As Financial Advisor
National Australia Bank Updates On ASIC Civil Proceedings On Introducer Program
National Australia Bank Limited is a business bank engaged in providing personal banking and business banking services. The Company's segments include Business & Private Banking, Corporate & Institutional Banking (CIB), Consumer Banking & Wealth Management, Customer Products & Services and NZ Banking. The Company’s Business & Private Banking focus on medium enterprises (SME) customers, which include NAB business franchise with specialized agriculture, health, Government, education and community services along with private banking and small business segment. CIB includes corporate and institutional banking businesses, fixed Income, currencies and commodities (FICC), capital financing businesses, asset servicing and international branches. Customer Products & Services include banking & wealth products, strategy, digital, NAB labs/ventures, marketing and corporate affairs. Consumer Banking & Wealth Management includes the distribution components of wealth management.
National@Docklands, 800 Bourke Street
Kenneth Ross Henry
Non-Executive Chairman of the Board
Ross Maxwell McEwan
Group Chief Executive Officer and Managing Director
Chief Financial Officer
CEO of MLC
Managing Director and Chief Executive Officer of Bank of New Zealand
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National Australia Bank Ltd said on Friday incoming Chief Executive Officer Ross McEwan would start his tenure at the country's third-biggest lender on Dec. 2.
National Australia Bank economists on Friday became the latest to join a growing pool of analysts predicting a third interest rate cut by the country's central bank in October, citing slowing economic growth and a smaller chance of fiscal support.
National Australia Bank on Wednesday revised its outlook for interest rate cuts by the country's central bank, predicting at least two more easings to 0.5% by February from previous forecast of one cut.
* NAB accused of taking loan applications from unlicensed professionals
The Australian corporate regulator said on Friday it filed a lawsuit against No. 3 lender National Australia Bank Ltd accusing it of accepting loan applications from unlicensed third party "introducers".
* Australia's third-biggest lender posts A$1.65 bln cash earnings
National Australia Bank on Wednesday reported flat third-quarter cash profit growth, and flagged that it would incur additional customer remediation-related expenses in the second half of fiscal 2019.
National Australia Bank Ltd <NAB.AX> said 13,000 customers are being contacted after a data breach where personal data was uploaded without permission to two data service companies.
National Australia Bank Ltd <NAB.AX> said on Wednesday it would ease home-lending rules effective Aug. 5, lowering the interest rate it uses to stress test customers' loan applications to a minimum 5.5%, in line with its larger peers.
Australian shares had their best day in over four weeks on Friday as remarks from a top Federal Reserve official virtually confirmed there will be a U.S. rate cut later this month.
National Australia Bank Ltd <NAB.AX> has hired the man credited with turning around Royal Bank of Scotland <RBS.L> as its new chief executive, as it moves on from the abrupt departure of its leaders this year in the fallout of a misconduct inquiry.
National Australia Bank said on Friday Ross McEwan had been appointed as its chief executive officer after his predecessor was ousted following an inquiry into the country's financial sector.
Australia's prudential regulator said on Thursday it has told three of the country's biggest banks to set aside an additional A$500 million ($348 million) each until they have strengthened risk management and reimbursed customers wrongly charged fees.
National Australia Bank (NAB) has hired Lachlan Shaw as a director and commodity strategist at its Melbourne office, an NAB spokesman confirmed on Monday.
National Australia Bank, the country's fourth-largest lender, on Thursday raced to offer discounts on some of its fixed-rate mortgages in anticipation of a rate cut by the central bank next week.
About 150 companies have launched a London lawsuit against Britain's Clydesdale Bank and its former owner, National Australia Bank, alleging they were deceived when they took business loans from the bank up to 18 years ago.
Almost 150 claimants have filed a lawsuit against Britain's Clydesdale Bank <IPO-CLBP.L> and former owner National Australia Bank in London, alleging thousands of business loans were mis-sold in a potential multimillion pound claim.
National Australia Bank Ltd posted a 7 percent rise in first-half cash profit on Thursday, as strong revenue and above average lending growth in Australia and New Zealand more than offset lower margins and higher bad debt charges.
National Australia Bank Ltd posted a 7 percent rise in first-half cash profit on Thursday, but cut its dividend as the country's fourth-largest lender grapples with rising costs of compensating customers.
* Board to review dividend policy - analysts expect cut to 90c
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