Is this the end of the banks' golden run?
While the banks reported bumper results, there's concern it may be as good as it gets for investors.
The Washington Post
National Australia Bank Plans U.S. Exit to Free Up Capital
National Australia Bank Ltd., the nation's largest lender by assets, plans to sell its U.S. unit to free up capital and focus on its domestic business.
Great Western Bancorp, Inc. Files for Initial Public Offering
The number of shares to be offered and the price range for the proposed offering have not yet been determined.
Exclusive: National Australia Bank plans U.S. IPO of Great Western Bank - sources
The IPO filing may come as soon as Thursday, the people said, asking not to be named because the matter is not public.
Wed Aug 27, 2014
$A boosted by greenback weakness
At 0700 AEST on Thursday, the local currency was trading at 93.37 US cents, up from 93.32 cents on Wednesday.
How Far Does Section 10(b) Reach? The Second Circuit Says That A...
In a long-awaited opinion issued on August 15 in Parkcentral v. Porsche , the Second Circuit limited the extraterritorial reach of the U.S. securities laws, affirming the dismissal of securities claims brought by parties to swap agreements that were entered into in the United States but were based on the price of foreign securities.
Mon Aug 25, 2014
Sydney Morning Herald
Banks are b-------? Not anymore
Over the past five years billions of dollars have been spent by Australia's big four banks on IT - ostensibly as a way of improving customer satisfaction, ultimately leading to improving market share.
Fri Aug 22, 2014
The China Post
Dollar inches down ahead of Fed chief speech
The dollar inched down in Asia Friday as investors awaited a speech by the U.S. Federal Reserve chief for any hint at when the bank will start raising interest rates.
Wed Aug 20, 2014
We should be banking on a brighter future for Scotland
Clydesdale Bank is a familiar name on Scottish high streets, but since 1987 it has been owned by the National Australia Bank.
Tue Aug 19, 2014
So Much for Bright-Line Tests on Extraterritorial Reach of U.S. Securities Laws?
In its landmark 2010 decision in Morrison v. National Australia Bank , the Supreme Court articulated what seemed to be a bright-line test for determining the extent to which the U.S. securities laws apply to transactions with international elements.
Mon Aug 18, 2014
Clydesdale warns on vote for independent Scotland
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Insurance scandal may hamper National Australia Bank's plans to exit Britain
National Australia Bank Limited increases its cash profit by 7 per cent in the third quarter of the 2014 financial year.
UK banks' PPI mis-selling bill tops A 22 billion
National Australia Bank said today it was putting more money aside to deal with the mis-selling of loan insurance in Britain, joining other banks that have raised provisions to more than 22 billion in total.
NAB's Third-Quarter Profit Up 7% as Bad Debt Provisions Drop
National Australia Bank Ltd. , the nation's largest lender by assets, posted a 7 percent increase in third-quarter profit on lower bad debt charges while revenue fell 1 percent.
Sydney Morning Herald
Rally resumes as earnings take shape
Shares lifted for the third day in a row as investors mulled a swag of company results.
Disappointing earnings weigh on market
The share market is flat as disappointing earnings from National Australia Bank and gold miner Newcrest offset gains in the retail and energy sectors.
Sun Aug 17, 2014
The Washington Post
NAB Sees $410 Million in U.K. Charges in Annual Result
National Australia Bank Ltd., the nation's largest lender by assets, will set aside more than 245 million pounds in its full-year result for compensation related to U.K. insurance and hedging products.
Australia's NAB Q3 profit up, UK challenges remain
National Australia Bank posted a 7 percent rise in third-quarter unaudited cash profit on Monday, led by higher mortgage growth and lower bad debt charges, while flagging higher provisions for its troubled UK business.
NAB warns of at least 250m in UK misconduct provisions
NAB reported a third quarter cash profit of "approximately $1.6 billion", up 7 per cent on the previous third quarter.
Australia shares seen inching up, earnings to dominate
Australian shares are set to open a touch higher on Monday, but will mostly take their cue from earnings from a range of companies, led by National Australia Bank, rail operator Aurizon Holdings and top gold miner Newcrest Mining.