National Australia Bank News

Are NZ banks about to follow in the steps of their Australian parents and start hiking interest rates despite no central bank move? Photo / Sarah Ivey ANZ and Westpac announced increases in their floating mortgage rates in Australia on Friday, even though there had been no change in the Official Cash Rate.

Mr Swan was pretending people had a choice if banks hiked loan rates independently of the Reserve Bank, opposition treasury spokesman Joe Hockey said.

NBNK, the would-be banking group set up by City grandee and former Lord Mayor of London Lord Levene, is planning a bid for National Australia Bank's British assets.

One year on from National Australia Bank's Valentine's Day-inspired "break-up" campaign, the big four have become closer in a bid to protect profit margins on home loans.

CLYDESDALE Bank will take a tougher approach to lending in struggling sectors such as commercial property and hospitality as it undergoes a root and branch review by its Australian parent.

HOME owners fed up with rising interest rates are turning their backs on the big four banks, with latest figures showing the number of new mortgages signed with small banks is growing at twice the rate of housing loans being taken out with major institutions.

Don't miss our 3rd annual HITB Security Conference in Europe featuring keynote speakers Bruce Schneier and Andy Ellis ! Customers were unable to use ATM, EFTPOS, internet and phone banking services on Friday from about noon, the bank said in a statement.

National Australia Bank customers have been hit by a series of problems while trying to access their accounts this afternoon, with the bank unable to say when the problems will be solved.

India's Adani Enterprises is finalising a A$1.4 billion project finance loan with a group of lenders to replace a US$2 billion bridge loan raised to buy an Australian coal terminal last year, two sources said.

BUSINESS conditions strengthened in the last three months of 2011, bolstered by improvements in profitability, employment and trading conditions, a private survey has found.

The National Australia Bank made an interesting choice in announcing its home loan rates ahead of the RBA's decision, BusinessDay's Chris Zappone reports.

Hundreds more banking jobs could be at risk after National Australia Bank said it was taking a much more pessimistic view of the UK economy and was launching a strategic review of its wholly owned Clydesdale Bank.

The UBS banking analyst Jonathan Mott has started 2012 with a bang - telling us first the banks were about to slash thousands of jobs and, this month, that the poor dears are likely losing money on new mortgages.

Newly established loan fund manager Metrics Credit Partners plans to raise A$3 billion to invest in the $100 billion Australian loan market, at a time when international lenders are retreating from the market and remaining lenders are more restrained.

Bank announced on Wednesday a strategic review of its U.S. business after the latter suffered from high levels of bad debts.

Two weeks ago I reviewed the wide impact of Morrison v. National Australia Bank in the U.S. federal courts, and the limited prospects for state law workarounds.

Observers expect one of the wealthiest men in Singapore, Richard Chandler, to make widespread changes to forestry group Gunns after being outed as a key backer of the company's latest capital raising.

Asian stocks swung between gains and losses, with the regional benchmark index trading near a five month high, as investors await the outcome of Greek bailout talks amid warnings Europe's crisis threatens global demand.

The Australian owner of the Clydesdale and Yorkshire banks has put its UK operation under review, fuelling uncertainty among its 8,300-strong workforce.

The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1000 GMT on Tuesday.