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National Australia Bank News

News on National Australia Bank (Ticker: NABZY) continually updated from thousands of sources around the net.

2 hrs ago | NEWS.com.au

Judge shows mercy to drunk 'al-Qaeda' bank robber

SA court jails Jane Allison Gibson, who robbed soft targets while pretending to be an al-Qaeda terrorist, for at least two years A CCTV image of Jane Allison Gibson during the robbery of the National Australia Bank branch at Findon in October last year. Source: SA Police.

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Related Topix: Terrorism, Financial Services, National Australia Bank, Banking

6 hrs ago | NEWS.com.au

Chinese seek Palmer's NAB details

TREASURER Tim Nicholls has revealed the Newman Government will take a revised asset sales plan to the next election ... but what's the change? CLIVE Palmer's Chinese business rivals are turning their attention to the financial records of one of the companies embroiled in the $12 million "siphoned funds" saga. Sino Iron, a subsidiary of Chinese state-owned Citic Pacific, has subpoenaed National Australia Bank seeking banking details of Palmer-linked company Cosmo Developments.

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Related Topix: Financial Services

Mon Sep 15, 2014

Yahoo!

Guilty pleas to $7m insider trading

A former National Australia Bank employee and a public servant have pleaded guilty to a $7 million insider trading scheme. Former NAB worker Lukas James Kamay and Australian Bureau of Statistics employee Christopher Russell Hill used confidential market-sensitive information in trades that netted about $7 million in profits.

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Related Topix: Financial Services

International Business Times

Australia Second Highest Overpriced in World in Housing Prices

A National Australia Bank logo is pictured on an automated teller machine in central Sydney September 12, 2014. National Australia Bank, the country's No.4 lender by market value, said contingency plans for its Scottish-based subsidiary included moving to England if Scotland votes to end its 307-year union with the rest of the United Kingdom.

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Related Topix: Housing, Financial Services

Sun Sep 14, 2014

West Australian

One in five Australians living pay to pay

Almost one in five adult Australians are living pay to pay, according to a survey by the National Australia Bank . The survey found that almost one in five adults in Australia rarely or never have any money left at the end of a pay cycle and that people living in regional areas are more likely to be caught short at the end of a pay period than those living in capital cities.

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Related Topix: Financial Services, National Australia Bank, Banking

NEWS.com.au

Stocks to watch on Monday

Fatfish, an Australian-listed company that invests in internet ventures, has brought a stake in Malaysian-based mobile games provider, AppXplore Sdn Bhd.

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Related Topix: Financial Services, National Australia Bank, Banking

Fri Sep 12, 2014

AmericanBankingNews.com

National Australia Bank Price Target Increased to $37.50 by Analysts at Bell Potter

The firm currently has a "buy" rating on the stock. National Australia Bank traded down 0.49% during mid-day trading on Friday, hitting A$34.250.

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Related Topix: Financial Services, National Australia Bank, Banking

Thu Sep 11, 2014

Yahoo!

Aust share market slightly lower

Wall Street finished little changed overnight as concerns about the upcoming referendum on Scottish independence and weak global inflation dampened market sentiment. The Dow Jones Industrial Average fell 0.12 per cent and the broad-based S&P 500 advanced 0.09 per cent.

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Related Topix: Financial Services, Financial Markets

The Washington Post

Glencore Offers Bonds in Australia as It Assesses Local Targets

Glencore Plc, the miner that's said it's assessing acquisitions in Australia, is selling debt in the country for the first time after the discount for shifting funds out of the local currency climbed to an almost two-year high. The world's largest exporter of power-station coal, which last year completed a $29 billion all-share takeover of Xstrata Ltd., is planning to sell five-year senior unsecured Australian dollar-denominated notes via its local unit, according to a statement from joint sale manager National Australia Bank Ltd. The five-year Australian dollar basis swap, a measure of the benefit borrowers get to move funds into U.S. dollars, climbed as high as 32.8 basis points today, the most since October 2012.

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Related Topix: Australia, Oceania, World News, Financial Markets, Financial Services, BHP Billiton, Mining, Science / Technology

BBC News

Mastercard loses appeal against veto

The debit and credit card company Mastercard has lost an appeal against an EU veto at Europe's highest court, the European Court of Justice. Judges at the court wrote in their ruling that: "The Court of Justice confirms the judgement of the General Court and thus validates the Commission's decision prohibiting the multilateral interchange fees applied by MasterCard."

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Marine News

Brent Crude Falls Below US$98

Brent crude dropped below $98 a barrel on Thursday, falling for the sixth straight session, as worries about ample supply and weak demand, which have dragged prices to 17-month lows, outweighed geopolitical concerns in the Middle East. * US air strikes could threaten Islamic reprisals -risk manager * OPEC predicts 1 million bpd supply surplus in 2015 * WTI could drop to $85 a barrel -Ayers Alliance The market was concerned about the impact of the expansion of U.S. military action, with its plans for air strikes in Syria and more attacks in Iraq, on the latter's oil output, said Phin Ziebell, economist at the National Australia Bank in Melbourne.

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Related Topix: World News, OPEC (Organization of the Petroleum Exporting Countries), Financial Services

The Baltimore Sun

Australia's NAB to move Scottish unit south if Scots vote for independence

National Australia Bank , the country's No.4 lender by market value, said contingency plans for its Scottish-based subsidiary included moving to England if Scotland votes to end its 307-year union with the rest of the United Kingdom. The move would address some of the uncertainties and risks surrounding terms of separation for NAB's Clydesdale Bank if Scotland were to become an independent country, NAB said in a statement on Thursday, citing Group CEO Andrew Thorburn.

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Related Topix: Europe, World News, United Kingdom, Banking, Financial Services, National Australia Bank

ComputerWorld

NAB to customers: Delete SMS scam

National Australia Bank is warning customers to delete an SMS message that claims unusual activity has been detected on their bank account. The SMS re-directs customers to click a link that sends them to a fake NAB website where they are then asked to enter their credit card and personal details.

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Related Topix: Financial Services, National Australia Bank, Banking

Wed Sep 10, 2014

The Otago Daily Times

Ex-banker to take charge at DCC treasury

A former banker with experience in solving organisations' risk management and funding issues is to take charge of guiding the Dunedin City Council companies' finances. Richard Davey, originally from Dunedin, had more than 21 years of banking experience in New Zealand and Australia, council group chief financial officer Grant McKenzie said yesterday, announcing Mr Davey's appointment as the council's treasury manager.

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Related Topix: Financial Services

Tue Sep 09, 2014

Reuters

Fitch Rates NAB's Series 23 USD1.25bn Mortgage Covered Bonds 'AAA'; Stable Outlook

SYDNEY, September 10 Fitch Ratings has assigned National Australia Bank Limited's Series 23 USD1.25bn mortgage covered bonds a rating of 'AAA' with a Stable Outlook. This brings the total outstanding issuance to AUD17.392bn.

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Related Topix: Home, Mortgage, Personal Finance, Banking, Financial Services, National Australia Bank

West Australian

$A hits five month low as $US rallies

The Australian dollar has hit a five month low as the US dollar continues its surge against most of the major currencies. At 0700 AEST on Wednesday, the local unit was trading at 92.02 US cents, down from 92.69 cents on Tuesday.

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Related Topix: Financial Markets, Financial Services

NEWS.com.au

Consumers improve business outlook

New data suggests businesses were less chipper in August than during the previous month, but confidence remains close to the improved levels recorded since the 2013 federal election. However, National Australia Bank's latest survey found business conditions softened during the month after a spike in July, while there was no improvement in employment.

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Related Topix: Financial Services, Mortgage, Personal Finance, Home

Mon Sep 08, 2014

ABC News

Business confidence, conditions remain positive despite August dip

The widely-watched National Australia Bank monthly business survey shows confidence eased to 8 points last month from 10 before, while conditions fell from 8 to 4 points. Steep falls in the key areas of trading, profitability and forward orders drove the declines, although non-mining investment intentions rose slightly mirroring a modest improvement in recent official ABS data.

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Related Topix: Financial Services, National Australia Bank, Banking

Reuters

Australia business conditions ease, confidence resilient

A measure of Australian business conditions pulled back from four-year highs in August as sales and profits eased, while booming conditions in the construction sector contrasted with gloom among miners. National Australia Bank's survey of more than 400 firms showed its index of business conditions halved to +4 in August, so unwinding much of July's 5 points gain.

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Related Topix: Financial Services

JD Supra

Second Circuit Limits CEA Private Actions Based On Morrison

In Morrison v. National Australia Bank Ltd., 561 U.S. 247 the Supreme Court delimited the reach of Exchange Act Section 10 , concluding that the Section has no extraterritorial reach.

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Related Topix: Second Circuit Court of Appeals, US News, Financial Services

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