Tag: Banking

National Australia Bank has announced unaudited cash earnings for the June quarter of approximately $1.1 billion, consistent with previous quarters for NAB.

Bendigo and Adelaide Bank has announced a 190 percent improvement in net profit for the 12 months ending 30th of June 2010, with after tax profit of 242.6 million.

Telstra have released a new white paper that concludes that micro-business needs are not being met by banks, particularly as business ownership shifts to Gen X and Y.

Changes are afoot in the way business banking works in Australia and small businesses are now in a prime position as banks compete fiercely for their business.

Prospects for small businesses appear to be looking up post-GFC in Australia, yet the attitudes held by business owners towards banks has not recovered.

National Australia Bank (NAB) through it’s wholly owned subsidiary Great Western Bank (GWB) has announced the acquisition of the failed TierOne Bank (TierOne) from the Federal Deposit Insurance Corporation (FDIC) for a cash payment of approximately US$76 million.

Money Magazine has awarded National Australia Bank (NAB) the 2010 Socially Responsible Bank of the Year in the 2010 Consumer Finance Awards.

The Reserve Bank of Australia has left official interest rates unchanged at 4.5 percent after its June board meeting, but how long before we see another change?

The Greater Building Society is urging people to to beyond the ‘big 4’ when looking for a home loan deal, with building societies being significantly cheaper after the RBA rate increase this week.

Following the Reserve Bank of Australia’s Board Meeting today, with a 25 basis point rise in official interest rates, National Australia Bank has confirmed a matching increase in rates on its home loans.