Tag: Nab

The NAB National Small Business Summit 2011 will see the launch of a new segment, The FIX IT Forum, where small businesses can highlight issues most important to them.

In Australia approximately 96 percent of businesses are “small”, so it seems odd that the banks prefer to lend for mortgages than business growth. Senior NAB executive Joseph Healy shared his views about how banks think and why small businesses struggle to get their help.

The bank wars have just begun and small business owners may find themselves in the unusual position of having a whole lot more bargaining power than you might otherwise think.

National Australia Bank’s payment problems over the last week have Australian retailers proposing legal action against in the form of a national class action to recover the loses incurred due to the bank’s failures over the last week, such legal action is unlikely to be successful however.

National Australia Bank’s payment problems over the last week have Australian retailers up in arms proposing legal action against NAB in the form of a national class action to recover the loses incurred due to the bank’s failures over the last week.

National Australia Bank has reportedly resolved the bank’s problems processing customer payments and transactions from last week, with payments that both business and personal banking customers were waiting for from last week reportedly appearing in bank accounts this morning.

National Australia Bank has issued a further follow up statement over the bank’s problems processing customer payments and transactions over the last two nights, with payments from Wednesday night now processed but flow on effects still delaying payments made yesterday according to a statement NAB issued this morning.

National Australia Bank has issued a follow up statement that the banks problems processing customer payments and transactions over the last two nights should now be resolved, with no further delays to EFTPOS, ATM and other electronic payments expected by the bank past this morning.

National Australia Bank has issued a statement that the bank has had problems processing customer payments and transactions overnight, with this possibly causing delays to EFTPOS, ATM and other electronic payments today.

National Australia Bank has emerged from the global financial crisis in better shape than ever, posting a net profit of $4.22 billion for the 2010, up a massive 63.2 percent on the previous year.