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.
National Australia Bank (NAB) and Australia and New Zealand Bank (ANZ) held secret talks in 2008 to merge, but plans were scuttled by the Federal Government The Australian reports.
St.George Bank has won the Banking Website of the Year award in in Money Magazine’s 2010 Consumer Finance Awards, with the Bank also launching an iPad Internet Banking App this week.
Money Magazine has awarded National Australia Bank (NAB) the 2010 Socially Responsible Bank of the Year in the 2010 Consumer Finance Awards.
Commonwealth bank has jumped on the iPad Internet Banking bandwagon and announced their NetBank service is fully compatible with the iPad.
National Australia Bank (NAB) will launch an internet banking application for the Apple iPad tomorrow (Friday, 28 May 2010), when the device becomes available in Australia.
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.
NAB and MLC have come out in support of the Henry Tax Review superannuation reforms taking compulsory superannuation from 9 up to 12 percent from 2012.
NAB announced this week it had won three prestigious awards in CANSTAR CANNEX’s Innovation Excellence Awards including the ‘Banking Leadership Award’ for delivering the “banking breakthrough of the decade”.
National Australia Bank (NAB) disagrees with the ACCC decision concerning the proposal to acquire the Australian and New Zealand businesses of AXA Asia Pacific Holdings.
