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NAB shareholders revolt

NATIONAL Australia Bank says it will vigorously defend itself against a shareholder move to dump a senior board member over $4.5 billion of toxic assets.

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NAB shareholder revolt over toxic debt

THE National Australia Bank says it will vigorously defend itself against a shareholder move to dump a senior board member over claims of poor risk oversight related to $4.5 billion of toxic assets.

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NAB can draw on UK fund

NATIONAL Australia Bank is considering whether to participate in the British Government's 50 billion ($124 billion) financial support scheme.

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Asian stocks bleed in early trading

HONG KONG (MarketWatch) -- Asian markets tumbled early Wednesday, with financials such as Mitsubishi UFJ Financial Group and National Australia Bank sliding after steep losses on Wall Street overnight. Toyota Motor Corp. slumped on a newspaper report that the automobile giant was expected to post a 40% drop in operating profit, while resource stocks such as BHP Billiton shrank on concerns that global...

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Shares collapse despite US rescue

AUSTRALIAN stocks fell yesterday, led by BHP Billiton and National Australia Bank, even after US lawmakers finally approved a $US700 billion bank bailout plan.

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NAB 'fair-go' loans for low-income set

NATIONAL Australia Bank will inject $100 million into its microfinance business, to help those on low incomes to finance small businesses.

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Oracle is Hiring in Melbourne: Multiple Roles

Following up from our blog entry in August: Oracle Wins National Australia Bank Project Oracle is now at a stage where we are looking to grow our Consulting Team to work on this project. I think this is going to be an exciting project and team to work from all that I have heard to date. From a Permanent perspective our Financial Services Consulting Practice is growing and as a result we will be looking...

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NAB looks to web to boost deposits

NATIONAL Australia Bank's UBank will operate via telephone and the internet and is the first brand under NAB's Star Direct arm.

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Debt investments further dent NAB profit

NATIONAL Australia Bank spooked investors again last night, revealing that its 2008 profit would take a $100 million hit due to troubled debt investments on top of the $1 billion revealed in July.

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NAB to take $100m hit on hedge deal

NATIONAL Australia Bank will take a $100 million hit on its cash earnings this year, as the fallout from its exposure to damaged US sub-prime assets intensifies.

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Australia's NAB raises CDO hedges; to hit earnings

SYDNEY, Sept 30 (Reuters) - National Australia Bank Ltd said on Tuesday it had increased hedges against its exposure to toxic debt products, which would lower its cash earnings this year by about A$100 million ($80.5 million).

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NAB may tap into rescue package

NATIONAL Australia Bank may seek to offload its $1 billion exposure in US property markets to the massive banking rescue being mounted by the US Government.

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Australia's NAB may use U.S. rescue package-paper

SYDNEY, Sept 25 (Reuters) - National Australia Bank Ltd , the nation's top lender, may seek to offload its A$1 billion ($833 million) exposure in U.S. property markets under the U.S. government's planned $700 billion financial rescue package, The Australian newspaper said on Thursday.

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Asia Markets: Airline, financial stocks lead retreat

Asian markets mostly declined Tuesday as financials such as National Australia Bank and exporters like Samsung Electronics dropped in the wake of a slump on Wall Street. A surge in crude-oil prices overnight also weighed down airline stocks like Singapore Airlines, although it lifted energy producers such as Woodside Petroleum.

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NAB jobs go in legacy rethink

NATIONAL Australia Bank will cut up to 100 technology contract jobs by the end of the month as it scales back its legacy system work.