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Topic: National Australia Bank


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 National Australia Bank - Wikipedia, the free encyclopedia
The National Australia Bank (ASX: NAB, NYSE: NAB, TYO: 8637) colloquially the National or the NAB, together with the Commonwealth Bank are the two largest banks in Australia.
The National Australia Bank is a massive supporter of Australian rules football, both at grassroots and elite level.
The Bank of Queensland was the result of the merger in 1917 of Royal Bank of Queensland (est.
en.wikipedia.org /wiki/National_Australia_Bank   (1039 words)

  
 National bank - Wikipedia, the free encyclopedia
Further, some state-chartered banks have nationwide operations, but are not properly called "national banks." "National banks" should also be distinguished from federal savings associations (which include federal savings and loans and federal savings banks), which are financial institutions chartered by the Office of Thrift Supervision, another agency in the U.S. Treasury Department.
As a result of this, the bank was split, giving the reserve bank function to the Reserve Bank of Australia and the general bank function to the Commonwealth Banking Corporation.
The Commonwealth Bank of Australia was founded by an Australian Act of Parliament in 1911.
en.wikipedia.org /wiki/National_bank   (573 words)

  
 Fool.com: Goings-On Down Under [Motley Fool Take] November 11, 2004
National Australia Bank (NYSE: NAB) disappointed Sydney early Wednesday morning, reporting full-year 2004 earnings (it is common for foreign companies to report twice a year or annually instead of quarterly) of A$3.46 billion, down 15% from last year, compared with an estimate of A$3.48 billion.
First, National Australia Bank is not small: It has a market cap of $31 billion (U.S.), larger than plenty of banks in the Standard and Poor's 500.
The Reserve Bank of Australia (the equivalent of the Federal Reserve) gave guidance that a rate hike for the official cash rate, now at 5.25%, may be needed in the future, but there is no pressing need.
www.fool.com /News/mft/2004/mft04111112.htm   (524 words)

  
 BBC NEWS Business Bank to shut down 100 UK branches
National Australia Bank (NAB) is to cut 2,500 jobs in Australia and close 100 branches in the UK as it tries to recover from a trading scandal.
NAB is looking to keep ahead of rivals, such as Commonwealth Bank of Australia and Westpac Banking, which have been putting in a better performance.
The news came as NAB, Australia's biggest bank by assets, reported a 12.5% drop in first-half cash earnings.
news.bbc.co.uk /2/hi/business/4534909.stm   (535 words)

  
 National Australia Bank Home Loans Get Australia's Lowest Interest Rates
A National Australia Bank home loan is a long-term loan that is usually based over 25 or 30 years, and is sometimes also referred to as a "mortgage".
Mr Liddy said the bank was confident of meeting the forecast 10 per cent to 12 per cent EPS increase for the full year.
BANK of Queensland's share price fell yesterday on investor disappointment at a profit 18 per cent higher than last year.
www.crownhomeloan.com.au /nationalaustraliabank.php   (769 words)

  
 NAB mixes job cuts with record profits - Business - Business - theage.com.au
Australia's biggest bank posted a 17 per cent increase in net profit to $2.54 billion for the first half, although the result was boosted by one-off items.
NAB chief executive John Stewart confirmed that the bank's earnings had bottomed during the period and the bank was expecting growth in the second half.
In sweeping changes, the bank will close its Institutional Markets and Services (IMS) offices in Singapore, Korea and Malaysia as well as its Tokyo-based securities office, shedding 400 jobs and leaving Hong Kong as its Asian base.
www.theage.com.au /news/Business/NAB-mixes-job-cuts-with-record-profits/2005/05/11/1115584998575.html   (664 words)

  
 Gang escapes with $76m in bank raid - World - www.smh.com.au
National Australia Bank is still running Northern Bank during the handover period.
Northern Bank is the largest retail bank in Northern Ireland, with 95 branches in the British-ruled province.
Sources said the gang took two senior bank employees hostage in their homes at the weekend then walked into the cash centre of the Northern Bank in Belfast on Monday afternoon and emptied it.
www.smh.com.au /articles/2004/12/21/1103391774013.html?from=top5   (443 words)

  
 National Australia Bank News
NAB has been trying to put its problems behind it A second currency trader has been jailed for his role in a multi-million dollar foreign exchange scandal at National Australia Bank.
MELBOURNE: National Australia Bank declined to comment on a report it could take a stake in China's Minsheng Banking Corp, but analysts said any move would be at odds with recent statements to the market.
A former National Australia Bank trader should be jailed for his part in the bank's $326 million rogue trading scandal, despite being the least culpable, prosecutors say.
www.topix.net /com/nab   (687 words)

  
 National Australia Bank (NAB) - moneymanager.com.au
National Australia Bank has shown tremendous growth over the past 20 years, but there have been some large price swings over the past five years.
National bought MLC from Lend Lease in June 2000, the Commonwealth Bank bought Colonial the same year, and Westpac has bought BT from the US Principal Group.
All banks have proven abilities in making money from taking no risks in lending for property but they have not proved their abilities to take risks with funds under management in the financial markets, where the risks of capital losses are large.
moneymanager.smh.com.au /articles/2003/11/26/1069522638410.html   (480 words)

  
 RTE Business - National Australia Bank's H1 profits fall
National Australia Bank has posted a smaller-than-expected 12.5% fall in first-half profit on costs cutting as it details plans to slash 2,500 jobs.
Australia's biggest bank by assets, which already plans to cut 1,700 jobs in Britain to rein in costs after selling its two Irish banks - National Irish Bank and Northern Bank - said it expected 'acceptable earnings growth' in the second half, but still below that of its major peers.
NAB owns Clydesdale Bank and Yorkshire Bank in Britain and is expanding into the populous southeast England to focus on wealthy people and small-to medium-sized companies.
www.rte.ie /business/2005/0511/nab.html   (349 words)

  
 National Australia Bank Comes Under Heavy Criticism
The APRA report accuses National Australia Bank of turning a blind eye to standard risk management procedures.
The body that oversees Australia's banking standards has issued a scathing report criticizing National Australia Bank.
The move is aimed at cooling inflation fears in China's rapidly expanding economy by offsetting the amount of bank lending.
www.voanews.com /article.cfm?objectID=11CA8708-F416-41D3-9363429ADC37D027   (306 words)

  
 National Australia Bank Wins International Financial Services Company of the Year Award
National Australia Bank Limited (NAB) is Australia's largest financial service institution, providing a comprehensive range of financial products and services to consumers, businesses, community organizations and governments.
National Leads is used to filter and track the bank's 2.7 million daily transactions to identify opportunities to service its customers better.
NAB outdid the international competition to win the award for its National Leads customer relationship management (CRM) system, which it developed in conjunction with Teradata, a division of NCR Corporation (NYSE: NCR).
www.teradata.com /t/page/147353   (719 words)

  
 National Australia Bank Branch Closures - 09/04/2002 - URG MOT
The National Australia Bank [NAB] is a disgrace.
The National Australia Bank's decision is tantamount to economic vandalism in country New South Wales.
Australia's largest bank, and one of the world's top 100, is making millions of dollars in fees and charges, but it intends to force its loyal customers to use post offices, automated teller machines [ATMs] or branches in other country towns.
www.parliament.nsw.gov.au /prod/parlment/hansart.nsf/V3Key/LA20020409025   (5492 words)

  
 Bloomberg.com: Australia & New Zealand
National Australia, in the middle of a three-year recovery plan since Stewart took charge in February 2004, will more than double investment in its domestic businesses to A$1.8 billion over three years, the bank said in September.
If margin pressure in the domestic banking business in the second half is larger than 5 basis points, ``this may provide some indication that National Australia has been pricing aggressively to win share,'' Jeff Emmanuel, an analyst at UBS AG, said in a report before the result.
Analysts will focus on the bank's interest margin, which measures the profitability of loans, after it slumped 21 basis points in the first half from a year earlier to 2.19 percent as rivalry increased and National Australia sold cheaper loans and paid higher interest on deposits.
www.bloomberg.com /apps/news?pid=10000081&sid=a_2BuDar5deA&refer=australia   (843 words)

  
 National australia bank - National Australia Bank - Wikipedia, the free encyclopedia
National Australia Bank Ltd. is one of the 11000 companies and 25000 brands for which Transnationale and Co. provides social, financial and environmental
The National Australia Bank is a massive supporter of Australian rules football, External links.
National Australia Bank (NAB) is an international financial services organisation These regions include the retail bank brands, National Australia Bank
distributor.searchalso.com /sas/distributor-national-australia-bank.htm   (271 words)

  
 apcmag.com: National Australia Bank Internet Banking
National Australia Bank's Internet Banking service is one of only two we reviewed that requires a Java-based software download in order to use its services.
These privileges may be necessary to run National Internet Banking, but because it reverts to the default warning messages, it's more than a little daunting.
Fees and charges are as per the bank's standard rules for electronic transactions, so depending on your account type, you might pay about 50 cents a transaction, once you've reached your free transaction limit.
www.apcmag.com /apc/v3.nsf/0/022D5FD66B15FAEBCA256D4400202617   (458 words)

  
 ABC Asia Pacific - News - National Australia Bank plans to shed 4,000 jobs worldwide
The National Australia Bank (NAB) announced a half-year net profit of US$1.96 billion earlier in the day, but that figure was inflated by the sale of its Irish banks.
The National Australia Bank says it has been forced to cut more than 4,000 jobs from its Australian, Asian and British workforce.
National Australia Bank plans to shed 4,000 jobs worldwide
abcasiapacific.com /news/stories/asiapacific_stories_1366381.htm   (285 words)

  
 Business Asia: NAB counts on 'Net banking - National Australia Bank launches National Internet Banking
National Australia Bank (NAB) has joined the electronic banking revolution via the launch of National Internet Banking.
It would enable customers to transfer funds to accounts at other banks by simply typing in the account number.
The development process included an exhaustive security audit by teams of experts from Deloitte Touche Tohmatsu in Australia and the United States.
www.findarticles.com /p/articles/mi_m0BJT/is_9_7/ai_55143015   (309 words)

  
 Radio Australia - News - National Australia Bank plans to shed 2,500 jobs in Australia
The National Australia Bank plans to shed 2,500 jobs in Australia as part of a major restructure.
The bank has not confirmed when the job cuts in Australia will begin.
Our reporter, Jamelle Wells, says that the job cuts are part of a plan to slash the banks workforce worldwide by 10.5 per cent, in a bid to reduce costs.
www.bananasinpyjamas.com /ra/news/stories/s1365160.htm   (248 words)

  
 The National Australia Bank's Irish problem
The Northern which is owned by the National Australia Bank, was the subject to the world's largest bank robbery just four days before Christmas, the daring heist included a kidnapping but it raises serious questions again about the management systems at Australia's largest bank.
That the National Australia Bank's security systems failed and that the theft and the accusations against the IRA have set back the peace process in Northern Ireland.
And this is not the National Australia Bank's first experience of a kidnapping leading to a robbery.
businesssunday.ninemsn.com.au /article.aspx?id=37143   (1493 words)

  
 Washington Mutual Inc. buying Assets of HomeSide Lending Inc. from National Australia Bank Ltd.
National Australia Bank will retain its financial interest in the mortgage-servicing rights, with Washington Mutual stepping in as the subservicer for the $187.4B portfolio.
Washington Mutual Inc. (WM) buying Assets of HomeSide Lending Inc. from National Australia Bank Ltd.
HomeSide last swapped hands in 1998 when National Australia Bank bought it for $1.2B cash.
www.snl.com /financial_svc/manda/20011211sl.asp   (602 words)

  
 National Australia Bank Internet Banking Problems - Opera - Andrew Gregory's Web Pages
The National Australia Bank's (NAB) Internet Banking facility does not like Opera.
When the bank updated their main site in 2004, they also updated their menu script, from the v4 that refused to work with Opera, to the v5 script that works perfectly.
The Internet Banking web site also uses a primitive browser sniffer to block browsers the bank considers to be incompatible.
www.scss.com.au /family/andrew/opera/nabib   (1473 words)

  
 Welcome to the National Australia Bank Group Web Site - The National Australia Bank Group - NABGroup
The National Australia Bank released its Notice of Annual General Meeting on 12 December 2005.
The National Australia Bank paid its dividend on 19 December 2005:
The National Australia Bank launched its  Corporate Social Responsibility Report 2005 on 12 December.
www.nabgroup.com   (257 words)

  
 Business Wire: National Australia Bank Launches Retail Internet Banking Product Developed by FICS
National Australia Bank also chose to implement the use of a digital certificate stored on the clients hard drive.
National Australia Bank's product is the first Internet banking product on the Australian market to be developed in the Java programming language.
Another security feature of the National Australia Bank project is the use of `floating keypads': these are windows containing numbers which appear on the screen.
www.findarticles.com /p/articles/mi_m0EIN/is_1998_July_17/ai_20916502   (1257 words)

  
 National Australia Bank Joins UNEP Finance Initiative
On 10 December 2002, the Deputy Premier and EPA's Minister John Thwaites joined National Australia Bank's CEO Frank Cicutto at a signing ceremony to mark the National becoming a member of the United Nations Environment Programme Finance Initiative (UNEP FI).
The National joined signatories worldwide who have committed to the program that ensures they regard sustainable development as a fundamental aspect of sound business management.
"Having Australia's largest financial institution on board is a really positive sign and sends a strong message to corporate Australia about the value of sustainability," EPA Chairman Mick Bourke said.
www.epa.vic.gov.au /Programs/UNEP/nab.asp   (207 words)

  
 National Australia bank - moneymanager.com.au
The National Australia Bank, as the dominant player in the sector, was always going to enjoy a higher share price when the market began to recover in a response to the decision by the US to go to war in Iraq.
The bank was pushing offshore and HomeSide seemed a logical acquisition.
It was 1997 and the bank, under the leadership of Don Argus, acquired the mortgage service provider for $US1.2 billion ($A2 billion).
moneymanager.smh.com.au /articles/2003/04/14/1050172507626.html   (907 words)

  
 Federal Court declares National Australia Bank acted unconscionably
A year later, NAB demanded payment of the company's debts to the bank secured by the guarantee.
"Banks and other financial institutions which obtain guarantees from individuals to meet the debts of others should ensure that the person giving the guarantee understands its terms and effects".
The ACCC alleged that when NAB sought Mrs Ashton's guarantee, it did not explain the nature or effect of the guarantee, or advise her that she should obtain independent legal advice.
www.accc.gov.au /content/index.phtml/itemId/88110   (1217 words)

  
 National Bank Of Singapore - Offshore Investments, Offshore Banking
An offshore bank is a bank located outside the country of residence of is monitored by supra-national bodies such as the Kitts and Nevis Singapore Switzerland Turks and Caicos
commercial banks, and 47 offshore banks at the end of 2004 and are not accorded national treatment.
Mumbai, Jan. 25 (PTI): Bank of Baroda is to set up an offshore branch in Singapore, open another branch in Houston (Texas) in the US and representative office in Thailand as part of plans to expand business overseas.
www.offshore-resources.net /nationalbankofsingapore.htm   (397 words)

  
 National Australia Bank halfway in restructuring Australian operations - Forbes.com
SYDNEY (AFX) - National Australia Bank Ltd is halfway through a three year plan to restructure its Australian operations, the bank's chief executive of Australian operations, Ahmed Fahour, said in a statement ahead of a briefing on the restructuring by Australia's largest bank.
Fahour, a former Citigroup Australia chief executive, was appointed to the newly created position as head of Australian operations in August last year to oversee the restructuring process ordered by chief executive John Stewart.
'We will 'right-source' to ensure functions are performed in-house or externally in Australia or overseas as appropriate and this will mean another 1,000 job reductions over the next two years, as announced in May,' he said.
www.forbes.com /finance/feeds/afx/2005/09/27/afx2247875.html   (758 words)

  
 Australia - welcome to National Australia Bank
National Australia Bank ended a tumultuous year by reporting a 19.7 percent drop in net profit in the aftermath of a foreign exchange trading scandal that rocked the countrys biggest lender.
National Australia Bank is an international financial services group providing a comprehensive and integrated range of financial services across four continents and 15 countries.
National Australia Bank has announced the sale of its strategic stakes in St George Bank, AMP Limited and HHG Plc. The company said it had raised A$993.2 million from the sale.
www.djdaustralia.com /nationalaustraliabank   (1775 words)

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