NAB chief executive Andrew Thorburn and chairman Ken Henry are stepping down, becoming the highest-profile banking casualty of the financial services royal commission.
National Australia Bank chief executive Andrew Thorburn says he is "more determined than ever" to lead the bank despite strong criticism from Kenneth Hayne in his final royal commission report.
The current and former prime ministers agree they waited too long to call the banking royal commission but the treasurer says it's time to look forward, not back.
National Australia Bank is scrapping its overhauled executive pay structure in response to an overwhelming first strike in which more than 80 per cent of shareholders voted against it.
National Australia Bank has cut executive bonuses as it continues its attempt to regain consumer trust amid the fallout of the Financial Services Royal Commission.
Former Business News 40under40 winner Sally Capp has been elected as Melbourne's lord mayor, joining a growing list of past winners who have gone on to bigger things since claiming the award.
National Australia Bank is spinning-off its financial advice and superannuation businesses in a move it says has nothing to do with the "shameful" industry scandals heard by the royal commission.
National Australia Bank's cash earnings have slipped 1 per cent as expenses have risen partly due to the lender's increased spend on infrastructure and job cuts.
National Australia Bank chief executive Andrew Thorburn insists the bank lifted interest-only mortgage rates to meet regulatory requirements, not to make more money.
The new bank levy has opened a Pandora's box that leaves Australia's biggest financial institutions exposed to even higher costs in future, according to a leading industry analyst.
Big banks have warned that customers and shareholders will carry the cost of the federal government's surprise $6.2 billion levy on Australia's largest financial institutions.
National Australia Bank has lifted first-half profit to $3.29 billion while putting more money aside for soured loans amid an impending oversupply of east coast apartments.
National Australia Bank has warned it will continue to face increased funding costs and competition after first-quarter unaudited cash earnings slipped about 1 per cent to $1.6 billion
National Australia Bank has called for greater leadership from government and more collaboration with business to help lift slow economic growth and create jobs.
National Australia Bank has completed the sale of 80 per cent of its life insurance business to Nippon Life, and expects a loss of between $1.2 billion and $1.3 billion on the deal.
National Australia Bank chief executive Andrew Thorburn will tell a parliamentary committee that his bank had to balance the needs of borrowers, savers, investors and shareholders when it decided not to pass on in full the Reserve Bank's latest rate cut.
National Australia Bank lifted annual profit to $6.34 billion and confirmed plans to sell its unprofitable UK business and the majority of its life insurance arm.
Former 40under40 winner Andrew Thorburn is set to take the reins at National Australia Bank, following the retirement of long-serving chief executive Cameron Clyne.
