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National Australia Bank Limited (NAUBF)
- Reuters
Aussie lender NAB reports lower profit but hints bank margin squeeze is easing
(Reuters) -National Australia Bank posted a double-digit drop in first-half earnings on Thursday but talked up the strength of the economy and said a margin-crunching struggle for the vital home loan market showed signs of easing. The first of Australia's big four banks to front up to investors this reporting season, NAB's results were closely watched for signs that the squeeze on profits from tough mortgage and deposit competition is coming to an end. Cash earnings for the six months ended March 31 fell 13% versus a year earlier to A$3.55 billion ($2.32 billion) as costs for the nation's second-biggest mortgage lender rose and competition tightened margins.
- FX Empire
Global Interest Rate Decisions: A Week of Central Bank Action (or Inaction)
Buckle up for a week of central bank action! (or rather inaction, as no changes are expected by most market participants).
- Insider Monkey
20 Biggest Financial and Banking Companies in Australia, 2024
In this article, we will look into the 20 biggest financial and banking companies in Australia in 2024. If you want to skip our detailed analysis, you can go directly to the 5 Biggest Financial and Banking Companies in Australia, 2024. Australian Economy and the Financial Sector According to the IMF, Australia boasts a GDP […]
