National Australia Bank Ltd (NAL.HM)
- Bloomberg
Yen Rebounds After Weakening to Level of Suspected Intervention
(Bloomberg) -- The yen rebounded after falling through a level that prompted the latest round of suspected action by Japan to prop up the currency.Most Read from BloombergWorld’s Largest Nuclear Plant Sits Idle While Energy Needs Soar‘Not Gonna Be Pretty:’ Covid-Era Homebuyers Face Huge Rate JumpWarning Signals Are Flashing for Homeowners in Texas and FloridaInsurers Sink as UnitedHealth Sees ‘Disturbance’ in MedicaidAmerican Air Fired Commercial Head After Sales Strategy Alienated Corporate Cli
- 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.
- 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 […]
