National Australia Bank Ltd
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Handful of large companies are driving the record-breaking share market rally
If you look at the solid share market rallies in both Australia and the United States, one factor really stands out. Both rises have been powered by a small number of shares that have really taken off – Nvidia and the rest of the tech giants in the US market and Commonwealth Bank (ASX: CBA) […]
Citi downgrades Australia’s big four banks on lower rate cut expectations and valuation concerns
Global investment bank Citi downgraded its recommendations for ANZ (ASX: ANZ), Commonwealth Bank of Australia (ASX: CBA), National Australia Bank (ASX: NAB) and Westpac (ASX: WBC) this week after diminishing rate cut expectations exposed significant downside risks. It said any chance of a cut was progressively being pushed out, leaving banks exposed to poor earnings […]
NAB names Andrew Irvine as new CEO, bringing global experience to Australian banking
National Australia Bank (ASX: NAB) has announced that banking executive Andrew Irvine will assume the role of group chief executive officer and managing director in April. A British-Canadian dual citizen, Mr Irvine holds a bachelor of science (hons) in business management and commerce from King’s College London and a master of business administration from Western […]
Australia’s big banks eyeing investments in critical minerals
As Australia’s bankers cast a concerned eye over the nation’s mortgage market in the face of the Reserve Bank’s ever rising interest rate strategy, there appears to be a turnaround in their feelings about backing the country’s mining industry – and critical minerals in particular. Australia’s bankers have been singled out over the past year […]