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Nab screenshot promoting the bookkeeping subscription

Nab screenshot promoting the bookkeeping subscription

#nationalaustraliabank wants $20 a month for a subscription to "book keeping features"

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National Australia Bank third-quarter cash earnings rise marginally (Reuters) -National Australia Bank reported a slight increase in its cash earnings for the third-quarter on Monday, helped by improved margins and growth in business and home lending. The Reserve Bank of Australia has cut interest rates by 75 basis points so far this year, delivering the latest reduction last week while signalling further easing. The lower interest rate environment has supported bank lending margins, aided by higher lending volumes and improved asset quality. NAB said its net interest margin - a closely-watched measure of bank performance which compares interest payments received on loans minus interest paid out to deposit holders - increased by 8 basis points compared with the quarterly average of the first half. The country’s top business lender posted cash earnings of A$1.77 billion ($1.15 billion) for the quarter ended June 30, compared with A$1.75 billion a year ago. ($1 = 1.5363 Australian dollars) With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.

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National Australia Bank CEO says he just has to weather media coverage of investor complaints By Byron Kaye SYDNEY (Reuters) -National Australia Bank’s chief executive said on Wednesday that he just had to "get through" media coverage of investor complaints about his management style and drinking at customer events. The Australian Financial Review reported on July 15 that at an investor lunch last month, some major investors in the bank had questioned whether Andrew Irvine, CEO since April 2024, should strengthen his leadership skills and curtail his drinking at events. The complaints prompted the board of the country’s biggest business lender and third-largest mortgage provider to increase mentoring and provide more leadership development, the AFR said. NAB’s board has said it stands by Irvine. "I’m not going to beat around the bush, especially when media is quite personal and public: it was hard for me and for my family," Irvine said in his first public remarks since the report. Speaking at a conference held by the Australian Banking Association, an industry body he chairs, Irvine said public figures should expect scrutiny. "I’ve just got to get through it and I plan on doing that", he said, adding that he was energised by a "noble purpose in what we do, helping people navigate their financial lives". The CEO of logistics software company Wisetech Richard White stepped down after allegations about aspects of his personal life, though he has since become the company’s executive chair. Mineral Resources said late last year its billionaire founder, Chris Ellison, would leave within 18 months after an internal probe found he used company resources for his personal benefit and evaded taxes.

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Tell NAB to stop financing the Coastal GasLink pipeline NAB is one of the top banks in Australia and one of the biggest financiers of the Coastal GasLink pipeline. Wet'suwet'en land and water defenders have called on people around the world to petition NAB...

Tell NAB to stop financing the Coastal GasLink pipeline
act.stand.earth/page/36425/p...

#Politics #International #Canada #Climate #Environment #Business #NAB #NationalAustraliaBank #Australia #CoastalGaslinkPipeline #Indigenous #IndigenousRights #Pipelines #Wetsuweten #Petition #SignThePetition

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