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The Latest Breaking News from NAB

The Federal Court has found that National Australia Bank engaged in unconscionable conduct by overcharging customers in periodic payment fees for several years.

AAP

What changes are banks making to interest rates?

A flurry of banks have passed on interest rate rises to borrowers after the Reserve Bank increased the cash rate by 0.25 percentage points on Tuesday.

ABC News

Corruption claims fly in NAB fraud trial

Corrupt, fraudulent payments were used to court favour with a NAB senior staffer and ensure extended contracts with the Big Four bank, a jury has been told.

AAP

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Big banks begin passing on rate rises

Mortgage holders are bracing for higher repayments in the wake of another 25 basis point rate hike by the Reserve Bank of Australia.

Newcastle Herald

New home lending falls 8.2 pct in Sept

The value of owner-occupier housing loans fell 9.3 per cent in September, with total new loan commitments for housing down 8.2 per cent.

AAP

Banks forecast sharp interest rate hike

Mortgage holders are likely to see repayments jump even higher as the inflation dragon proves harder to slay than expected.

AAP

Australia’s big four banks face shareholder ire over funding fossil fuels

Activist group Market Forces says continued funding of coal, oil and gas is incompatible with net zero commitments

The Guardian - AU

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Essendon v church: how Andrew Thorburn fell from AFL grace

The club thought it was starting the week on a high. It took less than a day for all that to change

The Guardian - AU

Which banks are passing on the interest rates to borrowers? What about savers?

The major lenders were quick to pass on the interest rate rise to mortgage holders, but only certain savers will see the benefits of the Reserve Bank of Australia's latest hike.

ABC News

'Sad' Thorburn hits out after Bombers exit

Andrew Thorburn claims his Christian faith is "unacceptable" to Australians after his dramatic exit as Essendon AFL chief executive after one day in the role.

AAP

Bombers CEO resigns amid church links

New Essendon CEO Andrew Thorburn has resigned a day after the Bombers announced his appointment, due to his position at a controversial church.

AAP

No interest loans on the rise as pandemic and cost of living prices take their toll

When everything went wrong financially for Rosetta Ianchello, a scheme set up by charity Good Shepherd and the National Australia Bank helped her to manage her debt.

ABC News

Koori Knockout final won by Newcastle All Blacks in front of thousands of spectators

The Newcastle All Blacks are crowned men's champions at the 50th Koori Knockout in New South Wales, with several big names from the NRL among the players.

ABC News

Ex-NAB boss Andrew Thorburn appointed Essendon AFL CEO

Andrew Thorburn — who was NAB chief executive from 2014 to 2019 — replaces Xavier Campbell, with the Bombers describing the appointment as a "significant step forward" for the club.

ABC News

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AAP

Ex-NAB boss appointed Essendon CEO

Andrew Thorburn will take over as CEO of Essendon on November 1, joining president Dave Barham and coach Brad Scott as new key appointments.

The New Daily

Monthly mortgage repayments could jump by $1000, as RBA weighs another rate hike

Homeowners with a mortgage of $500,000 could be facing monthly mortgage payment increases of just under $1000 by the end of the year

ABC News

Adelaide man enlists help from former South Australian senator Nick Xenophon after losing $36,000 to scammers

Former South Australian senator Nick Xenophon is preparing legal action against one of Australia's biggest banks, alleging it failed to respond quickly enough to a scam.

The Guardian - AU

Morning mail: huge CEO pay rises, Faruqi considers Hanson complaint, Morrison ministries letters revealed

Thursday: the CEOs of Australia’s top 20 companies got an average 17% pay rise this year. Plus: why a ‘wobbly moon’ may have killed Australian trees

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AAP

Australian jobless rate lifts to 3.5pct

The jobless rate grew to 3.5 per cent in August, lifting from the record low 3.4 per cent figure in July.

The Guardian - AU

CEOs of Australia’s top 20 companies given nine times the pay rise of full-time workers

Australia Institute urges 60% income tax on earnings above $1m a year

ABC News

'Chasm' between weak consumers and booming businesses widens. How and when will it close?

Australian households are feeling "deeply pessimistic", but they are still spending money and business confidence keeps booming.

Belfast Live

Chris Kerr relishing new chapter with Ballymacnab after injury nightmare

Antrim goalkeeper pondered retirement earlier this year before linking up with Armagh side

Belfast Live

Ballymacnab boss Barry Dillon lauds Rory Grugan impact ahead of Cullyhana clash

Holders Clann Éireann and recent winners Crossmaglen and Maghery will be hoping to avoid early exits from the Armagh SFC this weekend

ABC News

Which banks are passing on the latest RBA interest rate rise to mortgage holders? NAB kicked it off, then ANZ and Commonwealth followed suit

On Tuesday, the Reserve Bank of Australia announced it was raising the cash rate to 2.35 per cent. But Australia's big four banks have been slow to respond.

AAP

Accused was 'friend and lifestyle funder'

A jailed NAB staffer has told a jury she was comfortable with supporting an alleged fraudster as she received numerous luxury benefits.

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