NAB’s 2020 full-year cash profit has tumbled 37% to $3.6 billion as the cost of tackling COVID eats into margins and blows out costs. However, CEO Ross McEwan has told Money News host Brooke Corte he’s confident Australia is set for a business-led recovery with NAB offering its full support. “We’re starting to see the […]

Donald Trump has falsely claimed victory in the tightly contested US election while vowing to seek an intervention from the US Supreme Court. It’s the nightmare scenario Americans – and global markets – feared the most. Speaking with Brooke Corte from Chicago, US Market Expert Scott Shellady says Wall St set for a volatile session. […]

The Reserve Bank has slashed the official cash rate to its lowest ever level, cutting from 0.25 per cent to 0.1 per cent, and promises to keep rates nailed to the floor for the next three years. The Central Bank will also embark on a $100 billion bond-buying program as it seeks to pump cheap […]

Australia Post CEO Christine Holgate has resigned after admitting the optics of rewarding senior staff with luxury Cartier watches failed to pass the pub test. While plenty of critics were quick to admonish Ms Holgate over the purchase, including Prime Minister Scott Morrison, Licensed Post Office Owners across the country say they are devasted. Speaking […]

The government is encouraging ANZ customers to vote with their feet in response to the bank’s new ‘climate test’ for loans. Agriculture Minister David Littleproud has threatened to revoke deposit guarantees in retaliation for demanding customers commit to net zero carbon emissions by 2050. Energy Minister Angus Taylor told Deborah Knight the bank’s new policy […]

The boss of the ANZ has hit back at claims the bank is “virtue signalling” after announcing its new climate change policy that sees the bank stepping away from thermal coal. Australia’s fourth-largest bank says it will no longer finance new coal-fired power plans or thermal coal mines by 2030. It’s also asking its 100 […]