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The Latest Breaking News from NAB

Australians are losing billions in scams and there are calls for banks to pay them back

Sylvia Chou was looking forward to a comfortable retirement before she fell victim to an online investment scam, that she said her bank NAB should have stopped.

ABC News

Pakistan: PTI's Billion Tree Project hit by claims of corruption

Initiated by Pakistan Tehreek-e-Insaf (PTI), the Billion Tree Project in Khyber Pakhtunkhwa has been hit by the provincial government's corruption and failure, according to reports. Read more on Dynamite News:

Dynamite News

Fraud trial jury told of anonymous letter

An alleged NAB fraudster had nothing to do with the recruitment of ex-premier Mike Baird except for greeting him at hotel meeting, jury told

AAP

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Ex-NAB CEO denies bonuses in fraud trail

A former NAB CEO has said he did not allow travel and hotels as staff bonuses as he gave evidence in a trial against accused fraudster Helen Rosamond.

AAP

Assault after kiss, fraud case jury told

The ex-husband of an alleged bank fraudster has told a jury he signed over companies to her after assaulting her and his best friend after seeing them kiss.

AAP

Alleged fraudster was a success, jury told

The ex-husband of a woman accused of defrauding NAB of millions of dollars has told a jury she was a success story managing projects around the world.

AAP

The regional areas proving a hit with first-home buyers

New data from NAB has revealed the regional locations proving popular with first-time buyers.

The Canberra Times

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Fraud-accused exec points finger at friend

A Sydney executive accused of helping siphon millions of dollars out of NAB to go on lavish trips, vehicles and a home disputes the scheme was all her idea.

AAP

Stolen NAB millions used as bribes: crown

A Sydney executive is on trial in Sydney accused of using stolen money to pay for a series of lavish gifts and bribes, including a $620,000 holiday.

AAP

Michael Pascoe: RBA jawbone has done its job with consumers

Consumer sentiment normally has a political bias – voters for the government of the day survey more optimistically than those supporting the opposition.

The New Daily

Business confidence rises with strong profits, but consumers are getting more pessimistic

Business confidence has risen, but consumer confidence is still deteriorating and economists warn it could be a sign of things to come.

ABC News

CBA, ANZ, Westpac and NAB lift interest rates after two days of 'radio silence'

After two days of silence, Commonwealth Bank was the first of the "big four" banks to lift interest rates on its variable mortgages by 0.5 percentage points — in an uncharacteristically slow response to the Reserve Bank's rate hike on Tuesday.

ABC News

Unemployment rate hit 48-year low in June

Economists are using words like "stunning" and "staggering" after Australia's unemployment rate fell to 3.5 per cent in June, the lowest rate since August 1974.

AAP

The Loop: Daniel Johns avoids jail, cargo ship crew rescued, Boris Johnson faces leadership questions, banks pass on rate rise

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ABC News

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ABC News

Record high business costs pushing up prices, eroding operator and consumer confidence

Small businesses are struggling with record high costs while trying to remain competitive, as consumer confidence falls in response to inflation and rising interest rates.

The New Daily

‘Fear factor’: Property outlook sours as banks predict record price plunge

Australians must brace for the worst housing downturn on record as rising rates and recession fears affect the property market, according to major banks.

ABC News

Commonwealth Bank, ANZ, Westpac, NAB to raise variable mortgage rates by 0.25 per cent after RBA rate hike

All of Australia's biggest banks have lifted mortgage rates, matching the Reserve Bank's 25-basis-point increase.

The New Daily

Revealed: How Australians are cutting back as the cost-of-living crisis bites

The worst cost-of-living squeeze in two decades is pushing Australians to make some major changes to their spending habits, a new report reveals.

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news in one place.

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ABC News

Price spikes continue, with oil up and OECD forecasting highest inflation since 1988

Markets globally are in the red as the world faces continuing inflation and the likelihood it will be tackled with rising interest rates. The ASX finishes down again.

ABC News

The Loop: High Court rules on citizenship, banks pass on rates rise, and why lettuce is so pricey

Here's your TL;DR for today's news.

ABC News

Banks crack down on high debt-to-income home loans as regulator APRA comes knocking

Two of Australia's biggest banks are moving to curb high-risk home lending, as the regulator reveals it has been warning some institutions to cut back on risky loans.

The Guardian - AU

NAB to introduce buy now, pay later product placing further pressure on existing operators

Standalone operators feel burden of rising interest rates and slowing growth as third big Australian bank enters BNPL scene

ABC News

Ziggy the Brisbane bag man's mission to access his money in the bank puts spotlight on homeless struggle

Ziggy has lived in parks around Brisbane's western suburbs for years and usually likes to keep to himself. But recently his friends reached out to help him with a big problem.

The Hindu

Two tribal women held for possessing drugs in Manipur

NAB team recovers 1 kg of heroin from the two

AAP

Banks eye rate boost but headwinds remain

Australia's four major banks have all reported a squeeze on margins in their latest results, but that is certain to change as interest rates rise.

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