NAB

While home lending “remains a key market”, the major lender will be “tilting towards” its business bank, according to its chief executive.

Confidence in the housing market continued to grow during the third quarter, the major bank’s recent survey has shown.

In the face of ever-increasing competition from fintechs in the buy now, pay later space, NAB has nabbed its share by launching its first BNPL product.

The major bank’s outlook for the housing market continues to foresee households adjusting to higher rates, while the rebound in population growth has drawn stronger housing demand.

A scam attempt almost cost one NAB customer a bundle before it was caught by a Sydney-based business banker.

Data averages are ‘masking’ increased mortgagor stress levels over their home loan debt, a NAB behavioural economist has explained.

New research has found a quarter of consumers believe now is the time to buy a home, while 13 per cent have plans to purchase over the next year.

Around a fifth of consumers who have tightened their belts are using the savings to reduce their home loan debts, new data has revealed.

Helen Mary Rosamond has been sentenced to a total of 15 years’ imprisonment after being found guilty of defrauding NAB of millions in an enterprise “breathtaking in its audacity”.

Over four in 10 home owners are using the equity in their home to get ahead on their mortgages, a NAB survey has found.

The commission is calling for submissions on how NAB’s proposed purchase of Citi’s Australian consumer bank would impact competition.

The government body has slammed the non-bank lender after allegedly partaking in inappropriate lending practices that disadvantaged consumers.

Recent data has detailed the spending habits of Aussies, with younger consumers and families skewing the statistics dramatically.

Latest NAB hardship data has revealed Australians’ cost concerns and workforce changes to suit.

A report shows that while 94 per cent of Australian banks have a sustainability representative on the board, less than two-thirds are actively taking steps to create sustainable outcomes.

A major bank has announced that it has entered into an agreement with Citigroup to acquire its consumer bank in Australia for $1.2 billion.

All four major banks plus Macquarie, Bendigo, Adelaide and ING will pass on last week’s 50-bp rate hike.

Buying a house is viewed as less feasible than starting a business by Millennials, who still aspire to own a home, a new study has found.

The bank’s economists speculate August will see the cash rate reach 0.25 per cent, before gradually hitting pre-pandemic levels by 2022’s end.

The major bank has revised its expectations for future hikes, speculating rates will be 25 bps higher at the tail end of 2022.