The CEO of the big four lender said he has no intention of running the bank "in an ivory tower", amid criticisms of his leadership approach.
National Australia Bank
ASX:NAB
Speaking on stage at the Australian Banking Association conference, Irvine addressed scrutiny over his leadership style and personal conduct.
National Australia Bank's tidy growth narrative is being tested, with leadership churn and chatter around chief executive Andrew Irvine causing investor angst.
NAB is shutting down its long-running mortgage platform Advantedge, prompting backlash from brokers and a major shift for over 50,000 customers.
As the “TACO” trade calms markets, private debt demand is driving down funding costs for smaller lenders like MONEYME amid global volatility.
The former ANZ boss says Australia’s heavy regulation may benefit fintechs — if they can turn compliance into a competitive edge.
Commonwealth Bank CEO Matt Comyn's success in building a strong team inevitably means they will be targeted by rivals, given only one can eventually become chief executive.
NAB’s slightly better-than-expected half-year result and low-risk strategy built on Toyota-style continuous improvement won over investors.
Long-term bank investors seem untroubled by scandals in the industry, whether it be royal commissions, money laundering, management ructions or regulatory penalties.
ANZ announced today that incoming CEO Nuno Matos will start early. He joins at a critical stage for tech transformation in banking, with Westpac and CBA both accelerating their own projects.
The recent flurry of management changes at Australia's big banks feeds into the regulator's desire to have more oversight of board and executive appointments and succession planning.
As the push to harness generative AI continues, Australian banks are turning to AI agents to amplify its benefits — though not all are moving at the same pace.
Australia's biggest banks are increasingly looking outside their own walls to fill the most senior roles. That's not how it's supposed to work.
Westpac has poached National Australia Bank's CFO, triggering a wave of executive changes at a time when NAB is under pressure in business banking.
For more than three decades, NAB has been Australia’s leading business bank. Now, market goliath and retail banking leader CBA is closing in.
Sources told Capital Brief the new arrangements, which were negotiated under tight non-disclosure agreements, would lead to about a 30% increase in costs for lenders.
If HSBC decides to sell its Australian retail business it would offer a high-quality, clean book — just not one to attract a big premium.
