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The Latest Breaking News from NAB

Florida TV journalist and girl, 9, killed near scene of earlier fatal shooting

The girl's mother and a TV crew member were critically injured.

Axios

Australia to flirt with recession this year, warns NAB

Economists are warning Australia is at a heightened risk of recession in 2023 as the Reserve Bank keeps aggressively raising interest rates, with a per capita recession looking likely.

ABC News

Australia’s housing crisis: how RBA interest rate hikes are pushing families closer to the edge

While some property owners are cashing in on the crisis, many others, such as western Sydney’s Nick Noel, are struggling to explain to their kids why they must tighten the spending belt

The Guardian - AU

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Port of Newcastle confirms its financing is tied to moving away from coal

Conference hears all lending will go 'sustainable' or green

Newcastle Herald

Million households 'vulnerable' to rising interest rates, and their cuts could cause recession

A prominent economist now puts the risk of recession at 50 per cent, as households face the prospect of making substantial spending cuts to meet rising home loan repayments.

ABC News

NAB calls for united front to combat 'spoofing' scams

The National Australia Bank has revealed a 50 per cent drop in "spoofing" as it calls for a more co-ordinated Australian front against scammers.

AAP

Interest rates could peak at 4.1% amid sinking consumer confidence in Australia, says NAB

Major bank believes business conditions and confidence are improving as it sets cash rate prediction higher than other banks

The Guardian - AU

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Mortgage pain to intensify in 2023 as triple rate-hike looms: NAB economists

Australians must brace for interest rates to rise at least three more times in 2023 as the RBA fights high inflation.

The New Daily

China's economy is recovering — is that a good thing for Australians faced with surging prices?

China's rebounding economy is set to have ramifications for Australia — both good and bad — and could exacerbate our cost-of-living issues.

ABC News

RBA governor faces grilling on 'hawkish' rate hike talk

Reserve Bank governor Philip Lowe will appear before parliamentary committees this week after what's been labelled as a "hawkish" shift for the central bank.

AAP

Parliamentary inquiry into regional banking to be held as branch closures continue

The inquiry will examine the impacts of branch closures on communities, as well as the effectiveness of current data.

ABC News

Parents turn to buy now, pay later schemes to meet Australia’s soaring school costs

Financial hardship support has not kept pace with the rising cost of uniforms, books, stationery and computers, peak body says

The Guardian - AU

New apartments trigger jump in building approvals

A glut of new apartment projects lifted building approvals in December but new house approvals remain subdued, new data shows.

AAP

Adam thought he was starting a new job, until he lost $28,000. What are recruitment scams and how are they targeting job seekers?

It is the scam that preys on the most-vulnerable feeling that job seekers have: hope. Here is what recruitment scams are and how they are targeting job seekers.

ABC News

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ABC News

More reports of bank scams targeting younger generations as teen loses life savings to spoofing

Aurora Casilli lost her life savings in a scam when hackers infiltrated an existing message thread with her bank. She warns others the process seemed legitimate.

ABC News

First Nations entrepreneurs are still fighting 'the white boys club', as major banks try to improve

Major banks and venture capital firms say they want to finance more Indigenous business as this sector grows at a rate higher than the economy, but those from within First Nations enterprise say the finance sector has a lot to improve.

AAP

Bombers apologise to former CEO Thorburn

Essendon have apologised to former NAB boss Andrew Thorburn after he lasted just one day as Bombers chief executive due to his church role.

AAP

Australia's 2023 economic outlook unclear

There are a range of unknowns hanging over Australia's economic fortunes in 2023 but most agree a recession is unlikely.

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AAP

NAB forecasts rocky road to slow growth

Higher inflation, rising interest rates and slower growth are starting to impact businesses and consumers, NAB says.

AAP

NAB sees slower growth in 2023

NAB says higher inflation, rising interest rates and slower growth are starting to impact both businesses and consumers.

AAP

Watchdog legal action on Star casino execs

Current and former Star Entertainment directors and executives are facing millions of dollars in fines for alleged failures of director duties.

AAP

Economy up 0.6 per cent in third quarter

Aggressive interest rate hikes have done little to slow growth in the September quarter, with the economy expanding by 0.6 per cent over the three months.

AAP

NAB fraudster to await sentence in jail

A Sydney woman who defrauded National Australia Bank out of millions of dollars will spend Christmas behind bars as she awaits a sentence hearing next year.

The New Daily

Australians spend billions on Black Friday. Now the pressure is on Australia Post to deliver

Australia's massive spending spree through recent sales means Australia Post will be under pressure to deliver gifts in time for the holidays.

ABC News

ASX falls as share rally fades, economists bake in RBA interest rate rise on Tuesday

The ASX extends losses into the close, as investors take stock following yesterday's Jerome Powell-inspired share market surge and ahead of next week's Reserve Bank meeting.

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