National Australia Bank signage is seen at a branch in Adelaide. Photo: AAP / David Mariuz

Business

NAB to spend extra $525 million compensating "poorly treated" customers

National Australia Bank says it will spend another half a billion dollars to compensate aggrieved customers, while boosting the number of staff dealing with the issue to 500 .

Business

Westpac to spend $260m extra compensating customers

Westpac will spend another $260 million to compensate customers affected by its “errors”, taking its total remediation payments so far to $659 million.

News

Former NAB boss's staffer arrested over fraud

The former chief of staff to ex-NAB boss Andrew Thorburn has been arrested over a $40 million fraud against the bank.

Business

Comm Bank's profit falls with property market

Commonwealth Bank’s first-half cash profit has fallen 2.1 per cent to $4.676 billion, weighed down by Australia’s slowing property markets.

Business

NAB sets aside $314m to compensate "let down" customers

The National Australia Bank is setting aside $314 million for customer remediation programs, becoming the latest big bank to take a big profit hit due to compensation.