National Australia Bank Ltd. (Victoria, Australia) ADR
 (NABZY)

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  • Jun. 6, 2013, 6:50 AM
    National Australia Bank (NABZY.PK) - Oz's largest - and Wells Fargo (WFC) are exploring a joint venture to bring Australian borrowers to the U.S. term loan B (TLB) market, reports Reuters. The TLB market is basically junk bonds, and the lucrative business is currently dominated by global banks such as JPMorgan (JPM) and Bank of America (BAC).
    | Jun. 6, 2013, 6:50 AM | 3 Comments
  • May 20, 2013, 9:47 AM

    UBS' 5 "suspected" asset bubbles: 1) Risk-free rates - specifically Treasurys (TLT), Bunds (BUND, BUNL), JGBs (JGBL, JGBT, JGBD, JGBS) 2) Credit (HYG, JNK) 3) Real estate in Asia (WPS) 4) Certain EM equity markets (EIDO, IDXJ, EPHE, THD, EWW) 5) Australian banks (WBK, NABZY.PK, ANZBY.PK, CMWAY.PK).

    | May 20, 2013, 9:47 AM
  • May 31, 2012, 7:43 AM
    A comment from Australia's top bank regulator that the country's lenders have enough funding for months may be meant to reassure, writes Cynthia Koons, but it's like an airplane pilot saying he has enough fuel for a few more hours. Aussie banks are unusually dependent on overseas funding, and are thus impacted directly by EU stress. WBC +1.5% YTD.
    | May 31, 2012, 7:43 AM
  • Apr. 18, 2012, 3:01 PM

    Might Genworth's (GNW -21%) delay of its Australian mortgage insurance business IPO be ringing a bell for the Oz property market? The company cites deteriorating market conditions in the Aussie mortgage market "as lenders accelerated the processing of late-stage delinquencies ... at a higher rate and severity than expected." Westpac WBK -1%.

    | Apr. 18, 2012, 3:01 PM | 1 Comment
  • Jan. 31, 2012, 7:17 AM

    Australia's major banks - needing to raise $100B in 2012, dealing with a reversal in the country's bubbly property market, and facing an economy gasping for air in all but the mining sector - have been put on negative ratings watch by Fitch. The good news is the RBA's 4.25% benchmark rate - there's a lot of room for funding costs to decline.

    | Jan. 31, 2012, 7:17 AM
  • Sep. 20, 2011, 12:39 PM
    National Australia Bank (NABZY.PK) is selling. Are we buying? The lender is attempting to raise $767M by selling a greenback-based tranche of paper backed by mortgages from one of the world's frothiest (and rolling over) housing markets.
    | Sep. 20, 2011, 12:39 PM
  • May 24, 2011, 12:24 PM

    National Australia Bank (NABZY.PK) rides the wave of bubbly farmland values at home and in the States. Since purchasing South Dakota's Great Western Bank in 2008, NAB has doubled the loan book and nearly tripled profits at the former sleepy credit union-like lender.

    | May 24, 2011, 12:24 PM
  • May 24, 2011, 6:09 AM
    As anticipated, Moody's places 14 U.K. banks on review for possible downgrade, including RBS (RBS), Lloyds (LYG), and the U.K. units of Santander (STD), Bank of Ireland (IRE) and National Australia Bank (NABZY.PK). Moody's changes its outlook on Barclays (BCS) to negative from stable, and reaffirms HSBC's (HBC) negative outlook.
    | May 24, 2011, 6:09 AM
  • May 23, 2011, 5:25 PM
    Last week's downgrade of Australia's banks has put a bullseye on their back for hedge funds to shoot at, says a fund manager. "If (they) target one bank from the short side, it will be Westpac (WBK -4.3%). Off 15.7% in the last month, Westpac's shares are still 22.5% higher Y/Y.
    | May 23, 2011, 5:25 PM
  • May 18, 2011, 7:13 AM
    Moody's downgrades Australia's four major banks, saying they are too reliant on overseas funding. "The GFC has underlined the speed with which shifts in investor confidence can impact bank funding." Bank shares are unaffected, but the aussie is lower, -0.3%, despite a "risk on" day.
    | May 18, 2011, 7:13 AM
  • May 16, 2011, 4:39 PM

    The downturn in Australia's housing market has real estate types researching the U.S. circa 2007 for cliches with which to lure customers. "It's definitely a buyer's market," says an agent as the number of homes available in Melbourne doubles while the pace of sales drops. "We are likely to see considerable price falls," counters a research group.

    | May 16, 2011, 4:39 PM | 3 Comments
  • May 3, 2011, 7:27 AM
    Australia begins to say "uncle" to the continued surge in its currency, as chatter begins regarding intervention. "We're seeing the worst trading conditions experienced in the last 30 years," says the head of a tourism council. Shares -0.85% last night, down nearly 5% the last 3 weeks. Aussie -0.6%.
    | May 3, 2011, 7:27 AM
  • Apr. 19, 2011, 11:08 AM

    In order to get borrowers into mortgages, Australian banks have been plugging cost of living assumptions well below the poverty level into their qualification models. It's not quite NINJA, but the practice would make New Century proud.

    | Apr. 19, 2011, 11:08 AM | 5 Comments
  • Apr. 13, 2011, 12:13 PM

    Cracks being to emerge in one of the planet's frothier real estate markets as Australia sees isolated (thus far) areas of weakness. Queensland's Sunshine and Gold Coasts are seeing a sharp slowdown in sales, falling prices and plenty of inventory. Nationwide, prices are still holding onto the flat line.

    | Apr. 13, 2011, 12:13 PM | 1 Comment
  • Feb. 16, 2011, 7:22 AM
    Moody's places Australia's 4 largest banks on review for possible downgrade, worried about their reliance on overseas funding and noting the speed at which investor confidence can shift. Share prices are unaffected, all rising in Sydney. ADRs: WBK, NABZY.PK, ANZBY.PK, CBAUF.PK.
    | Feb. 16, 2011, 7:22 AM | 1 Comment
  • Feb. 10, 2011, 7:53 AM

    A series of rate increases, epic cyclones, and biblical flooding are doing wonders for Australian shares, which closed at levels not seen since April. Strength in mining stocks combined with surprisingly good results from the banking sector power the most recent move. ETFs: EWA, KROO.

    | Feb. 10, 2011, 7:53 AM
Company Description
National Australia Bank is engaged in the provision of banking services, credit and access card facilities, leasing, housing and general finance, international banking, investment banking, wealth management, funds management, life insurance, and custodian, trustee and nominee services. As of... More
Sector: Financial
Country: Australia