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Further bad-debt strife looms
A SECOND wave of corporate collapses is still causing headaches for the nation's banks even after many declared the worst was behind them on the bad-debt front.
Banks have turned corner: ANZ chief
ANZ has posted an 11 per cent drop in annual profit, but declared the nation's banking system might have turned a corner, with bad debts that have been sapping earnings over the past year finally peaking.
Business: home to bad debts
THE NAB profit result shows that the Australian banks are now operating in a bipolar market. Against all expectations, the global crisis has not spread into a serious rise in defaults on household credit, including home loans, credit cards and personal loans.
No deterioration in credit quality, says NAB, but bad debts could still sting
The NAB profit result shows that the Australian banks are now operating in a bipolar market. Against all expectations, the global crisis has not spread into a serious rise in defaults on household credit, including home loans, credit cards and personal loans.
NAB results leaked in Britain
KEY figures for National Australia Bank's accounts were leaked to the British media days before the release of its annual profit results today.
