NAB raising 'not a war chest'

SOME of the National Australia Bank's $2.75 billion capital raising is expected to fund further piecemeal acquisitions but its chief executive, Cameron Clyne, insists the lender is not building a war chest to fund global expansion.

Big Four: $16b bad debts to match profits

THE Big Four banks should avoid the worst of the bad debt excesses of the early 1990s recession but their sour loan write-downs and losses in the current financial year will still be equal to every dollar of profit they make.

Big Four have no shocks in sight

THE Big Four banks are expected to avoid the worst of the bad debt excesses of the early 1990s recession but loan write-downs and losses will still be equal to every dollar of profit they make for the financial year.