Read the last sentence of the first paragraph: "National Australia Bank today warned of a marked slowdown in growth in Australia in the face of the global credit crunch as it unveiled a 10% fall in cash earnings for the last 12 months to $3.9 billion - a result hit by a sharp increase in bad debts." Join discussion...

National Australia Bank (NAB) will take at least a $400 million hit to its cash earnings spread over the next 10 years from long-term hedges taken to reduce the risk of writedowns associated with its $1.57 billion synthetic collateralised debt obligation (SCDO) portfolio. Join discussion...

NAB may benefit from the US government's slush fund. Join discussion...

It's kind of entertaining to see that banks are now dobbing each other in and airing each other's dirty linen, whether true or false. This has implications on the level of distrust banks have on each other. Would this have a negative implications on the banking system? Join discussion...

More write-downs for NAB? Join discussion...

Following a visit to NAB management, UBS banking analysts estimate the bank may provision for yet more losses from its exposure to collateralised debt obligations (CDOs). Though they are factoring in a further $450 million in provisions this year, they reckon NAB could be in for a hit as big as $1.6 billion. Join discussion...

NATIONAL Australia Bank and ANZ Bank are seen as the two big banks most likely to announce further write-downs to their structured credit exposures -- potentially up to $1 billion each. Join discussion...

This doesn't really fit with the other story I posted on NAB. Anyone got any ideas? "The National Australia Bank (NAB) says it will pass on any Reserve Bank cut in interest rates next month." Join discussion...

The banks are lower on the Australian share market after National Australia Bank's (NAB) warning of continuing funding pressures. Join discussion...

NAB reported a write-down of $830 million of bad debts. Will there be more? Join discussion...