NAB to cut 2,500 roles in restructure amid economic turbulence

National Australia Bank will eliminate up to 2,500 roles by the end of the 2027 financial year, represent 6 per cent of the bank’s total workforce. National Australia Bank will cut up to 2,500 roles in an internal restructure it says will help it cope with a tough economy and rapid technological change. NAB expects […]

RBA hikes cash rate by 25 basis points to highest level in 15 years

The economy is slowing but inflation remains persistent, the Reserve Bank of Australia stated today. The cash rate is now 4.60 per cent, the highest since 2011. Mortgages are about to become even more expensive, the RBA announced today as it bumped the cash rate 25 basis points to 4.60 per cent – the highest […]