National Australia Bank Stock News

NATIONAL AUSTRALIA BANK LIMITED (ASX:NAB) shares reversed sharply lower after an initially positive response to plans to cut up to 2,500 jobs gave way to concerns the bank may be preparing for softer business conditions and pressure on future earnings. NAB shares opened around 1% higher at a two-month high of $40.29 as investors initially welcomed the cost-cutting program, before falling as muc...

National Australia Bank said ‌on Tuesday it will cut up to 2,500 jobs, or about 6% of its workforce, in 2027, in a bid to simplify its operations while grappling with a more challenging outlook for ​credit growth.