Category Archives: National Australia Bank

Taylor Swift: warning over fake tickets as NAB urges punters to be wary of social media scams

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Concern around fake Taylor Swift ticket scams comes as bank reveals $220,000 worth of transactions abandoned daily

National Australia Bank has warned punters to be on the lookout for scams on social media sites claiming to have tickets to high-profile sold-out concerts such as Taylor Swift in the coming months.

The bank said on Thursday that after alert prompts were introduced into its banking app and online banking site in March warning customers they might be scammed, about $220,000 worth of transactions were abandoned a day. These alerts have since been expanded to cover ticket and marketplace scams.

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Australia’s banks likely to reduce lending to regions and sectors at risk of climate change impacts, regulator says

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Apra finds country’s banks may be more vulnerable to economic downturns as they face threefold increase in lending losses

Banks expect to reduce lending to households and businesses in northern Australia and to fossil fuel industries across the country as the risk of losses due to the climate crisis escalates, the industry regulator says.

A new report by the Australian Prudential Regulation Authority (Apra) found climate change could make banks more vulnerable to economic downturns as they face up to a threefold increase in lending losses by 2050, but that the system should be able to absorb the impact.

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Former NAB executive Rosemary Rogers jailed for defrauding bank of millions of dollars

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The former chief of staff to the CEO was motivated by greed, personal gain and self-gratification, prosecutors argued

A former NAB executive who fraudulently enjoyed $5.4m worth of benefits unwittingly paid for by the bank has been jailed for at least four years and nine months.

Rosemary Rogers, 45, became so used to “enjoying the benefits of her fraud” she was unable to stop over a four-year period, acting judge Paul Conlon told the New South Wales district court on Wednesday.

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