BoQ pulls back $75m from rainy-day fund as outlook improves

Bank of Queensland is likely to reduce regulatory provisioning by about $75 million on the basis of an improved economic outlook.

Covid carnage spreads to NAB as profits dive by 46 per cent

The National Australia Bank’s profit has plunged 46 per cent to $2.5 billion, as it joined the other major banks in putting a disastrous 2020 behind it.