National Australia Bank Ltd. said it will ensure no customers suffer financial losses after a nationwide system outage left Internet banking, ATMs and EFTPOS terminals out of service early Saturday.
The event was “incredibly rare” and no personal data was compromised, Cindy Batchelor, NAB Business executive general manager, told reporters in Melbourne, according to a transcript. She said all customers were invited to speak with the bank about the impact on their business.
“Our intention is to work with each and every one of them to make sure they have no financial loss associated with the outage,” she said. If there was a loss driven by the outage, “yes compensation will be provided to customers.”
The outage comes at an awkward time, with Australian banks under pressure from a probe that’s exposed a decade of unethical practices by the lenders, including lying to regulators, falsifying documents and taking bribes to extracting fees from dead customers.
Top Financial Stocks To Watch Right Now: Transdigm Group Incorporated(TDG)
Advisors' Opinion:- [By Shane Hupp]
TransDigm Group (NYSE:TDG) insider Roger Jones sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $323.78, for a total value of $1,618,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
- [By Joseph Griffin]
Astronics (NASDAQ: ATRO) and TransDigm Group (NYSE:TDG) are both aerospace companies, but which is the superior investment? We will compare the two businesses based on the strength of their institutional ownership, earnings, dividends, profitability, risk, valuation and analyst recommendations.
Top Financial Stocks To Watch Right Now: Fiat Chrysler Automobiles N.V.(FCAU)
Advisors' Opinion:- [By Douglas A. McIntyre]
J.D. Power has released its 2018 U.S. Vehicle Dependability Study. Fiat Chrysler Automobiles N.V. (NYSE: FCAU) brands Fiat and Chrysler took two of the bottom three spots, joined by niche SUV brand Range Rover. The Jeep brand ranked fourth worst in the study of 31 brands.
- [By Douglas A. McIntyre]
Fiat Chrysler Automobiles N.V.’s (NYSE: FCAU) Fiat brand posted a year-over-year drop in U.S. sales of 47% to 1,544. For the first three months, sales fell 44% to 4,014. Fiat is not a viable brand in America, and its parent will need to deal with that fact soon.
- [By Paul Ausick]
Among full-size pickup trucks powered by gasoline, the Ford Motor Co. (NYSE: F) F-150 is the reigning champion, with U.S. Environmental Protection Agency (EPA) fuel-economy ratings of 20 miles per gallon in city driving, 26 mpg in highway driving and a combined rating of 22 mpg. General Motors Co. (NYSE: GM) and Fiat Chrysler Automobiles N.V. (NYSE: FCAU) are taking dead aim at those numbers with major improvements to their 2019 full-size pickups.
- [By Garrett Baldwin] U.S. automotive stocks moved higher after China's announcement on lowering vehicle tariffs. Shares of Ford Motor Co.�(NYSE: F), General Motors Co. (NYSE: GM), and Fiat Chrysler Automobiles NV�(Nasdaq: FCAU) all rallied more than 2% in pre-market hours. Markets will be looking for answers in a major shakeup that occurred during the later part of the trading session on Monday. The FBI raided U.S. President Donald Trump's personal lawyer's office in Manhattan. According to NBC News, the FBI is seeking any evidence tied to a $130,000 payment made to porn star Stormy Daniels before the 2016 election. Trump called the raid an "attack on our country." Gold prices popped nearly $2.00 in pre-market hours to $1,342.00 per ounce. Investors remain cautious about ongoing geopolitical tensions around the globe. Even though the United States and China may be on the verge of a major trade breakthrough, geopolitical tensions remain high in the Middle East and in Russia. In fact, Money Morning�Resource Specialist Peter Krauth argues that the current situation is playing out to create a massive profit opportunity for gold investors in the months ahead. See his latest gold price forecast right here. Money Morning Insight of the Day
Money Morning�Director of Technology & Venture Capital Research Michael A. Robinson has brought our readers some of the best ways to make money on technology stocks. But there's always been one company that he's largely avoided over his career… until now. You're not going to believe what U.S. tech firm Michael says will unleash a wave of profits on investors in the future. Find out here.
- [By Logan Wallace]
Fiat Chrysler Automobiles (NYSE:FCAU) shares gapped up prior to trading on Monday . The stock had previously closed at $21.16, but opened at $21.86. Fiat Chrysler Automobiles shares last traded at $22.34, with a volume of 2377765 shares changing hands.
- [By Douglas A. McIntyre]
Fiat Chrysler Automobiles N.V. (NYSE: FCAU) continues its string of poor performances in customer satisfaction ratings from major consumer research firms. Its most recent ratings put its brands at the bottom of the J.D. Power 2018 U.S. Customer Service Index Study. Its Fiat brand was at the very bottom.
Top Financial Stocks To Watch Right Now: Stag Industrial, Inc.(STAG)
Advisors' Opinion:- [By Lee Jackson]
STAG Industrial Inc. (NYSE: STAG) offers investors a 5.8% yield. Share recently traded hands at $24.35 apiece, in a 52-week range of $22.42 to $28.85. The consensus target price is $27.73.
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