Dispatches: NAB records quarterly earnings of $1.1bn

National Australia Bank has recorded quarterly cash earnings of $1.1 billion, in line with the quarterly average of the first half, as personal and business lending grew. (Sydney Morning Herald)

NAB is confident its $13.3bn bid to buy Axa will be rescued with a deal to sell a contentious retail platform to a rival. It confirmed yesterday it would offload the North retail platform to IOOF Holdings in a transaction estimated to be worth just $5m. (The Australian)

The chief executive of Bendigo and Adelaide Bank has warned fallout from the global crisis is still affecting the domestic banking industry. The warning came despite the regional bank lifting profit by 60 per cent. (The Australian)

Aligning its banking and wealth distribution channels is one of BT Financial Group's key strategic growth priorities, according to its chief executive, Brad Cooper. (Money Management)