NAB 2.07% $36.95 national australia bank limited

nab to take 400ml hit over cdo writedowns, page-15

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    the US acquisition was a small bank that deal in the agriculture banking sector and if my memory is correct, it had about 10 or so branches. It was a very very small acquisition in a strategic area. Remember, the US governemnet gives its farmers massive subsidies and NAB likes this fact.
 
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