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National Australia Bank Limited (ASX:NAB) has advised it will restructure its UK operations in an effort to lift its earnings.
The bank reported a first half loss for its UK banking arm and resolved to down-size the UK franchise.
The main changes include 1400 job redundancies and the closure of six offices.
The bank intends to take a focus toward retail and small business banking.
NAB posted a net profit of $5.2 billion in the 2011 financial year.
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Last
$43.79 |
Change
0.430(0.99%) |
Mkt cap ! $134.1B | |||
| Open | High | Low | Value | Volume |
| $43.43 | $43.90 | $43.34 | $519.6M | 12.19M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2500 | $43.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.83 | 902 | 1 |
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| Last trade - 16.10pm 19/09/2025 (20 minute delay) ? |
| NAB (ASX) Chart |