What are the chances banks will convert customer deposits in to shares based on bail-in laws?
I asked NAB for $1m in cash withdrawal from bank last week and they initially said yes. 2 hours later they call back and say no.
i asked for 250k per week or even 100k per week, they called back and said no.
sighting “security” as the reason, they offered me cash withdrawals around the 5-20k mark “like I had done the day before”.
Is it odd for a bank to not give you your money? They said it is “outside of normalcy” and “everyone wants cash right now”?
maybe I should buy gold?
Ann: Issue of ordinary shares on conversion of NAB Capital Notes, page-2
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$36.48 |
Change
0.540(1.50%) |
Mkt cap ! $112.5B | |||
| Open | High | Low | Value | Volume |
| $36.33 | $36.59 | $36.26 | $194.8M | 5.397M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | $36.46 |
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| Price($) | Vol. | No. |
|---|---|---|
| $36.48 | 5082 | 1 |
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| NAB (ASX) Chart |