NAB national australia bank limited

it's official. the axa deal is dead

  1. 293 Posts.
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    Although we are disappointed with the decision of the ACCC we have a strong position through MLC and NABs other wealth management businesses. NAB remains very committed to participating in the wealth management industry which is an important part of the banks future," NAB chief executive Cameron Clyne said in a statement.

    "However, considering all the options, continuing with this agreement is not in the best interests of shareholders.

    That begs the question, if it's not in the interests of shareholders now, why was it put on the table in the first place?
 
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