NAB 0.56% $36.23 national australia bank limited

Ann: Issue of ordinary shares on conversion of NAB Capital Notes, page-2

  1. 1 Posts.
    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?
 
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