NAB 1.78% $36.94 national australia bank limited

Ann: NAB 2014 First Quarter Trading Update , page-2

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    Compared to the other Big 4, NAB's earnings seem to have been jogging on the spot. UK continues to be a drag. Market may not take too kindly to this:

    Regulators continue to take an active stance in our management of customer claims, including for payment protection insurance and interest rate hedging products. There has also been an increase in the level of complaints and settlements relating to some tailored business loans. Accordingly, the risk that additional provisions will be required for UK conduct related matters has increased since the 2013 Full Year Results and a full assessment of related provisions will be made in the normal course of business as part of the finalisation of the 31 March 2014 half year accounts.
 
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