Wei ZhangFinance
National Australia Bank to Cut 2,500 Jobs as Lending Slows
A pre-tax restructuring charge of A$300 million in 2027 will cover redundancy costs as Australia’s largest business lender trims 6 percent of its staff.
Tag
NAB
Every story tagged NAB on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.
Stories tagged NAB
3 stories in this topic
Sarah ChenFinance
Watchdog Greenlights NAB’s Citi Acquisition in Australia
The acquisition «would not substantially lessen competition,» the Australian Competition and Consumer Commission (ACCC) said on Thursday. The competition watchdog in Australia will not oppose the proposed acquisition of Citigroup Australia’s consumer business…
Minjun ParkFinance
NAB in Talks to Buy Citi’s Australia Consumer Unit
The National Bank of Australia is the latest to join the hunt for Citi’s retail assets after it announced plans for a major consumer downsizing earlier this year. NAB is in talks to potentially but Citi’s consumer business in Australia, according to an…