| Frank Cicutto | ||||||
Australia’s largest domestic bank is struggling to establish a place for itself on the world stage. National Australia Bank (NAB) is presently the largest foreign acquirer in the UK domestic market. However its plans for UK expansion have suffered a setback after losses with its US mortgage-servicing subsidiary, HomeSide.
NAB is an experienced acquirer in the UK, with a positive track record. Mike Macrow, bank analyst at Salomon Smith Barney in Melbourne, says: “Their track record has been reasonable in that most of the things they’ve bought are worth a lot more now than their acquisition prices.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
