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Australian Finance News
International Banks Beat Retreat from Australia Causing Shortfall in Australian Corporate Lending
Major international banks are scaling back their lending to Australian corporations in the wake of the global credit crisis as they retreat to their domestic markets and the Australian Federal Government loan guarantee continues to divide the banking sector.
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Speculation Over Whether NAB Plans To Sell It’s UK Units
A report in The UK’s Sunday Times, suggested that NAB is inclined to sell of both its UK units, Clydesdale and Yorkshire Banks, after the ascension of new NAB Chief Executive Cameron Clyne who took over from predecessor John Stewart on New Year’s Day.
>> Read the full story