National Australia Bank

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National Australia Bank to buy Citigroup Australia consumer unit

Citigroup plans to exit retail banking in 13 markets across Asia and the Europe, Middle East and Africa region.

Broker's Calls

OCBC expected to report solid set of 4Q results, says UOB

SINGAPORE (Jan 17): UOB Kay Hian is maintaining its “buy” call on OCBC with a target price of $14.88 given the bank is expected to report a “solid set of results” for 4Q17.

Update

NAB, Oxley to sell stakes in manager of Cambridge Industrial Trust to e-Shang Redwood

SINGAPORE (Jan 18): e-Shang Redwood is marking its foray into Southeast Asia with the acquisition of an 80% indirect stake in the manager of Cambridge Industrial Trust (CIT) from National Australia Bank and investment firm Oxley Group.

From cars to confectionery: Australia's manufacturers revamp business

SYDNEY (Oct 10): For autoparts maker Brian Hughes, the shock of Australia's car industry closing down could have meant the end of his business. Instead, he reconfigured his facility to make machinery for the booming food and building sectors while bol

Cambridge Industrial Trust to refinance NAB loan facilty

SINGAPORE (Sept 19): The manager of Cambridge Industrial Trust (CIT) says it will be refinancing the loan facility granted by National Australia Bank on Monday.

Cambridge Industrial Trust signs $100 mil unsecured loan facility with HSBC

SINGAPORE (Sept 15): Cambridge Industrial Trust’s manager said on Thursday that the REIT has entered into a $100 million unsecured loan facility with the Hongkong and Shanghai Banking Corporation.
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