NAB to offload US GWB business

By Mitchell Neems

NAB chief executive officer Andrew Thorburn said selling GWB was consistent with the group's strategy to focus on its core franchises in Australia and New Zealand. "We have been clear that our strategic direction is to concentrate on building a stronger core Australian and New Zealand business and improving the experience for our customers," he said. "The IPO of the US-based Great Western Bank provides us with the opportunity to further focus our attention on our core business.

Read more here: Business Spectator

    

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