NAB walks away from ABN Amro takeover
July 22, 2008
National Australia Bank Ltd (NAB) has ditched its plans to buy the local arm of Dutch investment bank ABN Amro, without giving any reasons.
National Australia Bank shares fall 10%
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National Australia Bank announces $830 million in additional provisions, sending its shares down as much as 13%.
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National Australia Bank reports 25.8%...
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NAB stock slumps as it takes A$830m...
National Australia Bank stunned investors yesterday by taking an extra A$830m (£399m) provision against investments backed by US residential mortgages.
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