DataRoom AM: NAB's poor timing

Despite floating amid the most volatile market in three years, NAB's GWB didn't fare too badly on the first day of trade, while a couple of the big banks are mulling the future of their life insurance divisions.

National Australia Bank may have been forced to price the float of its US subsidiary at a discount to its original plans, but the stock has at least held up well on its first day of trade despite encountering considerable market turbulence.

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