NAB is a step closer to offloading its British burden

NAB chief executive Andrew Thorburn knows he needs to end the bank's troublesome exposure to its UK assets, but costly conduct provisions could make it hard for a clean UK exit.

National Australia Bank’s UK banking exposures might remain a blight on the group’s operations, but at least they are a shrinking blight.

Earlier this year, Cameron Clyne’s last significant act as chief executive was to announce the sale of a $1.1 billion portfolio of non-performing UK commercial property loans to an affiliate of Cerberus Global Investors.


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