NAB opens bubbly with Great Western

NAB’s minor US takeover means Australia’s big four are heading to all points of the compass.

On the surface NAB’s $800 million US acquisition is a minor takeover, with little effect on earnings. But it’s actually a huge development in Australian banking and means the big four banks are all headed in different directions. And for NAB it means taking on the biggest rural bank in the world, Rabobank. Tougher again, the battle will not be on the NAB’s home turf, but in a country where it failed in its last takeover.


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