THE DISTILLERY: Clyne's cumbersome Clydesdale

Jotters praise Cameron Clyne while bemoaning NAB's struggling UK arm, with some frustrated by David Thodey's lack of detail.

Australia’s business commentators reserve almost universal respect for National Australia Bank chief executive Cameron Clyne. But they still don’t have a particularly good story to tell about his bank.

The UK operations are a drag on NAB’s results and the market simply won’t let them exit Clydesdale Bank and Yorkshire Bank without paying an enormous price for it.

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