THE DISTILLERY: NAB's British scapegoat

Jotters deliver mixed appraisals of National Australia Bank's interim results, with some saying it can't blame shortfalls on its UK assets alone.

National Australia Bank's earnings may have been roughly in line with forecasts, but there's a wide divergence of views among the commentariat on the matter. This morning the bank is variously portrayed as a laggard, a shining light and a victim of international economic weakness.

Fairfax's Malcolm Maiden sums it up rather succinctly.

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