National Australia Bank to acquire Citigroup’s Oz consumer business
National Australia Bank Limited (NAB) has agreed to acquire the Australian consumer business of Citigroup for AUD 1.2 billion ($880 million). Citi’s Australian consumer bank business includes residential mortgages of AUD 7.9 billion, deposits of AUD 9 billion, and unsecured lending of AUD 4.3 billion, which will be transferred to National Australia Bank along with […]