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AMP AMP Limited

1.135
-0.01 (-0.87%)
22 Jul 2024 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
AMP Limited ASX:AMP Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.01 -0.87% 1.135 1.13 1.14 1.15 1.13 1.145 4,790,068 09:50:00

National Australia Bank CEO: Asessing Options In Relation To RBS Branches

07/04/2010 5:52am

Dow Jones News


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National Australia Bank Ltd. (NAB) Chief Executive Cameron Clyne said Wednesday that the bank is assessing its options in relation to the sale of Royal Bank of Scotland PLC (RBS) branches in the U.K.

Clyne also said he is "confident" that Australia's competition regulator will approve NAB's bid for AXA Asia Pacific Holdings Ltd. (AXA.AU).

"I don't think we know much about (the RBS branches) at this stage," he told reporters. "We know there are 380 branches but haven't seen much beyond public disclosure so we will continue to assess our options."

The first round of bids for the branches closed in the U.K. Tuesday.

People familiar with the situation have said that National Australia Bank, along with other parties including Virgin Money and Banco Santander SA (STD), were likely to bid for the branches.

-By Lyndal McFarland, Dow Jones Newswires; 61-3-9292-2093; lyndal.mcfarland@dowjones.com

 
 

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