Comment: Waiting Pays Off As Nab Prepares to Open Its Wallet

Summary


IT DOES not so much look a strategic tipping-point, more a helpful synchronicity of factors that could provide a softly-softly channel to business expansion.

That could describe National Australia Bank's position now as far as consolidation of the UK banking sector is concerned.

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Extract


Comment: Waiting Pays Off As Nab Prepares to Open Its Wallet

NAB, owner of Clydesdale Bank and Yorkshire Bank since 1987 and 1990 respectively, has traditionally favoured the organic approach to growth. And it has largely worked.

After a painful period early in the new mi...

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