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NAB labels wealth unit spin-off talk “market speculation”

National Australia Bank (NAB) has swatted aside recent talk about a possible review of its domestic wealth business and a potential spin-off, calling it “market speculation” in a statement to Asian Private Banker. According to a report from the Financial Review released today, the Melbourne-based bank is said to be assessing its funds management, superannuation, and financial advice operations units as well as…

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