Market Chatter: National Australia Bank Said to Evaluate Purchase of HSBC's Australian Deposit Portfolio
MT Newswires Live
3 hours ago
National Australia Bank (ASX:NAB) is in a renewed push for a possible purchase of HSBC's Australian deposit portfolio, The Australian's DataRoom reported Thursday, citing anonymous sources.
The Australian lender is believed to have submitted a bid for HSBC's deposit book last year and both parties are currently doing due diligence, the report added.
The two banks did not immediately respond to requests for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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