This determination follows the acquisition of Citigroup Pty Limited’s consumer banking business by NAB in June 2022.
This determination follows the acquisition of 86 400 Ltd by National Australia Bank Limited (NAB) in May 2021.
James Spenceley has decided not to proceed with his appointment as a NAB non-executive Director.
National Australia Bank Limited (NAB) appoints James Spenceley as a non-executive director, effective 1 December 2021.
AUSTRAC has identified serious concerns with NAB’s compliance with the AML and Counter-Terrorism Financing (CTF) Act 2006.
National Australia Bank Limited (NAB) will proceed with acquisition of neo bank 86 400 following Federal Court approval.
NAB expects the total cost of acquiring the remaining shares in 86 400 to be up to approximately $220 million.
The project will explore the implications of a wholesale form of central bank digital currency using distributed ledger technology.