10/31/2016
The businesses in Singapore, Hong Kong, China, Taiwan and Indonesia, will be sold for around S$110 million ($80 million), in a deal that underscores how smaller players in private banking are being squeezed out due to lack of scale.=u=[;6-----------------
10/27/2016
Expenses for NAB Wealth dipped 4%, reflective of lower regulatory and compliance spend combined with firm control of discretionary costs, according to the annual report.
10/25/2016
The sale could fetch between $300 million and $350 million, or 1.50-1.75 percent of assets under management, senior M&A bankers said, citing valuations for similar deals.