Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I seem to be alone in my interest in this fine group of companies - is anybody else following this board that has been silent for some time?

I am based in the UK, and there have been some interesting developments out of the European (read UK and Eire) operations of NAB recently. Clydesdale Bank have launched a pilot e-banking operation that has been well received, the Clydesdale and Yorkshire operations are being managed more closely together with a number of head office functions merged into a Service company and reducing the cost base, and today it has been announced that the Northern Bank and National Irish are to share a CEO and be resturctured.

The Australian Bank seems to be well run, and after a slightly wobbly start Fank Cicutto is living up to expectations developed from his time with the Clydesdale. The only downside seems to be the currency exposure to the AUS$ that is implicit in an investment in NAB, and the added uncertainty that this produces.

Does anybody have any other views?

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.