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The move also replaced National Bank House at 500 Bourke Street. The bank currently has 2 main buildings for employees at 700 Bourke Street Docklands and the new 395 NAB Place. On 1 June 2022, National Australia Bank Limited (NAB) acquired the consumer banking business from Citigroup Pty Ltd (Citi), an Australian branch of Citibank. [57]
The case concerned the 1998 purchase by National Australia Bank of a mortgage servicing company, HomeSide Lending, headquartered in Florida. In July 2001, NAB announced a USD 450 million write-down in assets due to losses associated with HomeSide Lending; and a further USD 1.75 billion write-down in September of that year.
The National Australia Bank (NAB) was implicated during 2015 in a series of scandals concerning financial planners where it was revealed that the NAB quietly paid millions of dollars in compensation to hundreds of clients for what it considered was inappropriate financial planning advice by its staff between 2009 and 2015.
Cicutto joined the National Australia Bank in 1967 as a 17-year-old and was employed by NAB for 37 years, leaving as chief executive officer in 2004. [6]He held multiple executive positions in the company, including executive vice president for the Americas in 1988, [7] chief executive officer of Clydesdale Bank from 1994 to 1996 and as chief general manager for Australian financial services ...
The National Bank of Australasia was a bank based in Melbourne. It was established in 1857, and in 1982 merged with the Commercial Banking Company of Sydney to form National Australia Bank . History
The Bank of New Zealand logo used between 2008 and 2010. 1992: National Australia Bank (NAB) purchased the BNZ and the BNZ becomes a subsidiary of the Australian bank, but retains local governance with a New Zealand board of directors. [6] 1992: First call centre opened in Auckland. 1998: Head office moves to Auckland. 1999: BNZ launched ...
In 1999, Diners Club Australia was acquired by Citibank. [4] In 2001, Citigroup Centre, Sydney was completed, 50% owned by GPT Group. [5] In June 2022, Citigroup sold its Australian consumer banking division to the National Australia Bank (NAB), for A$1.2 billion (US$882 million). [1] [6] [7]
National Bank House is a commercial skyscraper located in Melbourne, Victoria, Australia, completed in 1978, designed by architects Godfrey and Spowers. The National Bank of Australia , later the National Australia Bank , made it their headquarters on completion.