SYDNEY: National Australia Bank Ltd (NAB), Australia's biggest bank, is gauging buyer interest for its struggling Irish banks, signalling that it is prepared to exit part of its European market.
The bank, battered by a foreign exchange scandal, top-level resignations and profit warnings this year, reiterated that it was keeping all options open for its Irish and UK banks. The business makes up about a fifth of NAB's earnings but lacks critical mass.
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