NAB posts 1H profit of $2.86 billion, provides NextGen update
National Australia Bank (NAB) has recorded a 1H 2014 profit of $2.86 million for 2014, an increase of $390 million on the same time last year.
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NAB operations overhaul to save $800 million annually
National Australia Bank (NAB) expects to save $800 million annually in a five year plan which includes reducing the complexity of its technology systems, centralising operations and support functions, and reshuffling senior management positions.