Australia’s NAB Swings Back Into Net Profit
National Australia Bank posted a 2.3 percent rise in interim cash earnings Thursday and swung back into net profit after offloading loss-making British banking operations. The lender’s cash profit in the six months to March 31, the financial industry’s preferred measure which strips out volatile items, came in at Aus$3.29 billion (US$2.44 billion), in line … Read more