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National Australia Bank launches $3.5bn capital raising as earnings hit by coronavirus

  • 📰 The Guardian
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NAB, which has large exposure to small and medium-sized business, reveals first-half profit down 51%

National Australia Bank has announced a $1bn hit to its bottom line and will seek to raise $3.5bn in new capital to bolster its balance sheet in the face of the Covid-19 crisis.

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