Business
NAB to acquire Citi’s consumer business for $1.2 billion – The Australian Financial Review
NAB buys Citi’s retail arm in preparation for an assault on the local credit card market and arch rival Commonwealth Bank.
Mr McEwan said the bank was big enough to defend itself against competitors including the mainly unregulated buy-now-pay-later crowd but argued the rules should be the same for everyone.
I enjoy the competition and believe as a major bank we can compete…
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