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Why the NAB (ASX:NAB) share price is one to watch today – The Motley Fool Australia
The National Australia Bank Ltd (ASX: NAB) share price is one to watch today after the bank announced its latest neobank acquisition.
The National Australia Bank Ltd (ASX: NAB) share price is on watch today as the bank pushes further into the growing neobank sector.
Why is the NAB share price on watch today?
This morning, NAB announced it has entered into a scheme implementation agreement to acquire 100% of 86 400 Holdings Ltd shares. That is the holding company of Aussie neobank 86 400, of which NAB currently owns an 18.3% stake.
86 400’s growth has been impressive since being granted its authorised deposit-taking institution…
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