Major Australian Bank Turns its Back on Chinese Wealth Market

The chief executive of the National Australia Bank, John Stewart, has ruled out a move into the Chinese wealth management and banking market because of restrictions on foreign ownership. “We will not....

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By: Lachlan Colquhoun
November 27, 2006
The chief executive of the National Australia Bank, John Stewart, has ruled out a move into the Chinese wealth management and banking market because of restrictions on foreign ownership. “We will not....