Australia's NAB Plans New A$2.5bn Share Buyback

National Australia Bank (NAB) has completed its A$2.5 billion ($1.9 billion) on-market share buyback and announced a further buyback of up to A$2.5 billion more, The Australian Financial Review reported.

The new buyback will allow NAB to continue managing its common equity tier 1 capital ratio towards its target range of 10.75-11.25% over time, the bank said.

Read the full report: The Australian Financial Review

Australia Central Bank No. 2 Quits to Join Green Energy Group

Australia’s CBA sells Chinese Bank Stake for $1.8bn – The Age

Australia Drops Cartel Charges Against Citi, Deutsche Bank

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.