Challenging Times for New Boss Stewart As Nab Falters

Summary


NATIONAL Australia Bank (NAB), owner of Britain's Yorkshire and Clydesdale banks, has been making far too many headlines of late for many investors' liking.

It was rocked by a rogue-trading scandal, its boardroom remains horribly split and most recently it threw in a profits warning.

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Extract


Challenging Times for New Boss Stewart As Nab Falters

Although NAB's new-broom - Scotsman John Stewart - has now been at the helm for two months trying to get a grip on the problems, it is clear much re...

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