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Alabama sting

Article Abstract:

Issues concerning the purchase of US giant mortgage lender HomeSide Lending Inc. by National Australia Bank (NAB) are discussed. The reasons for huge financial losses suffered by NAB in a writedown of 3bn Australian dollars are examined.

Author: Ries, Ivor

Publisher: A C P Computer Publications
Publication Name: The Bulletin with Newsweek
Subject: News, opinion and commentary
ISSN: 1440-7485
Year: 2001

Banking industry, Finance, Mortgage banks

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Alabama sting

Article Abstract:

Issues are presented concerning the difficulties which were encountered by the National Australia Bank following its purchase of the US residential mortgage business enterprise HomeSide Lending Inc for 1.7-billion Australian dollars.

Author: Ries, Ivor

Publisher: A C P Computer Publications
Publication Name: The Bulletin with Newsweek
Subject: News, opinion and commentary
ISSN: 1440-7485
Year: 2001

Economic aspects, Financial services industry, Financial services, Mortgages

User Contributions:

Comment about this article or add new information about this topic:

Subjects list: Mergers, acquisitions and divestments, National Australia Bank Ltd., HomeSide Lending Inc.

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