Daily Dispatches: NAB goes for Goldman

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NAB's domestic spending spree claims a further scalp today with a $99m deal that will see it acquire an 80 per cent stake in the wealth management business of Goldman Sachs JBWere. (The Age)

But its British subsidiary Clydesdale has suffered a downgrade in its credit rating, with Standard & Poor's warning the lender could report a loss this year. (The Australian)

Macquarie expects profit for the first half of fiscal 2010 to fall by about 28 per cent from the previous corresponding period as market conditions remain tough and the cashed up bank looks to growth opportunities over the medium term. (Daily Telegraph)

It's not often that an economist is considered a household name. But Saul Eslake's resignation from the ANZ Bank is likely to provoke recognition beyond financial circles. (Herald Sun)

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