NAB's Role More Likely to be of Seller in UK Banking Sector
NAB's Role More Likely to be of Seller in UK Banking Sector

All the furious activity that is going on in the British banking sector is sure to benefit NAB Chief Cameron Clyne, but it seems that contrary to the popular speculation, he will most probably be a seller than a buyer in the current scenario.

Reports have speculated that NAB might just be getting ready to bid for Northern Rock, the failed British lender, and keeping on mind the post financial crisis consolidation in the country's banking industry, one can expect to come across more such reports, on the back of the fact that NAB actually does have a much profitable UK presence, with a relatively profitable parent firm.

During last month's annual meeting of the bank, Mr. Clyne had shared that he has been approached by some major British names who are interested in looking at how assets can be used as a base to build a new giant of the banking world.

When My. Clyne was appointed as the NAB boss; the decision was highly criticized, mainly because he was a consultant, and never a banker. But the skills he possessed were perfect for the type of situation that is currently being faced by the bank.

Presently, he is busy giving the bank a customer related makeover, with the aim to make it a people's bank.