Daily Dispatches: NAB buys Aviva
NAB has acquired Aviva Australia Holdings' wealth management business for $825m.
The bank says the purchase includes Aviva's life insurance operations and investment platform. (Sydney Morning Herald)
ANZ looks to be in the driver's seat to scoop up pieces of RBS's Asian business. (Sky News)
A bad week for CBA. (The Australian)
Citigroup's most senior executive in Asia has left the US bank for a role at MasterCard (The Australian)
Why Macquarie shares are a better bet than the Big Four's. (Bloomberg)
James Gorman, the most senior Australian working on Wall Street, has welcomed Barack Obama's overhaul of financial regulation, saying the widespread greed and excess that contributed to the global financial crisis is "extremely unlikely" to be repeated.
