Daily Dispatches: crunch time for NAB in the UK

National Australia Bank's interest in the British market is finally starting to warm up. NAB has been suggested as a buyer of a range of pressured banking assets put on the block by British regulators, including Northern Rock and portfolios of branches belonging to two national banks. But until now, NAB chief executive Cameron Clyne has sent mixed messages about the bank's British operation, which is battling a deep recession in the country. (Sydney Morning Herald)

National Australia Bank-backed hedge fund group, Pengana Capital, watched its profits more than halve during the financial crisis. (The Australian)

A weaker global banking system is forcing businesses to seek credit elsewhere, which is creating opportunities for private credit internationally and in Australia, according to Mercer. (Money Management)

Australian Super has established product development teams that will focus on the development of products in the areas of insurance, investment and pensions. (Investor Daily)