Get our introductory offer at only
*$0.99/month for first 3 months
$29.90/month for the next 9 months
[SYDNEY] National Australia Bank Ltd, the nation's biggest lender by assets, agreed to sell a £625 million (S$1.3 billion) parcel of mostly non-performing commercial property loans in the UK to an affiliate of Cerberus Global Investors.
The sale will result in a small gain above the loans