National Australia Bank plans to set up unit in Paris ahead of Brexit
Share:
(Reuters) - National Australia Bank said on Friday it plans to set up a unit in Paris that would offer wholesale banking and investment services to much of Europe.The move by Australia's No. 3 lender follows similar decisions by other financial firms to create new hubs in the European Union due to Brexit."Our current operating model creates inconsistencies for clients who operate across European jurisdictions as we don't have free access across the continent," said a source familiar with NAB's..