The Australian Competition Authority clears the merger between two national financial services organisations (National Australia Bank / 86 400)

NAB's acquisition of 86 400 not opposed* The ACCC will not oppose the proposed acquisition of 86 400 Holdings Ltd (86 400) by National Australia Bank Limited (ASX: NAB). 86 400 launched in 2019 and is a digital only bank, delivering its services through a smartphone application. “Innovative fintechs play an increasingly critical role in the market, challenging the established banks, leading to more innovative and cheaper banking for consumers. We therefore examined the proposed acquisition

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Australian Competition Authority, The Australian Competition Authority clears the merger between two national financial services organisations (National Australia Bank / 86 400), 30 March 2021, e-Competitions February 2021, Art. N° 99876

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