National Australia Bank (NAB) said on Thursday it would shut its Hong Kong branch, as offices in Singapore, Tokyo and Shanghai were its preferred customer outreach hubs in Asia. The move is likely to impact about 50 roles in the Hong Kong, however, the lender said in a statement that its "too early" to confirm the impact of the branch closing. "The decision probably reflects that foreign businesses are not finding operating conditions in Hong Kong as conducive as they once were," said Tim Waterer, chief market analyst at KCM Trade.
Singapore Exchange Names Michael Syn as President
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Australian Lender NAB to Close Hong Kong Office
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Singapore Exchange names Michael Syn as president
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Singapore s Bayfront prices $410 million infrastructure asset-backed securities
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