Australia's NAB taps investors to raise $2.2b as coronavirus halves profit

Australia's NAB taps investors to raise $2.2b as coronavirus halves profit

Sydney Opera House, Sydney, Australia. Photo: Holger Link/Unsplash

National Australia Bank Ltd, the country’s No.3 lender, asked investors for A$3.5 billion ($2.2 billion) and slashed its dividend on Monday as its first-half profit tumbled in part due to charges associated with the coronavirus pandemic.

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