Clydesdale Bank's survey reveals growing confidence among SMEs
The owner of the Clydesdale Bank is set to raise £1billion from the sale of its US business.
National Australia Bank (NAB) is preparing to pitch its United States lender Great Western Bank next month to institutional investors ahead of a sale.
NAB is poised to begin a roadshow in the US in October, in the first phase of a multi-stage selldown of the regional business and agribusiness bank.
It will offload about 30% of the US lender via an initial public offering, subject to investor demand, it was reported. The remaining stake is likely to be sold down in phases over the next 12 months.
