NAB

National Australia Bank's (ASX:NAB) bid for AXA Asia Pacific (ASX:AXA) has been blocked by the Australian Competition and Consumer Commission (ACCC). There has been speculation that AMP (ASX:AMP) may post a rival bid.

Stock report for this week of the top 10 Australian shares which are in the ASX 100. These stocks increased their share price by the most percentage points on the Australian share market, the Australian Securities Exchange (ASX) from the previous week of trading. Other lists of Australian companies by Market capitalisation.

National Australia Bank (ASX:NAB) is in talks to set a new deadline for the proposed acquisition of AXA Asia Pacific (ASX:AXA) worth $13.3 billion. A new deadline will allow NAB to obtain Australian Competition and Consumer Commission (ACCC) and other Asian regulators' approval for a revised takeover proposal.

AXA Asia Pacific (AXA) have issued a strong business update, trumpeting that sales growth was up 57 percent in the fist quarter. The company is currently undergoing a $13 billion takeover battle between two bidders: National Australia Bank and AMP.

The Australian Competition & Consumer Commission (ACCC) has started an informal review of National Australia Bank’s (NAB) $13.3 billion worth of take over bid for AXA Asia Pacific Holdings, according to an announcement made by the regulator. In its announcement, the competition regulator also added that it is willing to announce its findings on March 18th.

Once again four largest banks of Australia have demonstrated their dominance in home loans and deposit sectors for the month of November with National Australia Bank (NAB), hitting the number one position which saw its home lending increased by 3.99 percent.

One of the major banking and financial product providers of Australia- National Australia Bank (NAB) took a hit of $309 million from the Australian Tax Office. The figures were based upon the tax deductibility of interest on capital instruments.

Transpacific Industries Group (TPI), a company that provides waste and environmental service, terminal service and vehicle retailing mainly in Australia, South Pacific and New Zealand was the worst performing stocks in the Australian stock exchange for the 30th week that saw a fall of 16.7 percent in its stock price and was closed for the week at $1.18.

One of the largest banks of Australia, National Australia Bank (NAB) has admitted that currently it is not performing up to the standard in the personal banking sector and might come up with a different strategy to pursue its targeted growth. According to the NAB authority, it is a not just a niche strategy.