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Investment

NAB Wealth flat as bank's profit rises 2%

National Australia Bank (NAB) has described stable earnings in its wealth division as it reports a 2% rise in cash profit to $1.5 billion in its latest quarterly update.

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Read more: NAB,  David Ellis,  UK,  Investment,  Cameron Clyne,  National Australia Bank,  April 2012,  Financial Standard,  Group,  Investment business,  Morningstar,  NAB Wealth,  National Australia Bank Limited,  October 2012,  Private Wealth,  Progress,  UK Banking business,  UK banks,  UK Commercial Real Estate portfolio,  US fund manager AREA Property Partners