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NAB wealth returns "below acceptable levels"

National Australia Bank (NAB) net profit for the year to September 30 was down 1.1%, with chief executive Andrew Thorburn saying that NAB Wealth returns were "below acceptable levels."

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Read more: NABAndrew ThorburnNational Australia BankSeptember 30UK BankingInvestmentAustralianNAB Wealth cash earningsNew Zealand franchisesNew Zealand operationsSeptember 2014UK conduct provisionsUnited Kingdom