Restaurateur Danny Meyer plans to relocate Manhattan’s Union Square Cafe from its 30-year home after lease negotiations ended without an agreement.
National Australia Bank Ltd.’s next chief executive officer Andrew Thorburn said he aims to cut the lender’s exposure to U.K. commercial property and focus on Australia and New Zealand when he takes the helm in August.
National Australia Bank Ltd., the country’s largest by assets, hired Bank of America Corp.’s Craig Drummond as its group executive for finance and strategy.
Asset Management Corp. of Nigeria will own about 14 percent of Lome, Togo-based Ecobank Transnational Inc. after its acquisition of Oceanic Bank International Plc, Ecobank said.
Georgia homebuilder Blankenship Homes lost its source of loans for new construction after four local community banks failed since 2009.
National Australia Bank Ltd. may now have a better shot at selling its $4 billion U.K. unit after more than a decade of failed attempts to bulk up or exit the business.
"It's disappointing following three downgrades last year and puts back the recovery in earnings and reputation another six months."
- David Ellis on Jul 28, 2014