Explain the reasons behind nab actions
Problem: On 27 April 2020, National Australia Bank (NAB) announced a dividend cut and a plan to raise $3.5 billion of new capital.
Explain the reasons behind NAB's actions. How did the market react to this news?
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On 27 April 2020, National Australia Bank (NAB) announced a dividend cut and a plan to raise $3.5 billion of new capital. Explain reasons behind NAB's action?
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