NAB’s Rachel Slade won’t rely on price in fight for business lending crown

National Australia Bank’s top investment banker says deep, long-standing relationships with its customers mean the lender does not need to cut interest rates to maintain its coveted position as the world’s largest bank. affairs of the country.

Rachel Slade was promoted from managing personal banking services to becoming division head of his merchant bank in April. His appointment comes as NAB’s main rivals, Commonwealth Bank of Australia and Macquarie, have outlined strategies to compete more aggressively for merchant banking customers.

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