Antitrust Antitrust

Blackrock, Vanguard 'don't set our strategy,' National Australia Bank tells ownership probe

By James Panichi
  • 08 Sep 2021 21:53
  • 09 Sep 2021 00:07
National Australia Bank has received a bipartisan grilling over whether the common ownership of minority stakes in Australia’s financial services industry by institutional investors Blackrock and Vanguard may be leading to an erosion of competition.

During a parliamentary hearing in Canberra today, NAB Chief Executive Officer Ross McEwan forcefully rejected suggestions by

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