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Money

Aussie lender NAB to cut 10% of jobs in markets

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National Australia Bank is reportedly set to initiate a significant workforce reduction in its markets division.

The bank is cutting around 60 jobs out of the 600-strong team, as part of a broader restructuring effort across all its business units.

This news comes from sources cited by the Australian Financial Review (AFR), which broke the story early on Monday.

Although the bank has not yet made an official internal announcement, it is expected that the layoffs could commence as early as this week. NAB, the country’s second-largest bank, appears to be following in the footsteps of its larger peers, Commonwealth Bank of Australia (CBA.AX) and Westpac Banking Corp (WBC.AX), which have already announced plans to cut hundreds of jobs in response to escalating costs driven by high interest rates and inflation.

The impending layoffs at NAB are anticipated to affect employees in capital markets roles within its corporate and institutional banking unit, where the markets division operates with a workforce of approximately 600.

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Nvidia surpasses Microsoft as the most valuable company in the world

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Nvidia has emerged as the world’s most valuable company, surpassing Microsoft with a market value of over $3.3 trillion.

This shift comes on the heels of Nvidia’s consistent growth in the semiconductor sector and its strategic advancements in artificial intelligence and gaming technologies.

This milestone marks a significant validation of Nvidia’s aggressive expansion and innovation strategies under CEO Jensen Huang, who has steered the company towards dominance in high-performance computing.

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Money

Finance expert empowers his social audience with accessible wealth tips

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The right strategy can change the game for your financial freedom. Meet the advisor making his tips accessible to all.

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by James Wrigley, Financial Advisor at First Financial. #wyld money #trending

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Money

It takes a village: coordinated financial teams prove paramount to maximising wealth

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The pursuit of wealth is often faced by significant challenges including debt, lifestyle costs, and burnout – so what methods can help overcome these challenges?

Maximising financial opportunities involves a suite of tasks, from leveraging favourable loan rates, strategic tax planning, and coordinated financial advising.

Mark Wyld from MW Wealth joins to discuss more. #featured

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