NAB eyes off RAMS
The National Australia Bank is eyeing off a swoop for RAMS home loans if the troubled home loan lender can't refinance two commercial papers before February 11.
RAMS was hit hard by the recent sub-prime mortgage disaster which will see its shareholders voting on a proposed to accept
Westpac's $140 million purchase of the RAMS distribution business and brand.
The RAMS board met yesterday with the directors making a unanimous decision to support the offer at next weeks annual general meeting.
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