NAB Says Flooding Raises Questions About Funding in Risky Areas.

(Bloomberg) -- National Australia Bank Ltd. Chief Executive Officer Ross McEwan said the increased frequency of flooding in Australia and New Zealand is prompting the lender to rethink its funding in areas prone to inundation in the future. "Wage growth is accelerating and for the banking industry our loan book fundamentals are very solid", McEwan said. [Extracted from the article]