National Australia Bank Limited ('NAB') has entered into an agreement with Citigroup to acquire the Citi consumer banking business in Australia subject to regulatory approval. We're expecting the transfer to take place on 1 June 2022. Visit our FAQs for more information.
A Target Market Determination (TMD) is a document that describes the likely objectives, financial situation and needs of consumers that would likely suit a Citi product. The TMD also outlines the conditions of how Citi’s product can be distributed, sold, and where we may need to review a TMD.
