National Australia Bank (NABZY.PK) - Oz's largest - and Wells Fargo (WFC) are exploring a joint...

|About: National Australia Bank ... (NABZY)|By:, SA News Editor

National Australia Bank (NABZY.PK) - Oz's largest - and Wells Fargo (WFC) are exploring a joint venture to bring Australian borrowers to the U.S. term loan B (TLB) market, reports Reuters. The TLB market is basically junk bonds, and the lucrative business is currently dominated by global banks such as JPMorgan (JPM) and Bank of America (BAC).