Aussie lender NAB reports lower profit but hints bank margin squeeze is easing

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Aussie lender NAB reports lower profit but hints bank margin squeeze is easing

By Sameer Manekar and Lewis Jackson (Reuters) -National Australia Bank posted a double-digit drop in first-half earnings on Thursday but talked up the strength of the economy and said a margin-crunching struggle for the vital home loan market showed signs of easing. The first of Australia’s big four banks to front up to investors this reporting season, NAB’s results were closely watched for signs that the squeeze on profits from tough mortgage …