Because of an economic downturn in the UK described by NAB's chief executive Cameron Clyne as "longer and slower to recover than experienced in the 1930s following the Great Depression", the bank has decided to cut 1, 400 UK jobs, pull out of commercial property lending here and concentrate on retail and small business banking.
It is here that much of the economic growth of the Research Triangle has taken place, as companies concentrate in predominately suburban communities such as Cary.
