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NAB - and 5 others - suspend Landmark White: goes into trading halt

Michael Bleby
Michael BlebyDeputy property editor

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Landmark White disclosed that a string of other lenders had also suspended it and called another trading halt in its shares on Tuesday, a day after it dismissed its earlier suspension by CBA and ANZ as the moves of a "small number of clients".

In a statement after the market had closed, the troubled valuation firm said National Australia Bank, Bankwest, Bendigo & Adelaide Bank, Suncorp, HSBC and Latrobe had also stopped using it for valuation work, even as it maintained the data breach that triggered their decisions – the second this year – did not constitute a notifiable breach under law as only limited private information was contained in the documents posted onto document sharing site SCRIBD.

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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com

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    Original URL: https://www.afr.com/property/residential/nab-and-5-others-suspend-landmark-white-goes-into-trading-halt-20190604-p51ug6