UPDATE 2-National Australia Bank to slash headcount as profit breaks record
NAB increases cash profit by 2.5 pct to A$6.64 bln * Bank flags 6,000 job cuts * High restructure costs prompt share price fall * NAB improves margins after lifting interest rates (Adds broker and analyst quotes, share price reaction) By Jonathan Barrett and Paulina Duran SYDNEY, Nov 2 (Reuters) – National Australia Bank (NAB) flagged thousands of job cuts as it posted a record annual cash profit of A$6.64 billion ($5.1 billion) on Thursday, underpinned by surging home loan volumes and higher business lending margins.