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Showing 1851 - 1860 of 2019 results for "National Australia Bank"

NAB adds A$57 million NZ tax bill to woes

National Australia Bank faces a possible tax bill of up to NZ$212 million (A$184.8 million) from New Zealand tax authorities after receiving a bill for NZ$57 million relating to its Bank of New Zealand unit. The bank said it would contest the new assessments ...

Market Wrap

AAP  |  FRIDAY, 2 APR 2004
... Australian dollar has risen by three US cents this week due largely to the US dollar coming under pressure, National Australia Bank head of research Peter Jolly said. Mr Jolly added that initially the US dollar had declined against the yen earlier in ...

Fraud reforms to cost much more than FSR

AAP  |  WEDNESDAY, 31 MAR 2004
... Australian Fraud Summit heard yesterday. Speaking on money laundering and terrorist financing, the head of National Australia Bank's terrorism financial sanctions unit, Neil Woods, said the cost to organisations of implementing the money laundering reforms ...

NAB calls off crisis board meeting

AAP  |  TUESDAY, 30 MAR 2004
The beleaguered National Australia Bank yesterday called off a planned crisis meeting of the bank's board so lawyers could pore over proposed resolutions put forward by dissident director Catherine Walter. A spokesman for NAB said the meeting was postponed ...

Walter demands new NAB chair ahead of general meeting

AAP  |  MONDAY, 29 MAR 2004
Embattled National Australia Bank (NAB) director Catherine Walter has conditionally agreed to quit, with the replacement of Graeme Kraehe as chairman among her list of demands. Walter late yesterday said she was lodging notices with the NAB company ...

NAB dividends appear safe, says analyst

AAP  |  FRIDAY, 26 MAR 2004
National Australia Bank's high dividends do not appear to be in danger despite the demands placed on the bank by APRA yesterday, according to one analyst. NAB generates around $1.5 billion in excess capital every year with a dividend pay out in the ...

APRA raised risk management concerns in January 2003

AAP  |  THURSDAY, 25 MAR 2004
Australia's banking regulator raised concerns about risk management at National Australia Bank with the bank's board in January 2003, according to a report out yesterday on the forex trading scandal at NAB. The Australian Prudential Regulation Authority ...

NAB dumps share buyback following APRA report

AAP  |  WEDNESDAY, 24 MAR 2004
National Australia Bank is to implement new capital adequacy initiatives and terminate a share buyback after the release of a report by the banking regulator today into a forex trading scandal at NAB. The Australia Prudential Regulation Authority (APRA) ...

NAB set to go public with APRA report into forex scandal

AAP  |  WEDNESDAY, 24 MAR 2004
National Australia Bank will today release most, if not all, of a damning report by the financial services watchdog on a breakdown in its risk management systems, according to a newspaper report. The report said both NAB and APRA (Australian Prudential ...

Labor targets audit committee chair in NAB fallout

AAP  |  MONDAY, 22 MAR 2004
The federal opposition has called for more heads to roll at National Australia Bank (NAB) as a result of its forex trading fiasco, singling out embattled board member Catherine Walter. Labor financial services spokesman Senator Stephen Conroy said Walter ...