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Showing 1861 - 1870 of 2019 results for "National Australia Bank"

NAB head of foreign exchange resigns

AAP  |  THURSDAY, 18 MAR 2004
National Australia Bank Ltd (NAB), stung by $360 million in forex trading losses, yesterday said the head of its global foreign exchange division, Peter Cunningham, has resigned. NAB sacked five foreign exchange traders, while three senior executives ...

S&P lowers NAB rating to AA-minus from A

AAP  |  MONDAY, 15 MAR 2004
... Standard & Poor's Ratings Services said that it has lowered its long-term counterparty credit rating on National Australia Bank Ltd (NAB), and related entities, to AA-minus from AA. This includes its counterparty credit rating and insurer financial strength ...

NAB report reveals critical weaknesses

WITH AAP  |  FRIDAY, 12 MAR 2004
A report released today into the National Australia Bank's (NAB) foreign exchange scandal revealed critical weaknesses in the bank's culture, governance and risk frameworks. Following the release of the PriceWaterhouseCoopers (PWC) report, NAB announced ...

NAB currency scandel cements four pillars policy: Fels

AAP  |  FRIDAY, 12 MAR 2004
The National Australia Bank Ltd (NAB) currency scandal ensured the "Four Pillars" bank policy will stay for years, according to the country's former competition watchdog Allan Fels. The former chairman of the Australian Competition and Consumer Commission ...

Business conditions recover in February: NAB survey

AAP  |  TUESDAY, 9 MAR 2004
... conditions partly recovered in February, following a surprisingly large fall in January, according to the National Australia Bank's Monthly Business survey. Still, business conditions are significantly less strong than they were late last year and are ...

Australia Post to sell $230 million of three-year bonds

AAP  |  TUESDAY, 9 MAR 2004
... Government-owned business Australia Post will sell $230 million of three-year bonds to refinance maturing debt, National Australia Bank Ltd (NAB) said yesterday. National Australia Bank is managing the sale. Australia Post, which will use the funds raised ...

CBA and NAB launch 10-year MTN issue for Merrill Lynch

AAP  |  FRIDAY, 5 MAR 2004
Commonwealth Bank and National Australia Bank today said they had launched a new 10-year medium term note (MTN) issue for Merrill Lynch & Co. The issues amount is expected to be a minimum of $100 million fixed rate bond, the banks said. Pricing is expected ...

CBA business arm sets aside $2 billion to restore market share

AAP  |  THURSDAY, 4 MAR 2004
... segment had the most ground to recover. That segment currently had between 12% and 13% of its market, while National Australia Bank, Westpac and ANZ all had nearer 20%.

Boral chair, NAB board member says directors can make mistakes

AAP  |  WEDNESDAY, 25 FEB 2004
Boral chairman and National Australia Bank board member Ken Moss said yesterday investors could not expect company directors to be "mistake free". Dr Moss said while it was the board's job to minimise risk within a company, directors should not be so ...

Kraehe to stay on at NAB and BlueScope only

AAP  |  MONDAY, 23 FEB 2004
National Australia Bank Ltd\'s new chairman Graham Kraehe has indicated he will this week relinquish his roles as a board member of News Corp, Brambles Industries and Djerriwarrh. Mr Kraehe, who recently replaced Charles Allen as NAB chairman in the ...