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Showing 1881 - 1890 of 2019 results for "National Australia Bank"

Business conditions ease in December

AAP  |  WEDNESDAY, 4 FEB 2004
... although business remained strong after nearing record levels the previous month, a survey has found. The National Australia Bank monthly business survey, released yesterday, showed local business conditions stayed at very robust levels in December ...

NAB prompts Labor to take aim at golden handshakes

AAP  |  TUESDAY, 3 FEB 2004
... Cicutto prepared to receive a $3 million golden handshake. Mr Cicutto announced his resignation from the National Australia Bank (NAB) yesterday amid ongoing fallout over $360 million in losses from unauthorised foreign currency trades. NAB said Mr Cicutto ...

NAB's Frank Cicutto resigns as CEO

AAP  |  MONDAY, 2 FEB 2004
National Australia Bank Ltd today appointed John Stewart as managing director and chief executive officer, replacing Frank Cicutto. The bank said Cicutto had resigned. NAB chairman Charles Allen said today Mr Cicutto had expressed has desire to resign ...

BOS plans roadshow for debt investors

AAP  |  WEDNESDAY, 28 JAN 2004
... Scotland and a member of UK-based HBOS Group, said the roadshow would be hosted by the Commonwealth Bank and National Australia Bank and would include presentations to investors in Singapore, Hong Kong and Australia. The company said representatives ...

NAB sells AMP, St George shares to offset rogue trading

AAP  |  WEDNESDAY, 28 JAN 2004
National Australia Bank (NAB) will sell its stakes in AMP, HHG and St George Bank Ltd for a profit of about $450 million, offsetting the $360 million loss from the rogue trading scandal. NAB made the surprise announcement of its massive share sales ...

NAB says rogue trades lead to $360 million in pre-tax losses

AAP  |  TUESDAY, 27 JAN 2004
National Australia Bank (NAB) today said pre-tax losses from the rogue currency trades totalled $360 million, double the amount it first indicated. "The total pre-tax loss includes $185 million announced last week and an additional $175 million from ...

Economy finished 2003 on strong note: NAB

AAP  |  TUESDAY, 27 JAN 2004
... finished the year on a strong note, with business conditions strengthening to near record levels, the National Australia Bank (NAB) said today. According to NAB's December quarter business survey, the broader economy continued to strengthen in the second ...

Senior management may be held accountable for rogue trading

AAP  |  TUESDAY, 27 JAN 2004
Senior management at the National Australia Bank (NAB) may be held accountable for the rogue trading scandal that could cost the bank as much as $600 million. NAB chief executive Frank Cicutto said responsibility for the rogue currency trades and any ...

ASIC begins investigation into NAB options trading

AAP  |  FRIDAY, 23 JAN 2004
... Australian Securities and Investments Commission (ASIC) has started an investigation into rogue trading at the National Australia Bank. ASIC said it will investigate whether there have been any contraventions of the Corporations Act at NAB's foreign ...

Revalued FX portfolio could reveal $600 million loss: NAB

AAP  |  TUESDAY, 20 JAN 2004
A revaluation of National Australia Bank Ltd's foreign exchange portfolio after a series of rogue trades may reveal losses of up to $600 million, chief executive Frank Cicutto said today. Embattled NAB extended its foreign currency lost by $5 million ...