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Showing 1891 - 1900 of 2019 results for "National Australia Bank"

NAB confirmed FX trading loss at $185 million

AAP  |  MONDAY, 19 JAN 2004
National Australia Bank Ltd today confirmed the pre-tax loss on the unauthorised foreign exchange trading is $185 million. The bank said its revaluation of its foreign exchange portfolio may mean a "low probability" of a loss of up to $600 million. ...

NAB refuses to comment on accusations

AAP  |  MONDAY, 19 JAN 2004
National Australia Bank warned the four rogue currency traders behind losses of $180 million that suspended employees risked breaching bank rules by speaking publicly. "They're still employees, they're suspended on pay, they're expected to abide by ...

NAB trader says bank knew all along

AAP  |  FRIDAY, 16 JAN 2004
The man at the centre of the $180 million rogue trading scandal at the National Australia Bank Ltd has hit back at claims by the bank that his transactions were unauthorised. Reports said foreign exchange options head dealer David Bullen had denied ...

NAB calls in accountants as forex investigation deepens

AAP  |  FRIDAY, 16 JAN 2004
National Australia Bank has called in outside expert assistance as it expanded a review of a $180 million rogue trading scandal into a full-scale investigation. The bank appointed accountants PricewaterhouseCoopers to assist its inquiries as national ...

NAB competitors stand by risk management systems

AAP  |  THURSDAY, 15 JAN 2004
... foreign exchange risk controls, in a bid to avoid a repeat of the $180 million rogue trading scandal at National Australia Bank. The nation's biggest banks said they were examining their systems for monitoring the complex activities of their foreign ...

NAB ratings unaffected by losses: S&P

AAP  |  THURSDAY, 15 JAN 2004
Standard & Poor's said its ratings on National Australia Bank Ltd (AA/Stable/A-1-plus) are unaffected following the disclosure of unauthorized foreign exchange transactions that are expected to result in pretax foreign exchange option losses of $A180 ...

Whistleblower exposed NAB losses

AAP  |  WEDNESDAY, 14 JAN 2004
A whistle-blower exposed three months of unauthorised trading that lost the National Australia Bank up to $180 million, the bank said today. NAB yesterday suspended a foreign currency dealer in London and three in Melbourne for rogue trading in foreign ...

Four NAB currency dealers suspended

AAP  |  WEDNESDAY, 14 JAN 2004
National Australia Bank has suspended four foreign currency dealers over unauthorised trades that resulted in losses of up to $180 million. The trades, believed to have begun in October last year, were only discovered yesterday, culminating in an emergency ...

Economists expect a small rise in employment in November

AAP  |  THURSDAY, 11 DEC 2003
... due to publish labour force figures today at 1130 AEDT. Market consensus again is for a rise of 10,000. National Australia Bank economist Kris Bernie said he expected a month of consolidation in November after the massive gains of October. The rise in ...

AMP shareholders vote in favour of demerger proposal

AAP  |  TUESDAY, 9 DEC 2003
... AMP's underlying businesses are making money." On the issue of a possible takeover offer being made by National Australia Bank for AMP's Australian assets, Mr Willcox said that AMP would give the same response today to NAB about any takeover proposal ...