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Showing 11 - 20 of 28 results for "Frank Cicutto"

Senior management may be held accountable for rogue trading

AAP  |  TUESDAY, 27 JAN 2004
... 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 breaches in procedures would be established right up the chain of ...

NAB shares tumble on leadership credibility crisis

AAP  |  WEDNESDAY, 21 JAN 2004
... major brokerages have questioned the credibility of the bank's senior management, including its chief executive Frank Cicutto, after it revealed on Monday that losses from months of unauthorised currency option trades could potentially amount to $600 ...

Revalued FX portfolio could reveal $600 million loss: NAB

AAP  |  TUESDAY, 20 JAN 2004
... 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 to $185 million but tried to assure the market ...

NAB confirmed FX trading loss at $185 million

AAP  |  MONDAY, 19 JAN 2004
... undertaking a market revaluation of the remaining portfolio to ensure it conforms with our policies," chief executive Frank Cicutto said. "Our initial view indicates that this revaluation will lead to additional losses. "Based on our work to date, there ...

NAB boss says UK operations in good shape

AAP  |  FRIDAY, 28 NOV 2003
National Australia Bank Ltd chief executive Frank Cicutto has defended the bank's United Kingdom operations, saying they are still well positioned for growth. Mr Cicutto said there had been "a lot of noise and debate about our UK operations". However ...

AMP share price opens lower after Cicutto comments

... share price opened a further 15 cents lower this morning at $6.40, following National Australia Bank (NAB) chief Frank Cicutto's comments Friday criticising aspects of the proposed demerger. In a statement to the Australian Stock Exchange, Mr Cicutto ...

Cicutto reappointed as NAB chief

AAP  |  FRIDAY, 24 OCT 2003
National Australia Bank Ltd has reappointed chief executive Frank Cicutto for another three years, continuing recent moves by the nation's other big banks to hold onto current leadership. Mr Cicutto will stay on until October 2006 with his annual base ...

NAB confirms discussions with ACCC over AMP takeover

AAP  |  TUESDAY, 21 OCT 2003
... competition watchdog regarding a takeover of AMP Ltd and believes it could be allowed to proceed. NAB chief executive Frank Cicutto told the Australian Financial Review the bank had held discussions with the Australian Competition and Consumer Commission ...

AXA says NAB-AMP entity a "threat, but also an opportunity"

AAP  |  THURSDAY, 16 OCT 2003
... was interested in AMP, once the group had demerged its struggling United Kingdom operations. NAB chief executive Frank Cicutto declined to reveal yesterday what his bank's next move might be. "If that were to happen I think we would see it obviously ...

NAB quiet on AMP plans

AAP  |  WEDNESDAY, 15 OCT 2003
National Australia Bank Ltd chief executive Frank Cicutto was keeping his plans for potential takeover target AMP Ltd a secret today, refusing to reveal to New York fund managers and the media his bank's next move. Mr Cicutto re-confirmed NAB was not ...