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Showing 31 - 40 of 52 results for "CIC"

Shareholders expect NAB chairman to quit other roles

AAP  |  WEDNESDAY, 18 FEB 2004
The Australian Shareholders' Association wants new National Australia Bank (NAB) chairman Graeme Kraehe to quit directorships at two major companies within a week so he can devote more time to the bank. Mr Kraehe said yesterday that he was reviewing ...

New NAB boss has own suspicions about rogue trading scandal

New National Australia Bank Ltd boss John Stewart today said investigations into the bank's foreign exchange trading scandal would likely find "people who were asleep on watch". While Mr Stewart said the truth about the rogue trading scandal would not ...

NAB prompts Labor to take aim at golden handshakes

AAP  |  TUESDAY, 3 FEB 2004
Companies would lose the right to claim massive payouts to outgoing executives against tax, Labor said today, as bank boss Frank Cicutto prepared to receive a $3 million golden handshake. Mr Cicutto announced his resignation from the National Australia ...

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 ...

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 ...

NAB shares tumble on leadership credibility crisis

AAP  |  WEDNESDAY, 21 JAN 2004
NAB shares fell to a seven-week low in early trade today, as brokers continued to question the bank's leadership in relation to the currency scandal. The shares tumbled as much as 48 cents and were 32 cents or one per cent lower at $29.24 at 1028 AEDT. ...

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 ...

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 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

AMP's 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 ...