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Showing 5181 - 5190 of 5263 results for "SCA"

APRA raised concerns with NAB before rogue trading scandal

AAP  |  THURSDAY, 19 FEB 2004
The banking watchdog raised concerns about National Australia Bank's (NAB) risk management early last year, more than six months before the rogue trading scandal that cost the bank's two top jobs. NAB suspended four currency traders in January but foreign ...

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 ...

Macquarie Bank benefits with volume lift from NAB scandal

AAP  |  FRIDAY, 6 FEB 2004
Macquarie Bank is benefitting from a lift in volume in foreign exchange trading after the rogue dealing scandal that rocked National Australia Bank Shares in the investment bank surged 2.8% yesterday as Macquarie raised its expectations for second half ...

Consumer confidence at decade-high: index

AAP  |  WEDNESDAY, 4 FEB 2004
Australian consumers have more confidence in the economy now than at any time in the past ten years, according to a survey conducted by MasterCard International. Consumer sentiment toward the economy, employment, a regular income, the stock market and ...

ACCC boss to target internet scams and cartel collusion

AAP  |  TUESDAY, 3 FEB 2004
Australia's chief consumer regulator Graeme Samuel said the two major campaigns for 2004 will be a crackdown on internet scams and the break-up of cartel collusion. Mr Samuel said the Australian Competition and Consumer Commission (ACCC) will conduct ...

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 ...

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 ...

Fraser takes swipe at CEO salary packs

AAP  |  FRIDAY, 23 JAN 2004
The former governor of the Reserve Bank of Australia, Bernie Fraser, has taken a swipe at executive pay levels during the launch of a promotional campaign for superannuation funds bank Members Equity (ME). Fraser, who is chairman of ME, said chief executives ...

NAB board monitoring rogue trade probes

AAP  |  THURSDAY, 22 JAN 2004
NAB chairman Charles Allen said the Board is closely monitoring the internal and external investigations into the rogue trading that has cost it $185 million so far. In a letter to shareholders, Mr Allen cautioned them about acting on media speculation ...