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Showing 511 - 520 of 553 results for "Foreign Exchange"

Walter demands new NAB chair ahead of general meeting

AAP  |  MONDAY, 29 MAR 2004
... NAB board of directors as being ultimately responsible for the failings which led to the bank's $360 million in foreign exchange losses. Also, the board would be called upon "immediately begin the search for a new board chairman of international standing ...

ANZ appoints new institutional financial services head

AAP  |  MONDAY, 29 MAR 2004
... chief executive John McFarlane. Areas of responsibility include specialist businesses in institutional banking, foreign exchange, capital markets, corporate financing and advisory, structured finance international and transaction services. Mr Targett ...

NAB dumps share buyback following APRA report

AAP  |  WEDNESDAY, 24 MAR 2004
... Authority (APRA) undertook an investigation into the bank's processes and procedures after traders on the bank's foreign exchange options trading desk were able to carry out unauthorised trades that cost NAB $360 million. NAB said today it had decided ...

NAB set to go public with APRA report into forex scandal

AAP  |  WEDNESDAY, 24 MAR 2004
... release statements today. The National Australia Bank board met yesterday to consider the APRA report into the foreign exchange trading scandal that cost the bank $360 million.

Labor targets audit committee chair in NAB fallout

AAP  |  MONDAY, 22 MAR 2004
... Senator Stephen Conroy said Walter, chair of the NAB audit committee when losses from the company's $360 million foreign exchange scandal were incurred, should step down. Walter has also reportedly been under fire internally, with reports over the weekend ...

NAB head of foreign exchange resigns

AAP  |  THURSDAY, 18 MAR 2004
... Australia Bank Ltd (NAB), stung by $360 million in forex trading losses, yesterday said the head of its global foreign exchange division, Peter Cunningham, has resigned. NAB sacked five foreign exchange traders, while three senior executives left the ...

NAB report reveals critical weaknesses

WITH AAP  |  FRIDAY, 12 MAR 2004
A report released today into the National Australia Bank's (NAB) foreign exchange scandal revealed critical weaknesses in the bank's culture, governance and risk frameworks. Following the release of the PriceWaterhouseCoopers (PWC) report, NAB announced ...

APRA raised concerns with NAB before rogue trading scandal

AAP  |  THURSDAY, 19 FEB 2004
... the rogue trading scandal that cost the bank's two top jobs. NAB suspended four currency traders in January but foreign exchange options head dealer David Bullen said his team had been trading over the limits since October 2003 with the backing of management. ...

Market Wrap

... anticipating a more hawkish statement from Greenspan," said David Gilmore, who is a partner at Essex, Connecticut-based Foreign Exchange Analytics. Michael Woolfolk, senior currency strategist at the Bank of New York, said Greenspan had "effectively ...

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 ...