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Showing 521 - 530 of 553 results for "Foreign Exchange"

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 ...

Macquarie Bank considers buying ING Asia businesses

AAP  |  THURSDAY, 5 FEB 2004
... including equity derivatives, mergers and acquisitions advisory, debt capital markets and fixed income products, foreign exchange and treasury, structured finance and syndicated loans to clients in 12 countries in Asia. A further announcement on the ...

Senior management may be held accountable for rogue trading

AAP  |  TUESDAY, 27 JAN 2004
... up the chain of command. And Ciccuto denied that the NAB had endorsed an aggressive trading culture among its foreign exchange dealers. Cicutto said four currency option traders, now suspended, had "exploited weaknesses in our internal procedures" but ...

ASIC begins investigation into NAB options trading

AAP  |  FRIDAY, 23 JAN 2004
... Bank. ASIC said it will investigate whether there have been any contraventions of the Corporations Act at NAB's foreign exchange options trading. On January 14 four traders were suspended for currency trading losses amounting to $185 million but with ...

NAB shares tumble on leadership credibility crisis

AAP  |  WEDNESDAY, 21 JAN 2004
... amount to $600 million. Newspaper reports today alleged the bank knew of "interesting" trading activity at its foreign exchange options dealing room two years ago, and that rival currency trading operations had raised concerns about the bank's currency ...

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 refuses to comment on accusations

AAP  |  MONDAY, 19 JAN 2004
... what breaches are being done by any of the suspended employees." NAB refused to comment on claims by suspended foreign exchange head options dealer David Bullen that the bank had authorised currency trades for a year that exceeded internal limits.

NAB trader says bank knew all along

AAP  |  FRIDAY, 16 JAN 2004
... 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 suggestions any documents had been falsified and said his team of four foreign ...

NAB competitors stand by risk management systems

AAP  |  THURSDAY, 15 JAN 2004
The banking industry is reviewing its 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 ...