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Showing 5671 - 5680 of 6101 results for "trading"

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 ...

Market Wrap

AAP  |  THURSDAY, 22 JAN 2004
... market they would act to stem the euro's rise against the United States dollar. At 0700 AEDT the Australian dollar was trading at $US0.7718/23 compared with yesterday's close of 0.7689/93. The local dollar rose to a high of $US0.7748 in overnight trading. ...

NAB shares tumble on leadership credibility crisis

AAP  |  WEDNESDAY, 21 JAN 2004
... option trades could potentially 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 ...

Henry Kaye creditors to wait for liquidation vote

AAP  |  WEDNESDAY, 21 JAN 2004
... the reorganisation plan, or Deed of Company Arrangement, to the vote of 3,500 creditors. Mr Kaye has proposed a way of trading out of trouble and returning an expected 25 cents to 40 cents in the dollar.

Market Wrap

AAP  |  WEDNESDAY, 21 JAN 2004
The Australian rose by as much as 1.5 US cents in overnight trading after European central bankers and officials said they weren't overly concerned about the rapid rise of the euro against the United States dollar. At 0700 AEDT the local currency was ...

Market Wrap

AAP  |  TUESDAY, 20 JAN 2004
... in the United States saw that nation's dollar consolidate gains made last week. At 0700 AEDT the Australian dollar was trading at $US0.7547/52 compared with yesterday's close of 0.7579/86. The share market should take a breather until Wall St returns ...

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. ...

Market Wrap

AAP  |  MONDAY, 19 JAN 2004
... drove the US currency to its biggest one-day gain against the euro in five months. At 0700 AEDT the Australian dollar was trading at $US0.7632/40 compared with Friday's close of 0.7701/06. The local bourse is likely to take a strong lead from Wall St ...

NAB trader says bank knew all along

AAP  |  FRIDAY, 16 JAN 2004
The man at the centre of the $180 million rogue trading scandal at the 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 ...

NAB calls in accountants as forex investigation deepens

AAP  |  FRIDAY, 16 JAN 2004
National Australia Bank has called in outside expert assistance as it expanded a review of a $180 million rogue trading scandal into a full-scale investigation. The bank appointed accountants PricewaterhouseCoopers to assist its inquiries as national ...