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Showing 911 - 920 of 962 results for "Traders"

Market Wrap

AAP  |  TUESDAY, 3 FEB 2004
The Australian dollar opened weaker across the board, as traders squared up their long positions ahead of the Reserve Bank of Australia's announcement tomorrow morning. At 0700 AEDT the local unit was trading at $US0.7574/82 compared with yesterday's ...

NAB says rogue trades lead to $360 million in pre-tax losses

AAP  |  TUESDAY, 27 JAN 2004
... million," Australia's biggest bank said. NAB said two weeks ago, when it first revealed it had suspended four currency options traders over months of unauthorised trades, that the total pre-tax losses would be $180 million.

Senior management may be held accountable for rogue trading

AAP  |  TUESDAY, 27 JAN 2004
... 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 the NAB had "identified those weaknesses" and closed ...

ASIC begins investigation into NAB options trading

AAP  |  FRIDAY, 23 JAN 2004
... 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 a low probability they may be as much as $600 ...

NAB refuses to comment on accusations

AAP  |  MONDAY, 19 JAN 2004
National Australia Bank warned the four rogue currency traders behind losses of $180 million that suspended employees risked breaching bank rules by speaking publicly. "They're still employees, they're suspended on pay, they're expected to abide by ...

NAB trader says bank knew all along

AAP  |  FRIDAY, 16 JAN 2004
... dealer David Bullen had denied suggestions any documents had been falsified and said his team of four foreign currency traders was one of the bank's most profitable trading entities. "We were already over the limits for a number of months and the bank ...

NAB competitors stand by risk management systems

AAP  |  THURSDAY, 15 JAN 2004
... nation's biggest banks said they were examining their systems for monitoring the complex activities of their foreign exchange traders, although they believed existing processes were adequate.

Afternoon Market Wrap: All Ords end stronger amid Asian SARS concerns

AAP  |  WEDNESDAY, 17 DEC 2003
... resource stocks today. Shaw Stockbroking head dealer Jamie Spiteri said the stronger market came as no surprise to most traders, led by improved metal prices. "The better metal prices overnight, in particular nickel and copper, are probably helping the ...

Morning Market Wrap: $A rises to fresh six-year high overnight

The Australian dollar rose to a fresh six-year high above 74.50 US cents overnight as traders anticipated key US economic data would show inflation remained weak. At 0700 AEDT the local unit was trading at $US0.7432/37 compared with yesterday's close ...

Morning Market Wrap: Greenback gains short-lived

... dollar closed weaker yesterday because of gains by the US dollar following the capture of the former Iraqi leader. But traders expected the local unit to resume its path upwards as the market focus returned to economic fundamentals. NAB head of market ...