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Superannuation

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.

Leighton joins with James Fielding in infrastructure fund

AAP  |  THURSDAY, 22 JAN 2004
Australian construction company Leighton Holdings has joined forces with property group James Fielding to form an infrastructure fund.

NAB shares tumble on leadership credibility crisis

AAP  |  WEDNESDAY, 21 JAN 2004
NAB shares fell to a seven-week low in early trade today, as brokers continued to question the bank's leadership in relation to the currency scandal.

Diverging expectations between investment professionals: report

AAP  |  WEDNESDAY, 21 JAN 2004
Financial advisers remain markedly more upbeat on predicted returns from Australian equities in 2004 than do their fund manager counterparts, a new report has found.

Moody's assigns A/MR3 rating to Australian Corporate Bond Fund

AAP  |  TUESDAY, 20 JAN 2004
Moody's Investors Service has assigned mutual fund credit and market risk ratings of A/MR3 to the Australian Corporate Bond Fund.

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.

NAB confirmed FX trading loss at $185 million

AAP  |  MONDAY, 19 JAN 2004
National Australia Bank today confirmed the pre-tax loss on the unauthorised foreign exchange trading is $185 million.

Corporate credit outlook stable for 2004

AAP  |  MONDAY, 19 JAN 2004
Credit quality in Australia and New Zealand should stabilise in 2004 after a spike in corporate ratings downgrades last year, according to ratings agency Standard & Poor's.

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.

Macquarie's Korean road fund raises additional $304 million

AAP  |  FRIDAY, 16 JAN 2004
Macquarie Bank Ltd and Shinhan Bank hasannounced the third close of the Korean Road Infrastructure Fund raising an additional $304 million.