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Superannuation

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.

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.

WRF launches seventh property syndicate

AAP  |  FRIDAY, 16 JAN 2004
WRF Securities has released its seventh property Syndicate through subsidiary WRF Property.

AMP says demerger sparks 83% net cash flow rise

AAP  |  FRIDAY, 16 JAN 2004
AMP Ltd's customers have voted with their money in favour of its recent demerger with UK-based HHG.

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.

JP Morgan to merge with Bank One

Finance giant JP Morgan Chase said Wednesday it will take over Bank One in a $US58 billion ($A75 billion) deal to create the United States' second-largest bank.

NAB ratings unaffected by losses: S&P

AAP  |  THURSDAY, 15 JAN 2004
Standard & Poor's said its ratings on National Australia Bank Ltd (AA/Stable/A-1-plus) are unaffected following the disclosure of unauthorized foreign exchange transactions that are expected to result in pretax foreign exchange option losses of $A180 ...

Whistleblower exposed NAB losses

AAP  |  WEDNESDAY, 14 JAN 2004
A whistle-blower exposed three months of unauthorised trading that lost the National Australia Bank up to $180 million.

ING Industrial Fund boosts property book value by 10%

AAP  |  WEDNESDAY, 14 JAN 2004
ING Industrial Fund has boosted the book value of nine east coast properties by 10%, claiming the industrial property market is still going strong.

Banks face challenges: Fitch

AAP  |  WEDNESDAY, 14 JAN 2004
Fitch Ratings has said Australian banks face challenges in maintaining their recently strong financial performance.