National Bank Australia Limited (NAB) said that it would suffer a $100 million hit to its 2008 cash earnings after hedging $1.57 billion of synthetic collateralised debt obligations (SCDO’s). The company said on-going hedge costs would be around $60 million annually over the next five years.
NAB, which has the highest exposure to US debt of Australia’s big four lenders, said that the hedging arrangements were made with a large, highly reputable global bank.......... ummmmmm "a large, highly reputable global bank" LOL which one? I didn't know there were any left. And why not say who the bank is.
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$37.25 |
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Open | High | Low | Value | Volume |
$37.25 | $37.50 | $37.15 | $127.4M | 3.417M |
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No. | Vol. | Price($) |
---|---|---|
3 | 3612 | $37.23 |
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Price($) | Vol. | No. |
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$37.25 | 714 | 2 |
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No. | Vol. | Price($) |
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3 | 3612 | 37.230 |
2 | 4504 | 37.220 |
2 | 6073 | 37.210 |
3 | 14898 | 37.190 |
3 | 6751 | 37.180 |
Price($) | Vol. | No. |
---|---|---|
37.250 | 714 | 2 |
37.260 | 14402 | 3 |
37.270 | 6461 | 2 |
37.280 | 6142 | 3 |
37.290 | 9696 | 4 |
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