1. NAB has no direct exposure to subprime. Months later wrote off $830m CDOS. Implication - He did not know what was going on.
2. Issued $800m bonds just days before the write-off. Implication 1 - inadequate capital to make provision without the bond issue. Implication 2 - screwing the bond investors.
3. Need to write off because CDOS are no longer AAA. But they were downgraded by S&P in Feb. Implication - sleeping on the job.
stewart might have got the bums rush, page-6
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Last
$35.05 |
Change
0.240(0.69%) |
Mkt cap ! $108.2B | |||
| Open | High | Low | Value | Volume |
| $34.92 | $35.36 | $34.77 | $239.4M | 6.830M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 85 | $35.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.06 | 1701 | 1 |
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| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| NAB (ASX) Chart |