From ABC on line
Only a low probability? Well, thats encouraging. Shite!!!!
NAB ups estimated rogue trading loss
The National Australia Bank (NAB) has upped its estimate of the losses stemming from a rogue trading currency scandal and warned there could be more to come.
The bank now says the removal of fictitious trades from its foreign currency options portfolio will result in a pre-tax loss of $185 million.
That is slightly above the original estimate of $180 million.
The NAB says it is undertaking a market revaluation of the remaining portfolio, which could lead to additional losses.
It says there is a very low probability that the total losses will be as high as the $600 million being speculated on in the market.
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Mkt cap ! $106.7B |
Open | High | Low | Value | Volume |
$34.48 | $34.48 | $34.10 | $114.6M | 3.339M |
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No. | Vol. | Price($) |
---|---|---|
3 | 17950 | $34.39 |
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Price($) | Vol. | No. |
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$34.41 | 8194 | 1 |
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No. | Vol. | Price($) |
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1 | 267 | 36.120 |
5 | 3313 | 35.320 |
1 | 170 | 35.200 |
1 | 23 | 35.120 |
1 | 4254 | 35.080 |
Price($) | Vol. | No. |
---|---|---|
29.900 | 2971 | 2 |
30.960 | 53 | 1 |
32.680 | 10354 | 5 |
33.000 | 75 | 1 |
33.010 | 384 | 4 |
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