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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.
nab ups forecast of losses from rogues
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Last
$34.06 |
Change
-0.600(1.73%) |
Mkt cap ! $104.8B | |||
| Open | High | Low | Value | Volume |
| $34.12 | $34.20 | $33.64 | $241.4M | 7.291M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 3742 | $34.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.07 | 6139 | 25 |
View Market Depth
| Last trade - 15.54pm 07/05/2024 (20 minute delay) ? |
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Last
$34.07 |
Change
-0.600 ( 1.62 %) |
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| Open | High | Low | Volume | ||
| $34.12 | $34.16 | $33.64 | 726200 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| NAB (ASX) Chart |