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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
$33.99 |
Change
-0.050(0.15%) |
Mkt cap ! $105.4B | |||
| Open | High | Low | Value | Volume |
| $34.00 | $34.10 | $33.82 | $117.4M | 3.455M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 616 | $33.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.00 | 44980 | 9 |
View Market Depth
| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
$33.96 |
Change
-0.050 ( 0.16 %) |
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| Open | High | Low | Volume | ||
| $34.00 | $34.09 | $33.82 | 282116 | ||
| Last updated 15.59pm 14/05/2024 ? | |||||
| NAB (ASX) Chart |