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.
nab ups forecast of losses from rogues
Add NAB (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$34.69 |
Change
0.290(0.84%) |
Mkt cap ! $107.5B | |||
| Open | High | Low | Value | Volume |
| $34.80 | $34.80 | $34.53 | $28.00M | 807.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1878 | $34.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.70 | 1393 | 11 |
View Market Depth
| Last trade - 11.36am 06/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$34.70 |
Change
0.290 ( 0.78 %) |
||||
| Open | High | Low | Volume | ||
| $34.79 | $34.79 | $34.53 | 130383 | ||
| Last updated 11.57am 06/05/2024 ? | |||||
| NAB (ASX) Chart |