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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
$33.75 |
Change
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Mkt cap ! $104.7B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | $34.13 | $33.72 | $1.672M | 48.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 755 | $37.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $30.37 | 776 | 1 |
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| Last trade - 09.41am 16/05/2024 (20 minute delay) ? |
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Last
$33.76 |
Change
0.000 ( 0.61 %) |
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| Open | High | Low | Volume | ||
| $34.06 | $34.12 | $33.73 | 327491 | ||
| Last updated 15.59pm 15/05/2024 ? | |||||
| NAB (ASX) Chart |
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