1. NAB has no direct exposure to subprime. Months later wrote off $830m CDOS. Implication - He did not know what was going on.
2. Issued $800m bonds just days before the write-off. Implication 1 - inadequate capital to make provision without the bond issue. Implication 2 - screwing the bond investors.
3. Need to write off because CDOS are no longer AAA. But they were downgraded by S&P in Feb. Implication - sleeping on the job.
1. NAB has no direct exposure to subprime. Months later wrote...
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Last
$36.17 |
Change
0.350(0.98%) |
Mkt cap ! $111.8B | |||
| Open | High | Low | Value | Volume |
| $36.39 | $36.49 | $36.06 | $67.83M | 1.865M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 2753 | $36.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $36.18 | 951 | 15 |
View Market Depth
| Last trade - 14.12pm 11/07/2024 (20 minute delay) ? |
| NAB (ASX) Chart |