SYDNEY: National Australia Bank Ltd (NAB) faces a hard struggle to regain investor confidence after recent rogue trading losses of up to A$180mil highlighted severe risk management problems, analysts said yesterday.
The fact that mounting losses on unauthorised foreign exchanges trades failed to trigger alarm bells at Australia's biggest bank has perplexed many investors more than the size of the loss, which could wipe out any earnings growth for the full year.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!