National Australia Bank (NAB)
About the Lecture
The lecture National Australia Bank (NAB) by Edu Pristine is from the course ARCHIV Case Study: PRM. It contains the following chapters:
- National Australia Bank
- Warning Signs / Timeline
- How did these Traders try to conceal?
- Lessons
Author of lecture National Australia Bank (NAB)
Edu Pristine
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Excerpts from the accompanying material
... in significant losses when the US dollar fell w.r.t. Australian dollar. Trading desks overstated value of options and overstated profits, concealing their true performance through false transactions starting 2001. Initially incorrect dealing rates were used to price genuine deals (called 'smoothing' of profits & losses). Later on, false transactions were entered to conceal forex losses ...
