NAB recovers after options scandal
NEWS
Cash earnings of A$3.9 billion (US$3 billion) were 21.9% up on 2004-05. The bank delivered a 10% increase in net profit of $4.3 billion.
Chaney was speaking at the bank's annual general meeting held in Adelaide last Wednesday (January 31), marking the recovery from the FX options trading scandal unearthed by the bank in 2004.
"We have come a long way since our problem year in 2004," added group chief executive John Stewart. "In that year, profit fell by 20%, triggered by foreign exchange options
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