National Australia Bank FX back in the black after trading scandal
NEWS
Last week, the bank posted income of A$29 million (US$21.3 million) from its forex business for the financial year ending September 30, 2005, turning around a A$2 million loss reported for the same period last year (FX Week, December 20, 2004).
The recovery came in the second half of the fiscal year, where the FX business was up A$33 million. This helped to dilute a A$4 million loss the bank suffered in the first six months of the year.
During the second half, the bank reopened its forex options
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