Summary
History may repeat itself first as tragedy, then as farce - as Karl Marx memorably declaimed - but Scandalmonger suspects that the shareholders of National Australia Bank are not finding it very funny.
Over the past week NAB has had to admit that its losses from apparently unauthorised foreign exchange trading has doubled from its original estimate to A$360 million ((pounds) 150m).See the full content of this document
Extract
A Leeson Too Late for the Learning
At the same time the Sydney-based financial services group, headed by former Clydesdale Bank chi...
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