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Article: BRIEFING - ASIA BANKING - APRIL 18, 2005.

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AsiaPulse News
Article date:
April 18, 2005
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An executive briefing on banking for April 18, 2005, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

NATIONAL AUSTRALIA BANK TO REOPEN FOREX OPTIONS DESK IN MAY

MELBOURNE - National Australia Bank Ltd (ASX:NAB) will reopen its foreign exchange options desk next month, after it was shut down last year after unauthorised trading cost the bank A$360 million (US$275 million).

NAB said the reopening of the FX desk has been approved by the corporate regulator and follows the completion of the specific requirements stipulated before it could ...

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