Chairman of Australia's biggest bank quits

The chairman of Australia’s biggest bank resigned today after a multi-million dollar foreign currency trading scandal rocked the institution.

Chairman of Australia's biggest bank quits
Mon, 16 Feb, 2004 - 09:54

The chairman of Australia’s biggest bank resigned today after a multi-million dollar foreign currency trading scandal rocked the institution.

The decision by National Australia Bank Chairman Charles Allen to leave the company came just two weeks after Chief Executive Frank Cicutto quit in the wake of rogue trades that ran up a loss of €229.2m.

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