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STOCKS - AUSTRALIAN SHARES OPEN HIGHER - FEB 2, 2004.
SYDNEY, Feb 2 Asia Pulse - The Australian share market jumped higher at the open as the market's focus was again drawn to the National Australia Bank.
NAB bolted higher after its chief executive Frank Cicutto resigned this morning in the wake of the $360 million foreign exchange trading scandal.
"The big story today is the big gain in the National Australia Bank share price on the back of the unexpected announcement of the resignation of Frank Cicutto," Macquarie Equities private client adviser David Halliday said.
"The market is up, bucking the trend of the US."
By 1018 AEDT NAB was up 66 cents or 2.13 per cent at .21, with 2.71 million shares changing hands worth $84.83 million.
The benchmark S&P/ASX 200 index was 12.5 points higher at 3284.5 ...
- National under pressure to put overseas strategy back on tract. (News).(Frank...
- Magazine article from: Australian Banking & Finance Foley, Kevin November 29, 2002 700+ words
NATIONAL AUSTRALIA BANK chief executive Frank Cicutto promised faster international...which holds 350,000 National Australia shares. "They're reaching...Capital Management and holds National Australia stock. "Acquisition speculation...
- HOW OUR LEADERS SEE THE YEAR AHEAD.(Frank Cicutto of National Australia Bank...
- Magazine article from: Australian Banking & Finance August 17, 2000 700+ words
FRANK CICUTTO MANAGING DIRECTOR, NATIONAL AUSTRALIA BANK GROUP. "We will gain the benefits of the integration of MLC as well as the general improvements we have made to our operations...
- Market welcomes NAB revamp: the market has welcomed the move by NAB chief...
- Magazine article from: Australian Banking & Finance January 31, 2004 700+ words
...may cost Melbourne-based National Australia 3.2 per cent of 2003 pre...February, Cicutto says. National Australia, which has hired PricewaterhouseCoopers...banking analyst Brian Johnson, Frank Cicutto has presided over 14 "evil...
- Banks hone plan of attack for the global theatre: six global bank...
- Magazine article from: Journal of Banking and Financial Services O'Connell, Bryan February 1, 2003 700+ words
...Bryan O'Connell of B@nkfin Consulting. Six leaders from leading global banks, including National Australia Bank head and AIBF president Frank Cicutto, addressed the forum on the theme of `complexities and challenges of globalisation for...
- National Australia Bank.(profile of bank [including finances] and Frank...
- Magazine article from: Australian Banking & Finance August 16, 1999 700+ words
...Telephone: (03) 9641 3500 National Australia Bank is Australia's largest...magazine's Bank Atlas. Mr Frank Cicutto Managing Director & Chief...Manager, NSW and the ACT for National Australia Bank, and prior to that General...
- Market concerned Cicutto not playing the right ball: as a teenage messenger for...
- Magazine article from: Australian Banking & Finance July 31, 2003 700+ words
...1971, promotions lifted him from National Australia's mailroom and by 1999 landed him...Melbourne Cricket Ground. Similarly, at National Australia, "all of our units compete vigorously...t competing hard enough to make National Australia an international power. Four national...
- NAB leads change in executive ranks: the replacement of Frank Cicutto by John...
- Magazine article from: Australian Banking & Finance March 18, 2004 700+ words
As far as the other major commercial, banking and finance organisations go, however, there has been no movement at the top and only a few changes among the top tier of management. Several senior executives at investment banks have stepped down such as the fomer CEO of investment banks ABN Amro and
- Banking in a competitive environment; National Australia Group chief executive...
- Magazine article from: Journal of Banking and Financial Services Cicutto, Frank April 1, 2002 700+ words
As the incoming president of the Institute I would like to pay tribute to the stewardship provided by John McFarlane over the past two years. This is not only my first speech as the president of the institute but also the first public address I have given since September last year. I would have