Icap denies alleged NAB involvement
14 Nov 2005
Interdealer broker Icap has denied an accusation made by National Australia Bank (NAB) implicating it in the latter firm's FX and FX option trading scandal (see FO Week Vol 9 No 2).
NAB has accused an individual employee of an Icap subsidiary in Singapore of supplying revaluation data that helped cover up trading losses in the Australian bank's FX options...
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