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View story 1 0 Business Spectator - NAB takes $400m hit to cash earnings http://www.businessspectator.com.au/bs.nsf/Article/NAB-cash-... Submitted by FireApple 3 months, 1 week, 4 days, 1 hour ago National Australia Bank (NAB) will take at least a $400 million hit to its cash earnings spread over the next 10 years from long-term hedges taken to reduce the risk of writedowns associated with its $1.57 billion synthetic collateralised debt obligation (SCDO) portfolio. Tags: NAB comment (0) | Category: Business | Add FireApple as a source Comments Votes (my sources) Votes (Everyone) Add your comment Add your comment If you already have an account, sign in: Email address: Password: If you don't, just complete these fields: (or join Contrarian Investors' News for free) Your name: Your site: (optional) Your comment: (You have up to 5000 characters left) Can you see the 5 most prominent letters/numbers in this image? (case insensitive) Please enter them here: « go back

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