Search

NAB leads $39bn stocks plunge

THE Australian share market had its largest one-day fall in six months, closing more than three per cent weaker and wiping $38.5 billion from its value, on troubling news from National Australia Bank and a weak lead overnight from Wall Street. The bank said it had made a provision of $830 million on its exposure to a portfolio of collateralised debt obligations, building on a $181 million charge booked in its first half.

Add your comment

BNIQ sponsored byECU School of Business and Law

Students

6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
10th-The University of Notre Dame Australia6,708
47 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer