Aussie Bank Raises CDO Hedges

30 Sep 2008

National Australia Bank said it has raised hedges against its exposure to toxic debt products and is facing a hit to its cash earnings this year to the tune of some A$100 million ($80.5 million). It said it hedged against A$1.6 billion in synthetic collateralized debt obligations, giving ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial