Donaldson didn’t immediately respond to voicemails left by Bloomberg. He caused the bank as much as A$5 million ($4.5 million) in losses, the Australian Financial Review reported earlier Monday, without saying where it got its information. The sum involved wasn’t material to the bank and didn’t have an external impact, Cox said by e-mail.
The trader’s activities had no connection to any global probes into currency markets, Cox said.
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