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Can Bank be trusted Vote_lcap68%Can Bank be trusted Vote_rcap 68% [ 178 ]
Can Bank be trusted Vote_lcap18%Can Bank be trusted Vote_rcap 18% [ 47 ]
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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Can Bank be trusted

Can Bank be trusted

2 posters

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1Can Bank be trusted Empty Can Bank be trusted Mon Sep 17, 2012 6:31 am

Wannabie


Stock Trader
I was reading following article;
http://www.theage.com.au/business/forrests-bold-plan-to-save-his-empire-20120914-25xvz.html
Can we trust our bank?

2Can Bank be trusted Empty Re: Can Bank be trusted Mon Sep 17, 2012 6:53 am

anu

anu
Manager - Equity Analytics
Manager - Equity Analytics
@Wannabie wrote:I was reading following article;
http://www.theage.com.au/business/forrests-bold-plan-to-save-his-empire-20120914-25xvz.html
Can we trust our bank?

Thanks. Interesting read. But what is your point? Do you think the banks are unfair by this company?

I don't think so. This is a highly geared company and as the iron ore market has really come down since 2008 peaks, company is unable to service loan commitments, even interest part. So it is natural for banks to take action to safeguard their / their shareholder interests.

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