Provided shareholders approve the sale to WBC on Monday, why wouldn't the board hike the rates up for all customers on their loan book.
I understand the funding situation, but maybe they should force customers to run & pay the loan break fee by imposing uncompetitive rates on them. This way they won't need to source funding to keep going. It's clear the business is dead, its just a matter of re-couping as much back to send back to the shareholder.
Any thoughts anyone?
Add to My Watchlist
What is My Watchlist?