Can't quite understand the logic in thinking BNB or MQG bussiness will go down. Appart from australia there are not many countries who are raising thier interest rates. If anything they are droping them. Where does BNB get its money from? US and EU money markets. If anything thier borrowing cost will go down with the US interest rate. The only thing will be the Hair cut they will have to put up front to get access to the cheap money. The news today is they have raised some more money for investments in the US.
BNB
babcock & brown limited
