didn' watch the channel 10 news, but simply put, a successful conclusion to the Centro saga will restore a lot of confidence to the banking sector.
It is key critical that the Centro story has a happy ending not only for current CNP sharehoders but also for the wider banking sector. Both ANZ and NAB have been severely punished because of their gloomy prognosis on the sub-prime fall-out.
Centro being of their problem cases along with AFG.
We await the future with a measure of optimism......
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