Banking Syndicate Approval - What has changed since?, page-3

A natural conclusion Nikk. In addition, no pressure to change executive or board it would seem - assuming Ms Lane and Mr. Court resigned of their own volition, which I am sure they did.

* Incidentally, S&G are recruiting for NIHL fee earner and case advisor. Could be just replacements on turnover but why replace at all if the portfolio is falling in a heap?

So, what if the banks just care about getting their money back. That is stating the obvious and the same applies to any provider of capital.

There is an element of embedded non-recurring WIP from acquisitions and off-balance sheet WIP. However, if it is turning cash then the assumption must be it will continue to do so with new better quality cases, perhaps at lower volume but partially offset with better quality and greater fee. I'm certain that is how the banks advisers, those crawling all over the place, will view it and that is what will have been reported back to the banks risk committee.


* news flash - fresh news for those tired of reading 'same-old'