Did anyone see that Inside Business show this morning.. The host had an interview with the Commonwealth Bank CEO and they spoke about large provisions for doubtful debts that will effect the CBAs bottom line in months to come. I'm pretty sure that the CEO said that the CBA had appointed some sort of administrator to investigate Allco and its books to determine what they can expect to get from them and how they are shaping up..
The host of the show said once this sort of activity happens companies rarely come back from this and it pretty much spells the end.
Didi any one else see the show???
Channel 2 10:00 A.M.
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