"Don't think banks would want VA. No real need provided their capital is protected by assets."
that is a bone of contention atm, there is a shortfall of very roughly somewhere between 50 and 500 m in asset value to cover the banks and the banks have just been down runged on the AETD ladder behind Beppas. Well done Bronte..
The banks now need to wait a bit to get that difference reduced, and sort out how the AETD distribution will be distributed, therefore the new court challenge possibilities in any arrangement regarding same.
RBS have no need to take any loss at all on there Beppas, they do nicely any way it goes, especially now due to :- Well done Bronte...
The no lose position was why I suspected RBS were always accumulating and it was BAM who provided that position, ironic, and BAM even asked RBS to participate in the equity side lol.
RBS are a bank, banks like debt, not equity.
ifandwhen
BBI Price at posting:
3.5¢ Sentiment: Hold Disclosure: Held
