I think the PFS deal was generally seen as having been bought at a discount with renegotiated terms due to covid.
it increased the geographic footprint and transaction volue of EML significantly.
clearly we await details and so it’s a bit harsh tarnishing the board already. There are extenuating circumstances such as brexit and migration to Ireland. We shall see when the details come out.
but if you are going to tarnish this board then the boards of CBA, ANZ, NAB and westpac, who paid fines in the hundreds of millions to billions surely are more sullied than ours. And look at their share prices now. Go through every large bank in this world and see who doesn’t have a AML black eye let alone a growing fin tech embedding a global acquisition.
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