The banks have to be careful.
You back the retail investors in BNB into a corner, expect them to stand quietly by while the group is dismembered from underneath them ... all with the expectation that they will get nothing ... while lavish bonus payments are sealed with the management team.
Hmmm ... pull the pin.
In this scenario, at least local law firms will be the beneficiary of a vast influx of insolvency litigation. The banks can have the pleasure of marking their loan impairments to market value.
BNB
babcock & brown limited
