"The banking syndicate has been headed by the four major retail...

"The banking syndicate has been headed by the four major retail banks, which, it is understood, are pushing the international financiers to grant approval for the new business plan.

Westpac is leading the charge given it has a $240 million exposure to Babcock, with the lending split between secured and unsecured."


We dont have some of the ebst banks in the world for no reason