It is the probably going to be the worst collapse in Australian history. The flow on contagion effects are enormous. Westpac looks a lot more like St George Bank could have been not to mention BankSA, Bankwest, and State Bank of Victoria.
Macquarie looks a look more like Babcock and Brown, as well as the flow on effects for Westpac, ANZ, CBA and NAB.
An Australian financial system crisis if Star casino fails.
WBC Price at posting:
$31.74 Sentiment: Hold Disclosure: Not Held
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