MQG did well also. So I think BNB up 7% has more to do with the feds decision to extend US bank credit.
Basically, the US banks, get the money cheap from the fed and can keep it moreorless as long as they like. So US banks now have deep pockets and are keen to lend and compete for secure asset backed loans.
This is a big plus for BNB and MQG who rely on big loans to fund their infrastructure investments. IMO it also signals the end of the sub-prime credit squeeze.
IMO expect BNB and MQG to recover considerably.
BNB
babcock & brown limited
what is being insolvent mean, page-8
Add to My Watchlist
What is My Watchlist?