Why should a bank waste its shareholders money funding a loss making contractor?
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FGE job was to make money in construction. ANZs job is to make money in banking. There is no reason why ANZ should say- "we can afford to lose money on FGE- we will give them more" Please.
The only reason ANZ should advance more money to FGE is because it thinks FGE can trade out of its troubles.
Yes- I do own ANZ shares.
