Personally, I think it's folly to describe it as cash in the bank. It's a deposit with the bank, and deposits are only 1-3% cash backed and the rest is backed by loans of some sort. Even a bank as big as CBA would have trouble producing $500m cash on short notice; BOQ certainly doesn't have the firepower to accomodate a $500m cash withdrawal - without another recapitalisation/bailout.
Personally, I think it's folly to describe it as cash in the...
-
- There are more pages in this discussion • 35 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
