Business Services Industry
Babcock crash may have cost $5.4bn.
Australasian Business Intelligence, June, 2009
Byline: Ian Verrender
Jun 23, 2009 (The Age - ABIX via COMTEX) -- The finalised but as yet unpublished accounts for 2008-09, the last year before its collapse and receivership overseen by Deloitte, show that investment banking firm Babcock & Brown recorded a loss of $A5.4bn. The divestment of its assets is complex, partly because of the many subsidiaries in the fallen empire. Bank lenders are exposed to the unlisted Babcock & Brown International off-shoot but will still receive more than stockholders or noteholders.
Publication Date: 24 June 2009
BABCOCK AND BROWN LIMITED
BABCOCK AND BROWN INTERNATIONAL PTY LTD
DELOITTE TOUCHE TOHMATSU LIMITED
McGRATH NICOL AND PARTNERS SERVICES PTY LTD
NEWS CORPORATION - ASX NWS
AMP LIMITED - ASX AMP...
Premium Content Partnership |
HighBeam Research provides an in-depth online archive library of reference works.
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
