I freely admit I do not understand the whole of this story, but it seems that those in the know are pretty pissed off with CBA at the moment.
In a rattling embarrassment which is likely to see executive heads roll, and perhaps trigger an investigation, the Commonwealth Bank has been forced to can its $2 billion issue launched only last night.
It seems that at midday yesterday the bank started to promote a $1 billion fund raising . At 430pm the deal was closed as “successfull”. But then the bank announced that it had greater exposure to bad debts than it had previously announced.
And this timeline has upset some of the institutional investors.
It’s the sort of thing you’d expect from a $20 million explorer, not a top 100 company.
And Ralph Norris will probably still get his $11 million bonus.
What a bunch of bankers!
joni
Filed under: Australian Economy | Tagged: CBA, debt
It’s a bit like asking a girl to marry you…………………
She accepts…………
You both get married………………………..
And then you tell her on the big night that you have a slight dose of herpes and you get a few warts from time to time.
Adrian – how did you get my medical records? LOL
Adrian…………………………..?
Eh…………………………?
D’oh!
See what herpes does to you!
When did Joni ask a girl to marry him?
Yeh thanks Joni,
Now everyone is gunna think I’m a “sock puppet” thanks to you !
Gawd………………….!
Did you really have to pick Adrian………………?
James LOL
Once here I guess I stick in the mind like herpes to genitals.
Don’t know whether it’s a good or bad thing I’m that memorable.
The CBA has come a long way since it was sold…I have my money at the Bank of Queensland and actually have a bank manager that knows and cares.
If a peoples bank were ever to eventuate then I would seriously consider transfering my funds there but it will never happen.
Off topic…there has been some flucker sending me some pretty homophobic sh!t through my web site…a very silly move as you will find out!
This is dedicated to this pissant!!!
Music break.
http://uk.youtube.com/watch?v=X9tW9g7JE7I
there has been some flucker sending me some pretty homophobic sh!t through my web site
9. scaper… | December 17, 2008 at 12:02 pm
Mmmmmmmmmmmmmmmm…………………..!
Maybe in your neverending quest to reunite all the Blogocrats you accidentally found God forbid…………..”Pilgrim”.
Walrus, the stuff is beyond Pilgrim’s capabilities in my opinion.
The person calls himself “Big Fat Guy.”
Never a dull moment on this blog. A story about CBA has morphed into a story (with song) about Brokeback Mountain. And the connection is…? Can’t wait to find out the answer.
Min I guess you’d have to ask Mr Norris what the connection is!
But seriously the CBA don’t just treat their investors with disregard, their staff are among the most badly treated staff in the finance sector with a culture of bullying and intimidation. Have you been into a branch lately and been exposed to their “customer service survey”? It’s dreadful and they use the results to manage staff out. If they get less than 80% score the staff lose big time.
CBA is a relic and is using many outdated and archaic practices in both its employee relations and its shareholder relations. Mr Norris needs to get a grip!
Good to see my previous employer continues along the road of decay from the glory days before privatisation when it actually was a bank for all australians.
“Can’t wait to find out the answer.”
There is no connection apart from a whiner who likes to let others know he is being ‘picked on’ in the hope they will come to his defence.
I wonder what insult was originally dished out by the whiner to get such a response.
Maybe the insulting poster is the ’stalker’ he claims to have. Bwhahahahahah.
Is that the best you can do HUH???
I’m disappointed in you.
15. Huh | December 17, 2008 at 3:36 pm
Wow !!!!!!!!!!!!
Now that’s a bit of a riddle !
LizzyLou | December 17, 2008 at 3:07 pm Yes I do appreciate the seriousness of the situation. I was short changed $20.00. Had paced only maybe 5 steps away from the counter. I immediately approached some person with a badge on his chest. He said, You’re lucky that you didn’t leave the building. The cashier immediately admitted fault and I was given my $20.00.
This managerial type immediately shirt-fronted me with questions such as Who is your Insurance Agent? Have you considered…? As you say..an example of antiquated practices.
“Now that’s a bit of a riddle !’
Ya reckon? Why?
Don’t worry, Scaper, I’ve apparently demonstrated on many occasions that Im a “very sexist” pig. Go figure. I reckon Huh might be just back from his/her Christmas lunch.
19. Huh | December 17, 2008 at 5:43 pm
Oh………………..I see…..
You and scaper obviously dont see eye to eye…!
“I reckon Huh might be just back from his/her Christmas lunch.”
How pathetic are you James?
Another little whiner “I”m being picked on scaper come and defend me’ from that big bad bully who pointed out my lies and came up with an argument I couldn’t deal with’.
I have not seen any post from you that indicates that you are sexist…in fact I said that in the other thread that the only person that came close in the 11,000 posts here thus far would be me.
Go back to the thread, Huh, reread your last post, then please explain to me how “any” and “this” came to have the same meaning. Further, yes I do insist that you come up with further examples of overt sexism beyond one post clearly tongue in cheek posted on the understanding that political debate had been put aside and we were having a bit of fun.
Let’s get back on topic everyone on all of the thread, please.
“beyond one post clearly tongue in cheek posted on the understanding that political debate had been put aside and we were having a bit of fun.”
Riiiiiiight, and all the other sexist posts you’ve written were also a joke. Yeah mate. I believe you. I also believe in the tooth fairy and the great spaghetti monster.
Back on topic due to the risk of getting a thong (undies) thrown in my direction.
I see that the cross blame game has commenced.
http://www.theaustralian.news.com.au/business/story/0,28124,24813929-20501,00.html
I reckon the securities regulator should have a good look at this.
With regard to sexist posts, I’m willing to own up.
I’ve recently posted extensively about my wife’s operation to have her breasts pumped up with chemicals – which has my full endorsement. Also I’ve mentioned my own (private) enlargement surgery.
My mistress is really in favour of my enlargement surgery, and the under 18s are really happy with how Cherrie’s enhancement has worked out.
When it comes to being sexist, I’m willing to give it a go.
Tom,
Injecting cooking oil is much cheaper and has a lasting effect. Your wasting too much money on your wife.
Commonwealthbank got me once..
I now have a huge safe to contain everything even photos.
My wife holds the account so i dont have to talk to banks.