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Judo Bank tanks as loan losses reveal economy’s rapid decline
Once investors get past a 45 per cent share price drop, they’ll worry about how three loans in entirely different sectors and states could go bad all at once.
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afr.com
Judo Bank tanks as loan losses reveal economy’s rapid decline
Once investors get past a 45 per cent share price drop, they’ll worry about how three loans in entirely different sectors and states could go bad all at once.
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‘These things happen’: Judo Bank hits canvas as bad debts shock investors
Judo’s shares plunged 40 per cent to 93¢ in early afternoon trade, wiping $400 million from the company’s valuation.
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news.com.au
Aussie bank’s shares in catastrophic collapse
One of Australia’s banks has suffered a catastrophic share price collapse, wiping hundreds of millions of dollars in a matter of hours.