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Chimaera fall-out hits WA companies

Two Western Australian companies have become entangled in the fall-out of Primebroker Securities Ltd, part of the Chimaera Financial Group.

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Comments

Who taught the ANZ how to lend money. Some time a lender needs to stand back and have a look at what might happen over the term of a loan. Yes they will see risk and yes that should be a warning sign to at least price for the risk. Mind you they haven't even looked at Esanda yet. It is a ticking bomb and it will go off. What control do they have over Brokers- Answer- None- Brokers are running the Esanda loan book

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