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Banks at Risk of Bad-Debt Blowout as Aussie Steelmaker Collapses

2016-04-08 17:14:01| Automakers - Topix.net

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Commonwealth Bank of Australia and its competitors are staring at a potential blowout in bad-debt expenses as they try to claw back a combined A$1 billion of loans to steel and iron ore supplier Arrium Ltd., underscoring the looming threat to lenders from the commodities bust.

Tags: risk banks blowout aussie

Category:Automotive

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