now the question is... how does FinBonds book look? how do they control unsecured loans, could the same happen to the others? obviously with rising interest rates and cost of living these unsecured loans to people that could barely afford to pay them off will start to become dangerous as ABIL has just found out? who knows more info on the other providers of these things in the market?
Abil might go to ZERO. Just check what happened to BES in Portugal last week... The Reserve bank bailed out the "good bank" and shareholders will get the "bad bank". Looks like the same will happened here. Hope not :(