THE DISTILLERY: Suncorp's monkey swings

Jotters reveal why Suncorp's asset sales to Goldman Sachs leave it better off, while another spends some time with bond trader turned author and journalist, Michael Lewis.

Suncorp boss Patrick Snowball has referred to the lender’s ‘bad bank’ as the ‘monkey on his back’. Almost every commentator uses that expression somewhere in their copy this morning, now that he’s succeeded in offloading the loans to Goldman Sachs. While Suncorp has taken quite a hit for the privilege, the monkey is gone, outta here, and the vehicle that Snowball now heads is a much better company for it.



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