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.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed…

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles