Intellidex Chairman Dr Stuart Theobald joined Bruce Whitfield on 702‘s The Money Show once again this time to discuss the collapse of Ubank.
“Ubank is a fairly unique bank, a small bank operating in a specific area particularly focused on mining and workers on mines. It has been struggling. It has been losing money for what looks like, at least, a steady three years now. That has been eating into the capital of the bank and it’s reached the point where it is unsustainable.”
Listen to the interview here: