CBA Silence On Dubai World Exposure Deafening
November 27th, 2009
| Tags: commonwealth bank, dubai, nab, outlook, ratings, trouble-finding, water
Australian banking major Commonwealth Bank of Australia (CBA) has refused to comment on whether the lender has any exposure to troubled sovereign holding company Dubai World. The AAP sought comment from CBA on whether the lender had any exposure to either Dubai World or Dubai Commercial Operations Group LLC. In its response a CBA spokesperson said: “It is not appropriate for the Commonwealth Bank to discuss confidential client information”. The spokesperson refused to make any further comment. CBA’s deafening silence follows a statement from rival ANZ which said that the lender had no material exposure to Dubai World.
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CBA Silence On Dubai World Exposure Deafening
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