Tagged: GFC
5 articles we've published with this tag.
MFS/Octaviar: the Gold Coast collapse that unravelled a $2.5bn empireHow MFS Limited grew into a sprawling Gold Coast financial empire, then collapsed in 2008 into one of Australia's longest-running insolvency sagas.By Ray Petrakis
Centro Properties: the $18bn debt maturity that nearly ended it, and the court case on director dutyCentro Properties survived the GFC only just, undone by short-term debt and a balance-sheet reclassification error that produced one of Australia's landmark director-duty rulings.By Ray Petrakis
Storm Financial: the advice firm that wiped out a generation of retireesHow a Townsville financial planning firm built a leveraged investment model that worked brilliantly in a bull market — and then destroyed thousands of ordinary Australian lives when the GFC arrived.By Ray Petrakis
Allco Finance Group: the leasing empire that GFC finished offAllco Finance Group collapsed in 2008 with debts in the billions. The related-party questions that followed were almost as complex as the structure itself.By Ray Petrakis
Babcock & Brown: the gearing machine that couldn't survive the GFCBabcock & Brown was Australia's second-largest investment bank at its peak. Then the debt that built the empire became the thing that destroyed it.By Ray Petrakis