Listen here: Stuart Theobald on the collapse of Ubank

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: