Insurer CBL has some explaining to do
Opinion: With shock losses and the wind-up of a core business, a share suspension poses deeper questions.
It’s not quite an accusation of lying but it’s close. The Financial Markets Authority apparently has “concerns relating to the completeness and veracity of information” released to the market by insurer CBL.
Even cloaked in prim regulatory euphemism the message for investors was clear enough –
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Insurer CBL has some explaining to do
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