This is too everywhere! It makes no sense! Or is it me who's not catching on?
No, I'm quite confused as well, but I suppose that's just because I know nothing about business and I kinda skipped over the parts where they were talking about it. Could someone explain why the contract being terminated is a bad thing?
I'm assuming the other party is a very important investor or somesuch for the bank, and losing a contract after several years of apparently good business will cause confidence in the bank (and thus its stock) to plummet, which will be very bad for its business prospects and even lead to layoffs or - in a worst-case scenario where other investors and business partners follow suit and cancel their own contracts - spiralling into bankruptcy.
That can be translated to 'They are fucked' right? But if not, I'm sure they'll soon be.
