CBA chief in loop on Calombaris strife

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CBA boss Matt Comyn has been personally briefed on the collapse of celebrity chef George Calombaris’s hospitality empire as the bank prepares to take a reputational and potential $10m hit

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I feel for George, but I don't have much time for food critics. I've been to plenty of fancy restaurants in my time, all over the world. The best ones don't need a cooking show to tout how great they think they are.

It's the old story about the inverse law of borrowing risk. If you owe the bank $10k and cant pay it, its your problem, if the owe the bank $10mill and cant pay it, it's the banks problem.

I think George's empire was built on debt , house of cards

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