[shoo_pl]

It's not a multi-billion company, it a bank that has billions of loans and deposits (assets and liabilities). Yes, its a profitable bank but on order of magitude lower scale:

> It also logged a pretax profit of £88 million ($106.5 million) in its last fiscal year ended December.

[Teandw]

You can't have a profitable bank that's insolvent. That doesn't make sense.

The company has gone insolvent because it's no longer profitable.

[ClumsyPilot]

banks are not 'normal' companies.

Their Liabilities and assets outmatch their 'profit' by 100x.

They could be making a handy profit yesterday and be bancrupt today because the market has moved. Normal companies can't go bancrupt in one day