Time for a name change for our finance company / bank
The Press is calling Crusher Collins Mrs Heartland - OMG
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Time for a name change for our finance company / bank
The Press is calling Crusher Collins Mrs Heartland - OMG
Probably wasn't good business to lend around 20 % of the loan book to one party so another on the list for you Percy ?
https://www.nbr.co.nz/article/truste...rges-ck-111984
There is another bank more closely aligned with Mr Keys hip pocket, the Bank of America
John would be wise to decline a B of A CFO gig. If the Federal Reserve were to disgorge the rubbish B of A pushed through the discount window and got paid face value for then both he and B of A would be in deep deep trouble.
Boop boop de do
Marilyn
If the AFR is to be believed HBL won't be buying UDC Finance.
"ANZ is set to ink deal with China's HNA ( to buy UDC)."
AFR are usually 'pretty correct' unfortunately (or fortunately?), if these are true, it is quite likely they would have paid anyting, and easily fronted up with all the cash, and ANZ would have liked both these things.
Would be a shame to see another financial services company be brought out by foreigners, but it is what it is
Definitely better that Heartland consume a few small fish than try and swallow one big one.
Best Wishes
Paper Tiger