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  1. #11
    Advanced Member Valuegrowth's Avatar
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    How are they going to fix the financial system once and for all? What the safest banks in New Zealand? For me Kiwi bank is the safest followed by ANZ,WP and ASB. I also feel this is the time to avoid Banking and Tech stocks. Please correct me if I am worng.

    https://hbr.org/2012/06/four-ways-to-fix-banks
    Last edited by Valuegrowth; 14-03-2023 at 07:36 PM. Reason: To adjust a sentence.

  2. #12
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    Quote Originally Posted by Valuegrowth View Post
    How are they going to fix the financial system once and for all? What the safest banks in New Zealand? For me Kiwi bank is the safest followed by ANZ,WP and ASB. I also feel this is the time to avoid Banking and Tech stocks. Please correct me if I am worng.

    https://hbr.org/2012/06/four-ways-to-fix-banks
    Just my humble opinion, if it was fixable it would have happened before now.
    We are at that spot on the road where the can has finally come to rest. This could get interesting.

  3. #13
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    Interested to see how the Ausi banks fare this week.

  4. #14
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    Quote Originally Posted by ynot View Post
    Interested to see how the Ausi banks fare this week.
    From Reuters,
    "It was not yet clear if the deal is enough to restore trust in lenders around the world. The first indication could come when stock markets open in a few hours in Asia, Australia and New Zealand."
    The UBS deal to takeover Credit Suisse of course.
    First indication to come from NZ, that's giving us world leading prominence we don't often have.
    Last edited by Nor; 20-03-2023 at 09:21 AM.

  5. #15
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    In UBS/Credit Suisse they've wiped out the tier 1 bond holders but left the ordinary s/holders with something ! ?
    Maybe it makes sense in a way because how can you have a takeover if there are no shareholders?
    To my simple mind it is consoling that in the US situation the worry seems to be flight from their small banks, of which they have thousands, to bigger banks, and we mainly have bigger banks.

  6. #16
    Advanced Member Valuegrowth's Avatar
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    Quote Originally Posted by ynot View Post
    Just my humble opinion, if it was fixable it would have happened before now.
    We are at that spot on the road where the can has finally come to rest. This could get interesting.
    Thank you for your comments Ynot. As long as they delay fixing the finacial system, we may see banking crisis agian and again. I am wary about keeping money in banks. Rather,I will buy value stocks.
    https://www.theguardian.com/business...s-long-overdue

  7. #17
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    Quote Originally Posted by Valuegrowth View Post
    Thank you for your comments Ynot. As long as they delay fixing the finacial system, we may see banking crisis agian and again. I am wary about keeping money in banks. Rather,I will buy value stocks.
    https://www.theguardian.com/business...s-long-overdue
    With reference to fixing the US financial system, some say the Fed is a structural defect in the US financial system .
    I know limited detail of the Fed function but it is certainly unique and is not exempt of detractors.

  8. #18

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