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  1. #661
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    Quote Originally Posted by RTM View Post
    I can remember many comments from contributors to the forum saying they avoid companies with ex-politicians on the Board of Directors.
    Disc: Holding
    Listening to Road Oram discussing the ANZ on nine to noon while painting our kitchen. I could not believe what I was hearing. Surely John Keys position is untenable.

  2. #662
    Update Ready To Install
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  3. #663
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    Certainly untidy. However on the house, Hisco's wife bought it in July 17, Key became chairman October 17.

  4. #664
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    Quote Originally Posted by Sgt Pepper View Post
    Listening to Road Oram discussing the ANZ on nine to noon while painting our kitchen. I could not believe what I was hearing. Surely John Keys position is untenable.
    Thanks for posting.
    Here is the link for those interested.
    https://www.rnz.co.nz/national/progr...d-oram-banking
    Disc. Holding

  5. #665
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    ANZ might not be able to spot its own chief executive 'mis-characterising' his business expenses to the tune of half a million, but it can see a naughty netballer a mile off.

    https://www.stuff.co.nz/sport/netbal...orate-troubles
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  6. #666
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    Quote Originally Posted by winner69 View Post
    ANZ might not be able to spot its own chief executive 'mis-characterising' his business expenses to the tune of half a million, but it can see a naughty netballer a mile off.

    https://www.stuff.co.nz/sport/netbal...orate-troubles
    haha good one winner.

    I'm offended though (because I don't want to be different from everyone else)
    For clarity, nothing I say is advice....

  7. #667
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    Quote Originally Posted by winner69 View Post
    ANZ might not be able to spot its own chief executive 'mis-characterising' his business expenses to the tune of half a million, but it can see a naughty netballer a mile off.

    https://www.stuff.co.nz/sport/netbal...orate-troubles
    This is pathetic from ANZ ? Maybe time to change my bank !

  8. #668
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    Some kind soul should advise ANZ to stop digging that hole!


  9. #669
    Senior Member Marilyn Munroe's Avatar
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    Current events are not going to be helpful for Sir John when he wants to move from the board room of ANZ NZ to the board room of Bank of America.

    Boop boop do do
    Marilyn
    Diamonds are a girls best friend.

  10. #670
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    'ANZ threatens to 'review and reconsider' NZ operations if Reserve Bank pursues capital ratio changes'.
    ANZ group chief executive Shayne Elliott has threatened to review the "size, nature and operations" of the New Zealand business if the Reserve Bank implements its proposed changes to capital ratios, according to his submission released publicly today.
    The capital changes would see ANZ Group reduce investment and reallocate resources away from New Zealand to more profitable businesses, Elliott says.
    "This may also lead the New Zealand business to reduce operational costs (including employee costs)."
    It may also require ANZ Group to "dispose, or cease operation, of the relevant underperforming New Zealand assets or businesses"

    from there submission. so does this mean they might float some of there business on the NZX that would be great. keep up the pressure
    bull

  11. #671
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    Quote Originally Posted by bull.... View Post
    'ANZ threatens to 'review and reconsider' NZ operations if Reserve Bank pursues capital ratio changes'.
    ANZ group chief executive Shayne Elliott has threatened to review the "size, nature and operations" of the New Zealand business if the Reserve Bank implements its proposed changes to capital ratios, according to his submission released publicly today.
    The capital changes would see ANZ Group reduce investment and reallocate resources away from New Zealand to more profitable businesses, Elliott says.
    "This may also lead the New Zealand business to reduce operational costs (including employee costs)."
    It may also require ANZ Group to "dispose, or cease operation, of the relevant underperforming New Zealand assets or businesses"

    from there submission. so does this mean they might float some of there business on the NZX that would be great. keep up the pressure
    Hahahahaha! Too profitable for that marlarky!

    Just milk your customers a little harder!!

  12. #672
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    Oh how the banksters cry wolf!

    Withdrawing from NZ would cost ANZ an expensive re-branding exercise

    Something they may need anyway the way their corporate governance and culture is killing their brand.
    Last edited by Jaa; 02-07-2019 at 09:58 PM.

  13. #673
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    Quote Originally Posted by bull.... View Post
    'ANZ threatens to 'review and reconsider' NZ operations if Reserve Bank pursues capital ratio changes'.
    ANZ group chief executive Shayne Elliott has threatened to review the "size, nature and operations" of the New Zealand business if the Reserve Bank implements its proposed changes to capital ratios, according to his submission released publicly today.
    The capital changes would see ANZ Group reduce investment and reallocate resources away from New Zealand to more profitable businesses, Elliott says.
    "This may also lead the New Zealand business to reduce operational costs (including employee costs)."
    It may also require ANZ Group to "dispose, or cease operation, of the relevant underperforming New Zealand assets or businesses"

    from there submission. so does this mean they might float some of there business on the NZX that would be great. keep up the pressure
    One thing's for sure. Higher capital ratios will result in lower lending in future as each new loan will require more capital to "protect" it. Personally, I think there's been a bit of bluster on the part of the RBNZ to date and that they will moderate their proposals somewhat. Let's not forget that all banks will be affected - tighter credit; a slower economy.

  14. #674
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    Quote Originally Posted by macduffy View Post
    One thing's for sure. Higher capital ratios will result in lower lending in future as each new loan will require more capital to "protect" it. Personally, I think there's been a bit of bluster on the part of the RBNZ to date and that they will moderate their proposals somewhat. Let's not forget that all banks will be affected - tighter credit; a slower economy.
    So a partial share float is unlikely??

  15. #675
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    Quote Originally Posted by Sgt Pepper View Post
    So a partial share float is unlikely??
    Unlikely? Yes, I think so. It would certainly take some heat out of the current situation - but ANZ have had some problems with partly owned investments over the years and now like to have full ownership - or none!

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