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!!