The Aussie banks are under a lot of scrutiny, both at home and here in NZ. What better way to demonstrate a change than to crack down on a NZ subsidiary?
Odd isn't it? Teflon John always seems to be making deals which are clean but somehow have a whiff of fish (probably flounder from Omaha), but nothing obviously illegal. I do suspect one day he will be smoked out.
Odd isn't it? Teflon John always seems to be making deals which are clean but somehow have a whiff of fish (probably flounder from Omaha), but nothing obviously illegal. I do suspect one day he will be smoked out.
Odd isn't it? Teflon John always seems to be making deals which are clean but somehow have a whiff of fish (probably flounder from Omaha), but nothing obviously illegal. I do suspect one day he will be smoked out.
that article doesn't really show that it has. not really any super hard questions being asked.
Maybe they should've sent Hisco on his way due to the reserve issue as well.
Looking forward to any developments <grabs popcorn>
Nothing has changed in banking circles, at the highest levels at least
ANZ issues and then we’ll never know why the newly appointed CFO for BNZ never turned up for work.
We do know!
She was CFO for 6 years at Ambank (Malaysian bank then partially owned by ANZ) which was at the heart of the biggest corruption case in history, Malaysia's 1MDB. Former Prime Minister Najib's personal account at Ambank recieved $US681m in overseas funds. This she would have had to have known about.
She could have and should have resigned, once she knew what was going on. Good on the RBNZ for blocking her appointment. We don't want yes people in charge of NZ banks.
She was CFO for 6 years at Ambank (Malaysian bank then owned partially owned by ANZ) which was at the heart of the biggest corruption case in history, Malaysia's 1MDB. Former Prime Minister Najib's personal account at Ambank recieved $US681m in overseas funds. This she would have had to have known about.
She could have and should have resigned, once she knew what was going on. Good on the RBNZ for blocking her appointment. We don't want yes people in charge of NZ banks.
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