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  1. #621
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    Quote Originally Posted by winner69 View Post
    Hypothetical question: What would you say if someone offered you an investment with a promised pre-tax return of close to say 20% pa over many years?.

    You mighty say: “How much can I buy?” or like most sensible people: “What is the catch?”
    I have been looking for my first home to buy and that's exactly I am getting a lot! Cheap? there is always a catch to it...

  2. #622
    Speedy Az winner69's Avatar
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    Quote Originally Posted by macduffy View Post
    Did they say that, ie that they had been miscalculating their adherence to current capital rules - or did they warn that tighter lending and probably higher costs would follow the RBNZ's proposed higher capital requirements?
    They admitted that their ‘model’ wasn’t liked by the RBNZ

    One main point they noted was that their calculation re Agriculture loans was way out of kilter with what other banks (and banking industry experience) considered prudent.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  3. #623
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    Quote Originally Posted by pg0220 View Post
    I have been looking for my first home to buy and that's exactly I am getting a lot! Cheap? there is always a catch to it...
    It is tempting for first home buyers to take bigger risks to save for deposits that have grown in size over the years by far more than the after tax increase in incomes.

    They are on the wrong side of the systemic lift in house prices that is the result of the shift to a low interest rates.

  4. #624
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    ANZ sharing in the election effect this morning. Up $1.65 in Aussie!

  5. #625
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    Certainly a nice swing back up from Friday-pleased I bought on the dip then.

  6. #626
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    "This increases the minimum capital ANZ must hold for operational risk by around 60 per cent, to $760 million, the Reserve Bank said."

    60%, that is massive. If our main banks are prepared to act like this, how can the Reserve Bank say that there is no need for an investigation equivalent to the Royal Commission in Australia? Why, because the RB asked the banks if they were doing anything dodgy but they said no and the RB said OK, no inquiry necessary.
    Sorry ordinary people, you are just here to be abused because these rules and regulations are in place to protect you and so by default, you are the ones being abused.

  7. #627
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  8. #628
    Speedy Az winner69's Avatar
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    Calls for Key and others to resign

    Pretty slack governance

    https://www.stuff.co.nz/business/113...esign-from-anz
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  9. #629
    Speedy Az winner69's Avatar
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    NZ CEO shown the door

    http://nzx-prod-s7fsd7f98s.s3-websit...104/301740.pdf

    “characterisation of the expenses” is an interesting term
    Last edited by winner69; 17-06-2019 at 09:54 AM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  10. #630
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    Quote Originally Posted by winner69 View Post
    NZ CEO shown the door

    http://nzx-prod-s7fsd7f98s.s3-websit...104/301740.pdf

    “characterisation of the expenses” is an interesting term
    The "Smiling Assassin" strikes again. Must be pretty serious with Hisco agreeing to forfeit $6.4 M in shares.

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