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  1. #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!!

  2. #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 08:58 PM.

  3. #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.

  4. #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??

  5. #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!

  6. #676
    ShareTrader Legend bull....'s Avatar
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    Big banks' rural lending threats are just bluff and diversion

    https://www.stuff.co.nz/business/opi...-and-diversion

    agree that a commission should be appointed in NZ the longer politicians ignore it the more faith is lost in banks as an insitution
    one step ahead of the herd

  7. #677
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    Headline in .NBR behind paywall
    WATCH THIS SPACE
    Sir John Key drops hints at NZX soiree.......
    Anybody able t give any clues as to what the hints concerned.
    Thanks in advance.

  8. #678
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    ANZ has clearly been a victim of corporate excesses, poor governance and mismanagement from their ill conceived plan build a "super regional" bank by expanding in Asia to misselling products and not effectively handling regulators.


    ...So I've just bought in as a long term hold. If a bank can remain that insanely profitable despite directors and senior managers trying this ferociously to destroy shareholder value one can only imagine that one day, in the very distant future, someone only indifferent to shareholder value might come along and turn things around.

  9. #679
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    Quote Originally Posted by Tomtom View Post
    ANZ has clearly been a victim of corporate excesses, poor governance and mismanagement from their ill conceived plan build a "super regional" bank by expanding in Asia to misselling products and not effectively handling regulators.


    ...So I've just bought in as a long term hold. If a bank can remain that insanely profitable despite directors and senior managers trying this ferociously to destroy shareholder value one can only imagine that one day, in the very distant future, someone only indifferent to shareholder value might come along and turn things around.
    Personally, I'd be more inclined to look at a fund or ETF covering the Australian finance sector as a whole, rather than bet on a single company. My chosen vehicle is OZF.

  10. #680
    ShareTrader Legend Beagle's Avatar
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    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

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