I could be wrong, but I think that linked article says the opposite. In my reading of that link, it looks like the reorganised ANZ will stay as one listed security. The umbrella listed company would be new, in that it would no longer be a bank. But it would contain one subsidiary as 'the old fashioned bank we know and don't love', while the other subsidiary is free to pursue fintech opportunities, out of the eye of the banking regulatory authorities.
SNOOPY
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
“Australia's ANZ Group, parent of ANZ New Zealand, announced the plans, to establish distinct bank and non-bank subsidiaries under a share market listed parent holding company”
ANZ in talks with some old none QC accounting provider .... bad as buying Xero... unless someone has got a new fully distributed secure app platform.. and none of those old things are anything but old big database in the cloud solution... ancient duuuuummmm stuff....
buckle up people US bank earnings coming out soon and it could get ugly.
From my history I know when the banks start seeing hard time...It when they allow me to purchase things above my credit card limit before they decline me
Reply With Quote
Originally Posted by huxley
Bookmarks