No doubt a cost to depositors as well. I.e. your first $200k deposit we will pay x-1% and on anything above that we will pay x%
Can socialise the cost to everyone :t_up:
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We got a new logo on Sharesies today, exciting development haha...
yeeha
El Nino a bit of a bugger for StockCo (not my favourite subsidiary of HGH). Things getting hot already in AU w/ farmers selling off / culling livestock earlier than normal, means less funding requirements & interest income for stockco all things equal.
https://www.nzherald.co.nz/the-count...AWGZ7UKJHRJKQ/
Dairy price is going up....HGH will be doing fine
Sickening....it took months to go up to $1.70 range....less than 1 week ...SP drop back to $1.60....gosh.....
yep if you read all the asx bank type stock reports they are all saying nim 's under pressure , competition intense. cant see why NZ would be any different
Heard from senior management of Top retail NZ bank ...he was saying economy and consumers viz a viz bank business are doing much worse then expected at this moment ...was predicting we already in recession and next 6 months prospects pretty dim from bank's point of view .
It has been almost 2 years gloom and doom....yet heartland always delivers.
The economy is now at the button cycle.... definitely reached the button..now the world economy is starting to tick slowly