Hahahahaha! :t_up: Too profitable for that marlarky!
Just milk your customers a little harder!!
Printable View
Oh how the banksters cry wolf!
Withdrawing from NZ would cost ANZ an expensive re-branding exercise :p
Something they may need anyway the way their corporate governance and culture is killing their brand.
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.
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
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.
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.