Live Breaking News & Updates on Professor In School Of Economics

Stay updated with breaking news from Professor in school of economics. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Business Scoop » Hostage To Fortune: Why Westpac Could Struggle To Find The Right Buyer For Its NZ Subsidiary

The recent announcement that Westpac is “reviewing” ownership of its New Zealand business caused some speculation the decision might be due to the bank’s lower profitability. But this would be unlikely grounds for a sale, and was more a consequence of COVID-19’s impact than anything.
In fact, Westpac’s New Zealand profits should be considerably higher this year close to NZ$1 billion, as opposed to the $550 million in the previous year (to September 30 2020). Based on past experience, a sale price of $10 billion (AU$9 billion) would not be unreasonable, possibly even higher.
More likely, the proposed sale is due to the complex and conflicting regulatory requirements of the Australian and New Zealand banking supervisors. We saw this in the decision of the New Zealand supervisor, the Reserve Bank of New Zealand (RBNZ), to require banks to be positioned for “open bank resolution” (OBR). ....

New Zealand , Martien Lubberink , Herenga Waka , National Bank , Zealand Stock Exchange , Professor In School Of Economics , Victoria University Of Wellington , China Construction Bank , Massey University , Zealand Superannuation Fund Or Accident Compensation Corporation , Australian Prudential Regulatory Authority , Te Herenga Waka Victoria University Of Wellington , Zealand Commerce Commission , Victoria University , Wellington The , David Tripe , Reserve Bank , Commerce Commission , New Zealand Superannuation Fund , Accident Compensation Corporation , New Zealand Stock , New Zealand Owned , Commercial Bank , Associate Professor , Creative Commons , புதியது ஜீலாந்து ,

Hostage To Fortune: Why Westpac Could Struggle To Find The Right Buyer For Its NZ Subsidiary

Hostage To Fortune: Why Westpac Could Struggle To Find The Right Buyer For Its NZ Subsidiary
scoop.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scoop.co.nz Daily Mail and Mail on Sunday newspapers.

New Zealand , Martien Lubberink , Herenga Waka , National Bank , Zealand Stock Exchange , Professor In School Of Economics , Victoria University Of Wellington , China Construction Bank , Massey University , Zealand Superannuation Fund Or Accident Compensation Corporation , Australian Prudential Regulatory Authority , Citizen Community , Foundation For Public Interest Journalism , Zealand Commerce Commission , Hostage To Fortune , Reserve Bank , Commerce Commission , New Zealand Superannuation Fund , Accident Compensation Corporation , New Zealand Stock , New Zealand Owned , Commercial Bank , Associate Professor , Victoria University , Creative Commons , Scoop Citizen Community ,