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National Australia Bank Ltd

BNZ Loses Court Case With $654m In Tax And Interest In Dispute

BNZ Loses Court Case With $654m In Tax And Interest In Dispute
Wellington, July 16 NZPA - National Australia Bank (NAB) switched a structured finance transaction from the UK to New Zealand when NAB's UK tax position became uncertain.

BNZ Loses Structured Finance Court Case

BNZ Loses Structured Finance Court Case
Wellington, July 16 NZPA - Bank of New Zealand has lost a court case in which $416 million of tax resulting from international structured finance transactions was disputed, but the bank said it is likely to appeal.

Australians Laundered Millions Through NZ Accounts

Wellington, July 14 NZPA - Two Australian entrepreneurs who laundered millions of dollars through New Zealand banks are to pay the Australian Tax Office over $NZ40 million in tax and penalties.

Kiwibank Boss Says Model Would Work In Australia

Kiwibank Boss Says Model Would Work In Australia
Wellington, July 8 NZPA - Kiwibank's boss thinks the bank's business model would work well in Australia and provide competition to the big four banks.

BNZ Restructures Divisions, Blair Vernon Is Leaving

BNZ Restructures Divisions, Blair Vernon Is Leaving
Wellington, June 26 NZPA - Bank of New Zealand is farewelling a senior strategy executive and restructuring its business and market orientated divisions. Blair Vernon, general manager of strategy and marketing, is leaving on July 3.

Volatile Currency Important Issue For Fund Managers

Wellington, June 25 NZPA - Superannuation fund managers are taking more notice of the impact of currency movements on their returns after some big moves in foreign exchange markets during the global financial crisis, according to BNZ Capital.

NZ Dollar Ends Week Near Where It Began

NZ Dollar Ends Week Near Where It Began
Wellington, June 19 NZPA - The New Zealand dollar ended the week pretty close to where it started it even though the central bank tried to talk the currency down. The NZ dollar was at US63.85c at 5pm, up from US63.02c at the same time yesterday. It was US64.10c at 8am on Monday.

NZ Dollar Firm As Investors Disregard Rbnz Warning

NZ Dollar Firm As Investors Disregard Rbnz Warning
Wellington, June 18 NZPA - The New Zealand dollar consolidated in a fairly narrow range in its domestic session after rising on Wednesday night. By 5pm the NZ dollar was buying US63.02c, little changed from US63.05c at 5pm yesterday.

Bollard Warns About Markets, Banks About Recovery

Bollard Warns About Markets, Banks About Recovery
Wellington, June 17 NZPA - Reserve Bank of New Zealand Governor Alan Bollard today tried to talk down the NZ dollar and talk banks into cutting interest rates, but analysts do not expect "bank bashing" to work.

Chris Ford: Banks Need To Be Nationalised To Stop Them Gouging Us!

Parliament's finance and expenditure select committee yesterday released a report accusing the banking sector of gouging at the expense of ordinary customers like you and me at a time of global recession.

Credit Card Comparison TablesCompare Credit Cards - Independent interest rate and fees comparisons for New Zealand banks.