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National Australia Bank Ltd

Transition Agency Head Says Redundancies Likely

Transition Agency Head Says Redundancies Likely
Auckland, May 22 NZPA - The man chosen to head the agency set up to manage Auckland's transition to a super city structure says there will be redundancies among local government workers in the city.

NZ Executives Attend Controversial NAB Training Course

NZ Executives Attend Controversial NAB Training Course
Wellington, May 22 NZPA - New Zealand executives have attended controversial training courses for senior National Australia Bank (NAB) executives in San Francisco.

Watercare Boss To Head Auckland Transition Agency

Watercare Boss To Head Auckland Transition Agency
Auckland, May 22 NZPA - Watercare Services chief executive Mark Ford will head the agency set up to manage Auckland's transition to a super city structure. Mr Ford's appointment was announced by Local Government Minister Rodney Hide at a press conference in Auckland today.

BNZ Plans To Raise At Least $150 Million

BNZ Plans To Raise At Least $150 Million
Wellington, May 19 NZPA - Bank of New Zealand is hoping to raise at least $150 million from New Zealand retail and wholesale investors, for general corporate purposes.

Issue Over Leadership Caused Super City Agency Delay - Key

Issue Over Leadership Caused Super City Agency Delay - Key
Wellington, May 19 NZPA - The delay in naming the agency to oversee Auckland's Super City transition was caused by the Cabinet wanting to ensure it is chaired by a person with the appropriate leadership skills, Prime Minister John Key says.

BNZ Headline Half-Year Profit Down 3.8 Pct To $400m

BNZ Headline Half-Year Profit Down 3.8 Pct To $400m
Wellington, April 28 NZPA - BNZ reported a 3.8 percent fall in half-year headline net profit to $400 million, as increased bank funding costs and an expected rise in bad debt charges hit earnings.

Court Case Could Help Decide On $2b Unpaid Taxes And Interest

Court Case Could Help Decide On $2b Unpaid Taxes And Interest
Wellington, March 16 NZPA - High Court proceedings today involving Bank of New Zealand and the Inland Revenue Department (IRD) are part of a process that could eventually cost the big banks an estimated $2 billion in unpaid taxes and interest.

Banks Take Different Tacks In Passing On New Low In The OCR

Banks Take Different Tacks In Passing On New Low In The OCR
Wellington, March 12 NZPA - Bankers were on a hiding to nothing today when some of them passed on the Reserve Bank cuts in the official cash rate (OCR) to some customers - and not to others. ANZ said all of its borrowers would benefit.

No Job Losses Yet At Bank Of New Zealand

No Job Losses Yet At Bank Of New Zealand
Wellington, March 12 NZPA - Bank of New Zealand's 5300 employees breathed a sigh of relief today, but job losses are still in the offing. Speculation of widespread job losses in a strategy statement by parent National Australia Bank (NAB) today proved unfounded.

Reserve Bank Cuts Cash Rate To 3 Percent, Seen Falling Further

Reserve Bank Cuts Cash Rate To 3 Percent, Seen Falling Further
Wellington, March 12 NZPA - The question of how low interest rates should go is being hotly debated in the wake of today's half a percent rate cut, but no one is saying all the way to zero.

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