ANZ may lose 40pc of National customers
The ANZ could potentially lose 30 to 40 per cent of its National Bank customers by dropping the brand, a banking expert says.
The ANZ could potentially lose 30 to 40 per cent of its National Bank customers by dropping the brand, a banking expert says.
A South Auckland teenager has become a millionaire from an investment belonging to his parents because they didn't get around to transferring it into their names.
Credit card surcharges may not have resulted in the lower prices for the consumer that were predicted when they were introduced.
Banks are dropping mortgage rates and offering cash sweeteners, loaded credit cards, payment of legal fees and tablet computers as they go to war for customers.
New Zealanders are collectively paying more than $600 million a year in interest on personal credit card debt, according to figures from the Reserve Bank.
Govt has foiled an alleged BNZ KiwiSaver scheme which would have offered reduced scheme returns in exchange for mortgage benefits.
The number of mortgagee sales in the first half of this year is close to figures last seen in the recession in 2009.
How would you feel if someone muscled in front of you in the queue at the bank? How would you feel if the manager actually encouraged queue-jumping? Bernard Hickey looks at bank assets.
The four Australian-owned banks earn more out of NZ than banks in most other countries, but that's the price of a sound financial system, says Alan Bollard.
ANZ's decision to cull the National brand is little more than 'a colour change' and should have little effect on customers, says the bank's chief executive.
Join us today from 1pm for a live chat with ANZ chief executive David Hisco on the decision to phase out the National Bank brand.
Rival banks could "very well" use financial incentives to attract customers upset by the closure of the National brand, a banking expert says.