ANZ ditching National Bank brand

[drelly]

http://www.interest.co.nz/news/61307/anz-says-national-bank-brand-be-phased-out-over-two-years

They're claiming the only job losses will be 200 IT staff. We have 2 ANZ branches and 1 NB branch in the Whangarei CBD. There's no way they will keep all the staff. I'm sure it will be similar elsewhere.

[Maccachic]

Hmm had a phone call a couple of days ago by National just checking in, I managed to get 4.95% for 1 year out of them with less than 20% equity.

[speights boy]

........ with less than 80% equity.

Pretty harsh conditions....perhaps.
No wonder ANZ is sending the black horse to the knackers yard.

Re your reply below.
If I was asking for a 20% LVR loan I'd be wanting less than 4.95% interest.

[Maccachic]

Ask and ye shall recieve

[Davo36]

Hmm had a phone call a couple of days ago by National just checking in, I managed to get 4.95% for 1 year out of them with less than 80% equity.

They don't want to keep me as a customer, because the best they will offer me is 5.7%. So I'm looking around...

[BerkeleyCapital]

I know its tough on those who lose their jobs but businesses have the right to be profitable.

[Davo36]

Dude, they made a billion dollar profit last year...

[speights boy]

Their return on equity is less than it was pre GFC.
Possibly didn't want to pay the Lloyds TSB fee which was up for renewal in 2014.

[Maccachic]

Re your reply below.
If I was asking for a 20% LVR loan I'd be wanting less than 4.95% interest.

Sorry worded that wrong LVR is 90% haven't had a valuation done but off current GV was brought a peak as a home now rental.

[speights boy]

Yep, we knew that Mac.
I was just teasing and having a giggle at the 80% equity slip.....

[Maccachic]

Coffee deficiency...

[speights boy]

[SwissKiwi]

"please can I have a discount because I like the colour green better than blue"

certainly worth a shot but honestly who cares.

[Dunning]

Pretty harsh conditions....perhaps.
No wonder ANZ is sending the black horse to the knackers yard.

It was already there.

http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10837448

[speights boy]

Oh dear.

At the time those comments were made, we were unaware of Cody's sad passing," Stefan Herrick of ANZ said yesterday.

Or as Homer would say......"D'OH"