Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.


View this topic in a long page with up to 500 replies per page Create new topic
1 | 2 | 3 | 4 | 5 
117 posts

Master Geek
+1 received by user: 39


  Reply # 2118689 2-Nov-2018 17:30
Send private message quote this post

JimmyH:

 

This is inaccurate and misleading. Before this is triggered and depositors take a haircut the bank's shareholders (=owners) first lose all of their investment. It's more accurate to say: "They can take higher risk investments. When they pay off then sweet profits for the shareholders. When they fail then the shareholders lose money and can be wiped out."

 

Good summary here.

 

 

So who owns the bank after the crisis (assuming there is something left to own)?


14449 posts

Uber Geek
+1 received by user: 1899


  Reply # 2118710 2-Nov-2018 18:47
Send private message quote this post

gzt: I've been hearing the customer service for new mortgages is excellent. Maybe success in that area is not driven with targets and the like. Ie; good old customer service at work.

 

 

 

Things aren't so great if you want to save, as interest rates are still dropping.  So if someone is saving for a mortgage on a house or for retirement etc, they aren't going to get much interest on that saving to grow it. 


 
 
 
 


Linux Systems Admin
965 posts

Ultimate Geek
+1 received by user: 159

Trusted
Integrity Tech Solutions
Subscriber

  Reply # 2118737 2-Nov-2018 20:37
Send private message quote this post

Lias:

 

See, I go out of my way to favour organisations that are NOT in it to make profits. E.g. Started doing some of my banking with The Co-Cooperative Bank(customer owned), medical insurance via Southern Cross (Not for profit) etc.

 

You will likely change your mind if you start a business (NZ banks are lousy at business banking) or marry a foreigner (if you are single - because NZ banks think foreigners are crooks and money launderers)


Linux Systems Admin
965 posts

Ultimate Geek
+1 received by user: 159

Trusted
Integrity Tech Solutions
Subscriber

  Reply # 2118740 2-Nov-2018 20:42
Send private message quote this post

As banks go, I give ANZ some kudos.

 

They were prepared to give myself and my recently immigrated wife a joint account early on when other banks were putting up hurdles and outright rejecting her due to her foreigner status.

 

The local banks - of which Kiwibank is the worst - are so short sighted and stuck up, they are doing themselves out of a good source of new business.


12142 posts

Uber Geek
+1 received by user: 3961

Trusted
Lifetime subscriber

  Reply # 2118754 2-Nov-2018 21:35
Send private message quote this post

MichaelNZ:

 

As banks go, I give ANZ some kudos.

 

They were prepared to give myself and my recently immigrated wife a joint account early on when other banks were putting up hurdles and outright rejecting her due to her foreigner status.

 

The local banks - of which Kiwibank is the worst - are so short sighted and stuck up, they are doing themselves out of a good source of new business.

 

 

 

 

Sorry to hear that. When we first moved here, we actually had no trouble opening accounts at what was then PSIS, even when we were on tourist visas and/or short work permits. I guess things have changed.






1 | 2 | 3 | 4 | 5 
View this topic in a long page with up to 500 replies per page Create new topic



Twitter »

Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.


Geekzone Live »

Our community of supporters help make Geekzone possible. Click the button below to join them.

Support Geezone on PressPatron



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.