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  • News Date:
    Friday, November 28, 2014
    Body:

    In the three months to September 30 Heartland Bank’s unaudited profit rose $1.1 million to $9.8 million (13%) from the equivalent quarter last year.

    Heartland’s profit in the year to June 30 was $36 million and has forecast 25% growth for the year to June 2015.

    Heartland was formed through the merger of Marac Finance, CBS Canterbury and the Southern Cross Building Society, targeting rural, retail and consumer sectors.

  • News Date:
    Friday, November 28, 2014
    Body:

    New research from National Australia Bank suggests that in 2015 our big banks’ Australian companies (Commonwealth, Westpac, NAB and ANZ) will raise NZ$151 billion, the most since 2009-10.

    This is possible because of globally low funds, which banks are able to use to fuel domestic competition, both here and in Australia.

  • News Date:
    Friday, November 28, 2014
    Body:

    Pregnancy Help Dunedin has set up its own bank – no, not that kind of a bank – a nappy bank, dispensing free cloth nappies in Dunedin, Invercargill, Canterbury, Auckland, Taupo, Taranaki and Central Hawkes Bay.

  • News Date:
    Friday, November 28, 2014
    Body:

    A French inventor has created a pill which, he claims, will make your *ahem* flatulence smell like roses.

    “Our farts were so smelly we were nearly suffocated”, said Christian Poincheval, describing an occasion he was enjoying (or perhaps not) a meal with friends. “Something had to be done.

  • News Date:
    Friday, November 14, 2014
    Body:

    The Union is still looking for Bank Union Council nominations for delegates to step up and fill the vacancies. The following council positions are vacant:

    ANZ: 1 Retail in each of South Auckland, North Shore, Central region and Upper South Island, 1 Banking ops in Wellington and ANZ Direct (Wellington, new position!)

    BNZ: 1 Retail vacancy in each of Northern region (outside Auckland), Auckland, and South Island, and 1 Wellington banking ops.

  • News Date:
    Friday, November 14, 2014
    Body:

    ANZ’s CEO David Hisco has received a 13% pay increase this week, lifting his total remuneration to NZ$4.7 million.

    Hisco was already the top-paid boss in the Business Herald’s latest executive pay survey (published only last month).

  • News Date:
    Friday, November 14, 2014
    Body:

    The Reserve Bank acknowledged this week that while LVRs have taken some of the heat out of the property market (house prices rose 17% in the year before LVRs, but only 8.5% now), they have favoured investors over speculators.

    LVRs are to stay in place for the time being, and the Reserve Bank is eyeing further measures to discourage speculation in the property market.

  • News Date:
    Friday, November 14, 2014
    Body:

    Five major banks on both sides of the Atlantic have been fined NZ$4 billion for their roles in rigging the NZ$7 trillion a day foreign exchange markets.

  • News Date:
    Friday, November 14, 2014
    Body:

    On 8 November 10,000 New Zealanders in 17 locations around the country attended protests against the Trans-Pacific Partnership Agreement (TPPA), including 3000 in Auckland, 1000 in Palmerston North, 1500 in Wellington, 2000 in Christchurch and 1000 in Dunedin. At the same time the #TPPANoWay hashtag trended no 1 across New Zealand and no 2 worldwide!

  • News Date:
    Friday, November 14, 2014
    Body:

    Hacker-activist Jeremy Hammond, considered a mastermind, believes his ultimate downfall was because of his cat.

    In 2012 FBI agents raided his home with assault rifles while Hammond dashed to his room to shut his encrypted laptop.

    However Hammond’s encryption programme proved too easy for agents to crack and get the evidence to put him in prison.

    “My password was really weak”, he recounted, having used his cat’s name, Chewy, with 123 on the end.

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