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The Gossip - news from the Finance Sector

The latest news from the FIRST Union finance sector unofficial weblog!

 

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  • ANZ bargaining update

    Friday, September 19, 2014

    Last week we told you that organisers would be holding a second round of ratification meetings until 3 October.

    At meetings that have taken place to date it appears there is little change in workers’ views - they largely oppose the bank’s proposal for increased flexibility, insufficient increases and the disparity between call centre/back office and branch worker increases.

  • FMA questions big banks’ Kiwisaver tactics

    Friday, September 19, 2014

    The Financial Markets Authority has raised red flags over banks attempting to poach Kiwisaver clients, alleging that some bank staff have been telling customers that their credit applications would be more favourably considered if they transferred to the organisation’s savings scheme.

  • Get out and vote!

    Friday, September 19, 2014

    I know we told you last week, but it really is critical that you make sure your voice is heard either today or tomorrow at the polling booth.

    Today is the last day you can enroll to vote, and the quickest and easiest way to make sure you are enrolled to vote is to stop in to your local postshop.

  • ANZ bargaining update

    Friday, September 12, 2014

    Little progress was made at the last round of bargaining, and we are running a second round of ratification meetings, from 11 September to 3 October.

    Organisers are running the meetings and will be in touch with delegates and members to confirm the date and time of your meeting.

    If members haven’t heard from your organiser by the end of the month about when your meeting is taking place - then check with your delegate, or drop Barbara Moses a line on barbara.moses@firstunion.org.nz

  • GE Money up for sale

    Friday, September 12, 2014

    GE Capital, owned by giant US conglomerate General Electric, has confirmed it is looking to sell its Australasian consumer finance operations, including GE Money. In New Zealand this amounts to 450,000 customers, including partnerships with Harvey Norman, Michael Hill and the underwriting of Kiwibank personal loans.

  • Peer-to-peer lending service Harmoney launched

    Friday, September 12, 2014

    On 2 September Harmoney, NZ’s first peer-to-peer lender opened for business. The service matches lenders with borrowers seeking loans and receiving fees for doing so. They currently have $100 million to lend, and some people clearly think it’s a great (or rather profitable) idea – Heartland Bank has bought a 10% stake already.

  • Get out and vote!

    Friday, September 12, 2014

    We’re getting right into the thick of election season and the polls are looking closer and closer. Remember that while this year the official Election Day is on 20 September, there is no single voting day – you can vote early on any day between now and the 20th.

    We are asking our members to get out and vote because last election a third of all eligible New Zealanders didn’t.

  • Sock it to em

    Friday, September 12, 2014

    Anybody who’s ever owned a dog will be familiar with this story – a Great Dane in Portland Oregon was found to have a “large amount of foreign material” in its stomach.

    The payload – 43 and half socks, in varying states of decay!

    The sock-scoffing dog came joint second with a German shorthaired pointer who swallowed a metal shish kebab skewer. First prize went to a frog called Kermit who swallowed 30 rocks from its cage.

  • ANZ bargaining update

    Friday, August 29, 2014

    The bank and the union met again on Thursday for bargaining, having previously failed to make little headway on reaching agreement.

    A little progress was made yesterday but not enough, and the Union will consult with its members again over the next few weeks.

  • Westpac nabbing Gen Y?

    Friday, August 29, 2014

    Westpac believes that its exclusive New Zealand partnership with Moven, a mobile money management company, will keep them ahead of the pack in terms of the rapid changes taking place in the consumer uptake of technology.

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