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ANZ, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
plastic
post Posted: Dec 5 2019, 11:09 AM
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Margin call by the NZ Reserve Bank.



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What did Uncle Mel do to us?
 
nipper
post Posted: Dec 5 2019, 08:22 AM
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In trading halt. Time for a confession??!



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
plastic
post Posted: Nov 30 2019, 12:19 PM
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And this will make its way to the surface at some point.
https://www.zerohedge.com/economics/china-b...wned-enterprise

QUOTE
Something is seriously starting to break in China's financial system.

Three days after we described the self-destructive doom loop that is tearing apart China's smaller banks, where a second bank run took place in just two weeks - an unprecedented event for a country where until earlier this year not a single bank was allowed to fail publicly and has now had no less than five bank high profile nationalizations/bailouts/runs so far this year - the Chinese bond market is bracing itself for an unprecedented shock: a major, Fortune 500 Chinese commodity trader is poised to become the biggest and highest profile state-owned enterprise to default in the dollar bond market in over two decades.





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What did Uncle Mel do to us?
 
plastic
post Posted: Nov 30 2019, 07:01 AM
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How much longer before banks lose their relevance and power? New platform or not.
Here's whats happening in Germany from one blogger. If it can happen there it can happen here.

QUOTE
Negative interest rates are arriving in German banks for private accounts, increasingly starting at 1 Euro deposit. All the outrage. Investing in stocks is said to be 'speculation' (a bad word)+only for 'the rich'. W/ attitudes like this, Germany will soon become irrelevant.





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What did Uncle Mel do to us?
 
nipper
post Posted: Nov 25 2019, 10:58 AM
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ANZ is quietly building a new Banking Platform

https://www.itnews.com.au/news/anz-is-quiet...platform-534394

... Five months into what could be 2 year project.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: early birds  henrietta  
 
blacksheep
post Posted: Oct 31 2019, 01:59 PM
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In Reply To: nipper's post @ Oct 31 2019, 07:29 AM

Market responded accordingly

SP down 3.51% @ $26.67/share
Attached thumbnail(s)
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: early birds  
 

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nipper
post Posted: Oct 31 2019, 07:29 AM
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QUOTE
ANZ Banking Group chief Shayne Elliott said its retail and commercial bank had had a "challenging" year, with increased remediation charges, intense competition and record low interest rates curtailing earnings, as ANZ reported a cash profit for the full year of $6.47 billion for its continuing operations, in-line with expectations and flat on the previous period.

But cash profit in the Australian retail and commercial operations was down 10 per cent for the year to $3.6 billion, in what Mr Elliott described as a "messy year". After ANZ hit the brakes too hard on lending during the royal commission, he said there had been a steady recovery in home loan applications in recent months, although this was yet to flow through to the financial results.

He said ANZ was "getting our mojo back" and expected the mortgage momentum to be maintained into 2020, although the results showed an up-tick in mortgage arrears. "We’ve got some really competitive product offerings, we’re seeing our market share and volume increase again," he said.

ANZ kept its second half dividend flat at 80 cents per share - but reduced the franking level to 70 per cent, which it justified on its wealth divestments and the "changing operating environment". "Our decision to reduce franking to a new base reflects the changed shape of our business as well as recognising how important the dividend, franking and predictability is to shareholders,” Mr Elliott said.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
plastic
post Posted: Oct 8 2019, 09:20 AM
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Bail in inflection point just got $600m closer.



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What did Uncle Mel do to us?
 
plastic
post Posted: Aug 12 2019, 12:47 PM
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Chinese Banks No Longer Trust One Another As Repo Rates Skyrocket

Headline from Zerohedge.

How much longer before we get the contagion effect taking hold?




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What did Uncle Mel do to us?
 
plastic
post Posted: Aug 10 2019, 02:32 AM
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It's not just Deutsch Bank. And as interest rates get closer and closer to zero, the incentive for depositors to take their money elsewhere rises accordingly. Leaving banks capital hungry and unable to meet their statutory requirements. Margin call in other words.

If ANZ has exposure to China and we see the flight of capital back to China then its a double whammy. The good news is the money has to go somewhere. So there will be a mother or all asset booms in some asset class somewhere. Stocks and bonds most likely.

https://www.zerohedge.com/news/2019-08-09/b...ts-nationalized

QUOTE
Bailout #3: Chinese Bank With $200 Billion In Assets Is Nationalized




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What did Uncle Mel do to us?
 
 


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