Wednesday, 29 October 2008
Monday, 27 October 2008
Sunday, 26 October 2008
Friday, 24 October 2008
Thursday, 23 October 2008
Bank of New Zealand - owned by National Australia Bank. BNZ is the second largest bank in New Zealand as measured on total lending assets.
Westpac- owned by Westpac Banking Group (Australia).
ASB Bank - owned by Commonwealth Bank of Australia.
The Big Four banks control 90% of the banking industry in New Zealand, putting them in a near-monopoly position.
The Big Four banks have been hugely profitable. In the 2007 fiscal year, the ANZ-National Bank made an after-tax profit of $1.1 billion. "We expect to make more than a billion dollars profit again in 2008," said ANZ-National chief executive Graham Hodges. (NZPA 28.7.08.)
The BNZ has announced an after-tax profit of $785 million in the 12 months to 30 September 2008. And ASB Bank cornered a $515 million net profit for the 2008 fiscal year.
The Australian owners of the Big Four banks enjoyed a combined after-tax profit of A$15 billion in the last financial year, partly composed of wealth generated by their subsidiaries in New Zealand.
Sunday, 12 October 2008
Cindy Sheehan with Hugo Chavez, Venezuela's socialist president
Cindy Sheehan Reveals Plan for New [US] National Party by Stephen Dohnberg from Digital Journal 7 October 2008