Liam Dann: Could we make Westpac a Kiwi bank?
3 Apr, 2021 05:00 PM
5 minutes to read
In 1996 Trust Bank sold out to Westpac in a deal worth $1.2 billion. Photo / 123RF
In 1996 Trust Bank sold out to Westpac in a deal worth $1.2 billion. Photo / 123RF
OPINION:
I bank with it.
And as a customer I couldn t care less who owns it. But as a supporter of the New Zealand economy and financial markets I d love to see it back in local ownership.
My preferred option would be to see the government take a cornerstone stake via the Super Fund and ACC, merge it with Kiwibank and list it on the NZX.
Australian Dollar Forecast: Key AUD/USD, AUD/NZD Levels to Watch 2021-01-22 09:00:00 Justin McQueen, Analyst
AUD/NZD | Rich Levels Relative to Spreads
A bout of risk aversion sees the Australian Dollar under pressure this morning with a larger than expected drop in retail sales adding to the soft tone for the currency. However, the retail sales data can be largely overlooked given that it is a slight normalisation from the Black Friday inspired boost in prior month. That said, the trend remains the same for the US Dollar, which is likely to continue its downtrend.
AUD/USD | Pullbacks Finding Support