Banking and Finance briefs: ANZ rebrands as Au Sheng Yin Hang...in China; Strategic sale?; New ANZ ads
21st Apr 10, 6:22pm
This is a collection of links to news around New Zealand and the world overnight that may be of interest to executives, product managers, regulators, policy-makers in the banking, finance and insurance industries. This was provided exclusively this morning to the paying subscribers to our Banking and Finance newsletter. 1. Up for sale? - Strategic Finance's receiver John Fisk tells Anne Gibson at the NZHerald that five or six potential bidders are interested in buying the loan book. 2. Bond issue? - Goodman Property Trust is considering more bond issues after the death of the mezzanine financing market, Anne Gibson reports in the NZHerald. We may well see many corporates step into the gap vacated by finance companies in terms of offering bonds to retail investors. The Warehouse and others certainly doing this now. Often they don't have credit ratings and are underpricing the risk of their bonds. 3. NAB to hit back - The Australian reports NAB has hit back at the ACCC's rejection of its bid for AXA Asia Pacific and may make some concessions to get the deal through, including the possible sale and lease back of assets. 4. Bank of Prosperous Waters - ANZ is rebranding branches it has acquired in Hong Kong Taiwan and China as Au Sheng Yin Hang, which means Bank of Prosperous Waters, The Australian Reports. 5. New ads - ANZ has produced three new television advertisements based around its new catchphrase: "We live in your world". They are themed around the idea that the world is not perfect. Here's the ads 1 2 3 , which were produced by DDB. HT Hazel Phillips at the NBR. This was first published this morning in our Daily Banking and Finance newsletter, which is for our paying subscribers. Find out more here.