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Bank Of New Zealand
Bank of New Zealand (BNZ) is one of New Zealand's big four banks and has been operating in the country since the first office was opened in Auckland in October 1861 followed shortly after by the first branch in Dunedin in December 1861. The bank operates a variety of financial services covering retail, business and institutional banking and employs over 5,000 people in New Zealand. In 1992 the bank was purchased by the National Australia Bank and has since then operated as a subsidiary, but it retains local governance with a New Zealand board of directors. As of June 2022, BNZ is the second largest bank operating in New Zealand, with a market share of 19.1%. History * 1861: The Bank of New Zealand formed as a private company and incorporated by The New Zealand Bank Act 1861 creating the company and authorising it to issue banknotes. First branch in New Zealand opened in Queen Street in Auckland and a Dunedin branch is opened shortly afterward. * 1862: Wellington, Christch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Bank Of New Zealand
The National Bank of New Zealand Limited (NBNZ), often referred to as The National Bank, was one of New Zealand's largest banks. Throughout much of its history, the National Bank provided commercial banking services to mainly major industrial and rural as well as some personal customers. UK-based Lloyds Bank became the sole owner of the bank in 1966 and National Bank adopted the Lloyds Bank black horse as its logo. Lloyds TSB, as it then was, sold the bank to Australian ANZ Bank in 2003, at which time it became part of ANZ National Bank Limited, the New Zealand subsidiary of Australia and New Zealand Banking Group but for customers retained a separate corporate identity until rebranding as ANZ began in September 2012. ANZ announced they would adopt National's technology system and the majority of its products. There is no longer a corporate identity named National Bank of New Zealand. Its business has been subsumed within ANZ Bank. History The successful flotation of the N ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of New Zealand
Bank of New Zealand (BNZ) is one of New Zealand's big four banks and has been operating in the country since the first office was opened in Auckland in October 1861 followed shortly after by the first branch in Dunedin in December 1861. The bank operates a variety of financial services covering retail, business and institutional banking and employs over 5,000 people in New Zealand. In 1992 the bank was purchased by the National Australia Bank and has since then operated as a subsidiary, but it retains local governance with a New Zealand board of directors. As of June 2022, BNZ is the second largest bank operating in New Zealand, with a market share of 19.1%. History * 1861: The Bank of New Zealand formed as a private company and incorporated by The New Zealand Bank Act 1861 creating the company and authorising it to issue banknotes. First branch in New Zealand opened in Queen Street in Auckland and a Dunedin branch is opened shortly afterward. * 1862: Wellington, Christch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stuff (website)
Stuff is a New Zealand news media website owned by newspaper conglomerate Stuff Ltd (formerly called Fairfax). It is the most popular news website in New Zealand, with a monthly unique audience of more than 2 million. Stuff was founded in 2000, and publishes breaking news, weather, sport, politics, video, entertainment, business and life and style content from Stuff Ltd's newspapers, which include New Zealand's second- and third-highest circulation daily newspapers, ''The Dominion Post'' and ''The Press'', and the highest circulation weekly, '' Sunday Star-Times'', as well as international news wire services. Stuff has won numerous awards at the Newspaper Publishers' Association awards including 'Best News Website or App' in 2014 and 2019, and 'Website of the Year' in 2013 and 2018. History The former New Zealand media company Independent Newspapers Ltd (INL), owned by News Corp Australia, launched Stuff on 27 June 2000 at a cybercafe in Auckland, after announcing its inte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Business Review
The ''National Business Review'' (or ''NBR'') is a New Zealand New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and over 700 smaller islands. It is the sixth-largest island coun ... online news publication aimed at the business sector. It has journalists based in Auckland and Wellington. History The ''NBR'' was founded in 1970 by then-23 year old publisher Henry Newrick. Initially published as a fortnightly tabloid-format newspaper, it was briefly published as a daily newspaper from 1987 to 1991. New Zealand businessman Barry Colman was the ''NBR's'' publisher for 24 years, after buying it from John Fairfax & Sons in 1988. He sold it to Todd Scott in 2012. The publication's website has a paywall model, where businesses and individual subscribers pay to access certain content. As of June 2016, the ''NBR'' had more than 4000 paying subscribers. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Internet Banking
Online banking, also known as internet banking, web banking or home banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website. The online banking system will typically connect to or be part of the core banking system operated by a bank to provide customers access to banking services in addition to or in place of traditional branch banking. Online banking significantly reduces the banks' operating cost by reducing reliance on a branch network and offers greater convenience to some customers by lessening the need to visit a branch bank as well as the convenience of being able to perform banking transactions even when branches are closed. Internet banking provides personal and corporate banking services offering features such as viewing account balances, obtaining statements, checking recent transactions, transferring money between accounts, and maki ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of New Zealand 2008 New Logo
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1990 New Zealand General Election
The 1990 New Zealand general election was held on 27 October to determine the composition of the 43rd New Zealand parliament. The governing Labour Party was defeated, ending its two terms in office. The National Party, led by Jim Bolger, won a landslide victory and formed the new government. Background The Labour Party had taken office after defeating the National Party under Robert Muldoon in the 1984 election. David Lange became Prime Minister and Roger Douglas became Minister of Finance. The economic program outlined by Douglas was deeply unpopular with Labour's traditional supporters, however — deregulation, privatisation, and free trade, all opposed by the party's more left-wing members, were a key part of the so-called " Rogernomics" platform. This internal dissent was off-set somewhat by new social legislation and a strong stance against nuclear weapons. Labour was re-elected in the 1987 election with its parliamentary majority untouched, but the internal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jim Bolger
James Brendan Bolger ( ; born 31 May 1935) is a New Zealand retired politician of the National Party who was the 35th prime minister of New Zealand, serving from 1990 to 1997. Bolger was born to an Irish immigrant family in Ōpunake, Taranaki. Before entering politics, he farmed in the Waikato area and was involved in Federated Farmers, a nationwide agricultural association. Bolger won election to Parliament in 1972, and subsequently served in several portfolios in the Third National Government. Following one unsuccessful bid for the party leadership in 1984, Bolger was elected as National Party leader in 1986. He served as Leader of the Opposition from 1986 to 1990. Bolger led the National Party to a landslide victory—the largest in its history—in the , allowing him to become Prime Minister on 2 November 1990. The Fourth National Government was elected on the promise of delivering a "Decent Society" following the previous Labour government's economic reforms, known ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EFTPOS
Electronic funds transfer at point of sale (EFTPOS; ) is an electronic payment system involving electronic funds transfers based on the use of payment cards, such as debit or credit cards, at payment terminals located at points of sale. EFTPOS technology was developed during the 1980s. In Australia and New Zealand, it is also the brand name of a specific system used for such payments; these systems are mainly country-specific and do not interconnect. In Singapore, it is known as NETS. Debit and credit cards are embossed plastic cards complying with ISO/IEC 7810 ID-1 standard. The cards have an embossed bank card number conforming with the ISO/IEC 7812 numbering standard. History EFTPOS technology originated in the United States in 1981 and was rolled out in 1982. Initially, a number of nationwide systems were set up, such as ''Interlink'', which were limited to participating correspondent banking relationships, not being linked to each other. Consumers and merchants we ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BNZ Centre
The Aon Centre is a commercial office building at 1 Willis Street in Wellington, New Zealand, formerly named the BNZ Centre then the State Insurance Building. When completed in 1984, it was the tallest building in New Zealand, overtaking the 87m Quay Tower in Auckland. It is notable for its strong, square, black form, in late International Style modernism, and for a trade dispute which delayed the construction by a decade. It remained the tallest building in New Zealand until 1986, when the 106 meter BNZ Tower opened in Auckland, and is currently the second tallest building in Wellington after the Majestic Centre. History The building was designed in the late 1960s and BNZ ( Bank of New Zealand) began purchasing land for the building in 1969. Approval to build was granted by the Town Planning Committee on June 14, 1972, after the building codes were rewritten to allow the development "out of common interest." Construction began in 1973, but construction was delayed in part by a l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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