Join Now!

You are here

Moneytalk - news from the Finance Sector

The latest news from the FIRST Union finance sector unofficial weblog!

Enjoying Moneytalk? Please like us on Facebook for more regular updates. And while you’re at it, why not like the FIRST Union page too?

 

 

  • GE Finance

    Friday, April 24, 2015

    Our new members at GE Finance are facing a new challenge with the announcement that GE has sold its finance business in Australia and New Zealand.

    It has been bought by a consortium comprising KKR & Co, Varde Partners and Deutsche Bank, acquiring the unit for an enterprise value of NZ$8.4 billion (including the company’s existing debt) – Australia’s biggest inbound takeover of a finance company.

  • Central bank independence?

    Friday, April 24, 2015

    With an extremely low inflation figure for the last twelve months (0.1%), the Reserve Bank of New Zealand is being urged by unions and other economists to lower the official cash rate (New Zealand’s interest rates are high when compared with many other similar countries).

  • Save Campbell Live

    Friday, April 24, 2015

    Protests will take place in four cities (Auckland, Wellington, Christchurch and Dunedin) across the country today in support of the TV3 current affairs show Campbell Live.

  • Rage against the machine

    Friday, April 24, 2015

    I’m sure there’s many of us that would have liked to do some damage to an uncooperative computer from time to time, but few will ever go this far…

    A 37 year-old Colorado man has been cited for discharging a firearm within city limits for carrying his computer into an alley then shooting it eight times with a handgun after a battle with the machine that spanned months.

    Police responded after it was reported that shots were fired, and after an investigation police released a statement titled “Man Kills His Computer”, noting that the man “effectively disabl[ed]” the machine.

  • The cost of ANZAC day

    Friday, April 17, 2015

    Marketing experts are warning the Returned and Services Association about the dangers of hijacking Anzac Day for commercial gain, following a PR disaster in Australia where Woolworths began an unauthorised social media campaign titled ‘Fresh in our Memories’.

  • Unite defeating Zero Hour Contracts

    Friday, April 17, 2015

    Our good friends at Unite Union are making amazing headway in defeating Zero Hour Contracts. It had already had success with Restaurant Brands – the operator of KFC, Pizza Hit and Carl’s Jr, and this week announced that Burger King has also decided to remove zero hour contracts.

    On Wednesday this week Unite held protests around the country targeting remaining fast food chains that still use zero hour contracts, particularly McDonalds and Wendys.

  • Protester interrupts ECB news conference

    Friday, April 17, 2015

    A female protester in Europe has interrupted the monthly press conference of European Central Bank President Mario Draghi, showering him with confetti while chanting ‘End ECB Dictatorship!’

    Responsibility for the action was claimed by the radical feminist group Femen.  

  • BNZ and Westpac Union Council

    Friday, April 17, 2015

    Both Westpac and BNZ Union Councils have met with their respective banks for the March Union Council meetings.

    The issues of training times and pressure for meeting targets were discussed and the union is hopeful of making some progress in these areas.

    Council members emphasized concerns regarding overtime, and both banks reiterated that all authorised overtime should be paid.

     

  • NZ banks outscore Aussies

    Friday, April 17, 2015

    Kiwi-owned banks are well ahead of their Australian-owned counterparts, according to a new customer satisfaction survey.

    TSB (99%), Co-operative (99%), SBS (98%) and Kiwibank (96%) achieved the highest score for customer satisfaction, according to a Consumer NZ survey. Kiwi banks also rated higher on factors like “value for money”.

    ANZ remained the bottom-ranked bank on overall service ratings, with 87%.

  • ANZ Bargaining Update

    Friday, March 20, 2015

    The Union has now made an application to the Employment Authority for facilitation in relation to the bargaining, on the basis that bargaining has been unduly protracted and extensive efforts have failed to resolve the difficulties that have prevented us from concluding a Collective Agreement.

    The bank has actively sought to undermine bargaining by paying the wage increase to non-members, while the issues of flexibility and inconsistent wage increases are ongoing.

Pages

  • GE Finance

    Friday, April 24, 2015

    Our new members at GE Finance are facing a new challenge with the announcement that GE has sold its finance business in Australia and New Zealand.

    It has been bought by a consortium comprising KKR & Co, Varde Partners and Deutsche Bank, acquiring the unit for an enterprise value of NZ$8.4 billion (including the company’s existing debt) – Australia’s biggest inbound takeover of a finance company.

  • Central bank independence?

    Friday, April 24, 2015

    With an extremely low inflation figure for the last twelve months (0.1%), the Reserve Bank of New Zealand is being urged by unions and other economists to lower the official cash rate (New Zealand’s interest rates are high when compared with many other similar countries).

  • Save Campbell Live

    Friday, April 24, 2015

    Protests will take place in four cities (Auckland, Wellington, Christchurch and Dunedin) across the country today in support of the TV3 current affairs show Campbell Live.

  • Rage against the machine

    Friday, April 24, 2015

    I’m sure there’s many of us that would have liked to do some damage to an uncooperative computer from time to time, but few will ever go this far…

    A 37 year-old Colorado man has been cited for discharging a firearm within city limits for carrying his computer into an alley then shooting it eight times with a handgun after a battle with the machine that spanned months.

    Police responded after it was reported that shots were fired, and after an investigation police released a statement titled “Man Kills His Computer”, noting that the man “effectively disabl[ed]” the machine.

  • The cost of ANZAC day

    Friday, April 17, 2015

    Marketing experts are warning the Returned and Services Association about the dangers of hijacking Anzac Day for commercial gain, following a PR disaster in Australia where Woolworths began an unauthorised social media campaign titled ‘Fresh in our Memories’.

  • Unite defeating Zero Hour Contracts

    Friday, April 17, 2015

    Our good friends at Unite Union are making amazing headway in defeating Zero Hour Contracts. It had already had success with Restaurant Brands – the operator of KFC, Pizza Hit and Carl’s Jr, and this week announced that Burger King has also decided to remove zero hour contracts.

    On Wednesday this week Unite held protests around the country targeting remaining fast food chains that still use zero hour contracts, particularly McDonalds and Wendys.

  • Protester interrupts ECB news conference

    Friday, April 17, 2015

    A female protester in Europe has interrupted the monthly press conference of European Central Bank President Mario Draghi, showering him with confetti while chanting ‘End ECB Dictatorship!’

    Responsibility for the action was claimed by the radical feminist group Femen.  

  • BNZ and Westpac Union Council

    Friday, April 17, 2015

    Both Westpac and BNZ Union Councils have met with their respective banks for the March Union Council meetings.

    The issues of training times and pressure for meeting targets were discussed and the union is hopeful of making some progress in these areas.

    Council members emphasized concerns regarding overtime, and both banks reiterated that all authorised overtime should be paid.

     

  • NZ banks outscore Aussies

    Friday, April 17, 2015

    Kiwi-owned banks are well ahead of their Australian-owned counterparts, according to a new customer satisfaction survey.

    TSB (99%), Co-operative (99%), SBS (98%) and Kiwibank (96%) achieved the highest score for customer satisfaction, according to a Consumer NZ survey. Kiwi banks also rated higher on factors like “value for money”.

    ANZ remained the bottom-ranked bank on overall service ratings, with 87%.

  • ANZ Bargaining Update

    Friday, March 20, 2015

    The Union has now made an application to the Employment Authority for facilitation in relation to the bargaining, on the basis that bargaining has been unduly protracted and extensive efforts have failed to resolve the difficulties that have prevented us from concluding a Collective Agreement.

    The bank has actively sought to undermine bargaining by paying the wage increase to non-members, while the issues of flexibility and inconsistent wage increases are ongoing.

Pages

 

Copyright © 2011. All Rights Reserved.