Gunman Threatens Bank Customers

Armed robberies are continuing apace in New Zealand with yet another armed hold up in a bank. This must be the fastest growing occupation right now. At 2.12pm yesterday frightened customers and staff at the ASB Bank in Grey Lynn, Auckland were ordered to drop to the floor by a masked gunman, whilst another climbed…

Wespac Shares In Trading Halt

We’ve just heard that Westpac Banking Corp (WBC.AX), has requested a halt to the trading of its shares today until Thursday, pending the outcome of a court case in New Zealand. On July 17 the National Business Review reported: “Westpac faces the largest potential bill of $903 million in the structured finance transaction tax cases…