
Mortgage News
Superbank reviewing its New Zealand business
Wednesday 21st of December 2005
Earlier this week when it announced a A$300 million share buyback, the bank also commented that its only soft spot is its New Zealand business, which it may exit, The Australian reports.St Georges chief executive Gail Kelly said the New Zealand business was under review, prompted by its expectation that its "break-even point" would extend past 2006.
One of the issues dragging on t...
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