News | Business
25 Feb 2020 16:53
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    ANZ disagrees with Financial Market Authority report

    ANZ says it disagrees with the findings of a Financial Market Authority report

    The FMA has ruled the bank should have disclosed the sale of an Auckland property, to the wife of former CEO, David Hisco.

    Hisco's family lived at the the St Heliers Bay Road property, which an ANZ subsidiary bought in 2011, and on sold in 2017.

    The FMA says the sale should have been disclosed as a related party transaction in its financial statements.

    But an ANZ spokesperson says an external auditor reached a different conclusion.

    It says it considers the transaction not to be material information.

    © 2020 Newstalk ZB, NZCity

     Other Business News
     25 Feb: Warnings against pricing New Zealand OUT of the travel market
     25 Feb: NZME isn't giving up on its plans to buy media news agency Stuff
     25 Feb: Almost 20 million dollars to boost a Kawerau industrial hub
     25 Feb: Coronavirus is affecting global stock markets
     25 Feb: Questions remain ... until the National Party donation fraud case is back in court
     25 Feb: A nose dive in the global stocks due to COVID-19
     25 Feb: A new telecommunications cable is about to be laid across Cook Strait
     Top Stories

    Ardie Savea has revealed one of the key reasons behind a possible change to rugby league - switching international allegiances More...

    Warnings against pricing New Zealand OUT of the travel market More...

     Today's News

    Tall Blacks and Breakers centre Rob Loe has linked up with the Paul Henare coached Kagawa Five Arrows in Japan's second division basketball league 16:37

    The Weeknd feels lonely 16:29

    Warnings against pricing New Zealand OUT of the travel market 16:17

    Gabrielle Union and Dwyane Wade treat parenting like a “partnership” 15:59

    Ben Affleck wants a “deeply meaningful” relationship 15:29

    Wellington's National War Memorial reopened two years ago, despite suspicions it was earthquake prone 15:07

    The Weeknd has an “off-and-on relationship” with drugs 14:59

    New Zealand's top ranked doubles player Michael Venus and his Australian partner John Peers are through to the second round at the ATP500 tournament in Dubai 14:57

    Craig David has ditched his workout routine after realising he was “pushing for aesthetics” rather than health 14:29

    NZME isn't giving up on its plans to buy media news agency Stuff 14:07

     News Search

    Power Search

    © 2020 New Zealand City Ltd