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BNZ
Bank of New Zealand (BNZ) is one of New Zealand's big four banks. It has been operating since October 1861, and since 1992 has been owned by National Australia Bank (NAB), retaining local governance with a New Zealand board of directors. The bank operates a variety of financial services covering retail, business, and institutional banking. The ''Bank of New Zealand in Australia'' (''BNZA'') is a former entity, now owned by NAB. History The Bank of New Zealand was formed as a private company and incorporated by the New Zealand Bank Act 1861, which created the company and authorises it to issue banknotes. The Bank of New Zealand's first office opened in Auckland in October 1861, followed shortly afterwards by the first branch in Dunedin in December 1861. In 1862, branches opened in Wellington, Christchurch, and London. The bank gained the banking account of the New Zealand Government from the Union Bank of Australia, and became an agent to raise debt in the United Kingdom ... [...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 (architecture), 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 by Stephenson and Turner, Stephenson & Turner Architects in the late 1960s. BNZ (Bank of New Zealand) began purchasing land for the building in 1969. Approval to build was granted by the Town Planning Committee on 14 June 1972, after the building codes were rewritten to allow the development "out of c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Databank Systems Ltd
Databank Systems Limited was the name of a not-for-profit "off balance sheet" company set up by a consortium of competing banks in New Zealand, to operate on what is nowadays termed a "Shared services Agency" basis, to provide computing resources (development and operational) for the consortium members. The company was set up in 1967, and in 12 years grew to be the largest non-Government data processing organisation in the Southern Hemisphere, servicing more than 1,200 banking offices. Purpose The purpose of Databank was defined within a set of contractual obligations in the ''1969 Processing Agreement''. The Agreement was between the consortium members, and was essentially about the services and service levels to be provided by Databank, and the constraints that would exist to ensure that lead bank ownership of any new application/system, and bank competitiveness, were maintained. History The formation of Databank came at a time when computer systems were a scarce and expensiv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Big Four (banking)
The Big Four (or Big 4) is the colloquial name given to the four main banks in several countries where the banking industry is dominated by just four institutions and where the phrase has thus gained relevance. Some countries include more or fewer institutions in such rankings, leading to other names such as Big Three, Big Five, or Big Six. International use Internationally, the term "Big Four Banks" has traditionally referred to the following central banks: Australia In Australia, the "big four banks" refers to the four largest banks that have historically dominated Australia's banking industry in terms of market share, revenue, and total assets. The "big four banks" of Australia are: A longstanding policy of the federal government in Australia has been to maintain this status quo, called the four pillars policy. The policy has been maintained through the Global Recession of 2008–09, as Westpac acquired St George Bank and the Commonwealth Bank acquired Bankwest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Australia Bank
National Australia Bank Limited (abbreviated NAB, branded and stylised as nab) is one of the four largest Banking in Australia, financial institutions in Australia (colloquially referred to as "Big Four (banking), The Big Four") in terms of market capitalisation, earnings and customers. NAB was ranked the world's 21st-largest bank measured by market capitalisation and 52nd-List of largest banks, largest bank in the world as measured by total assets in 2019. , NAB operated 3,500 Bank@Post locations—including 7,000+ ATMs across Australia, New Zealand, and Asia—and served 9 million customers. NAB has an "AA−" long-term issuer rating by Standard & Poor's. History 1982–1999 National Australia Bank was formed as National Commercial Banking Corporation of Australia Limited in 1982 by the merger of National Bank of Australia, National Bank of Australasia and the Commercial Banking Company of Sydney. The resulting company was subsequently renamed National Australia Bank Limite ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Christchurch
Christchurch (; ) is the largest city in the South Island and the List of cities in New Zealand, second-largest city by urban area population in New Zealand. Christchurch has an urban population of , and a metropolitan population of over half a million. It is located in the Canterbury Region, near the centre of the east coast of the South Island, east of the Canterbury Plains. It is located near the southern end of Pegasus Bay, and is bounded to the east by the Pacific Ocean and to the south by the ancient volcanic complex of the Banks Peninsula. The Avon River / Ōtākaro, Avon River (Ōtākaro) winds through the centre of the city, with Hagley Park, Christchurch, a large urban park along its banks. With the exception of the Port Hills, it is a relatively flat city, on an average around above sea level. Christchurch has a reputation for being an English New Zealanders, English city, with its architectural identity and nickname the 'Garden City' due to similarities with garde ... [...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. In 1966, Lloyds Bank became the sole owner. In 2003 Lloyds sold the bank to the Australia & New Zealand Banking Group. The brand was retired in September 2012. History The successful flotation of the National Bank of New Zealand in London was announced in October 1872. It was to be a New Zealand bank and would begin by buying and expanding the operations of Dunedin's Bank of Otago. The new bank had been incorporated in London by a group of people including a number of high-profile former New Zealand residents, among them former Governor of New Zealand, Governor Thomas Gore Browne, former Speaker of the New Zealand House of Representatives, Speaker Sir Charles Clifford, 1st Baronet, Charles C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Colonial Bank Of New Zealand
The Colonial Bank of New Zealand was a trading bank headquartered in Dunedin, New Zealand which operated independently for more than 20 years. A public company listed on the local stock exchanges it was owned and controlled by New Zealand entrepreneurs and not London or Australian bankers. Still subject to the same vicissitudes as its fellow colonial banks it was bought by the Bank of New Zealand in 1895. History Colonial Bank of New Zealand was established in Dunedin, New Zealand in April 1874 as a public listed company. Dunedin with its involvements with the South Island's gold mining was the major source of local capital for New Zealand's entrepreneurs. The Bank of New Zealand had been founded in October 1861 by a similar local group in Auckland and, to pull capital north, it had opened a branch in Dunedin in December 1861. The Colonial Bank of New Zealand may have been formed just to re-capture the Bank of New Zealand's South Island business. In the 1860s and 1870s capita ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nationalise
Nationalization (nationalisation in British English) is the process of transforming privately owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization contrasts with privatization and with demutualization. When previously nationalized assets are privatized and subsequently returned to public ownership at a later stage, they are said to have undergone renationalization (or deprivatization). Industries often subject to nationalization include telecommunications, electric power, fossil fuels, railways, airlines, iron ore, media, postal services, banks, and water (sometimes called the commanding heights of the economy), and in many jurisdictions such entities have no history of private ownership. Nationalization may occur with or without financial compensation to the former owners. Nationalization is distinguished from property redistribution in that the government retains control of nationalized property. So ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IBM 360/30
The IBM System/360 Model 30 was a low-end member of the IBM System/360 family. It was announced on April 7, 1964, shipped in 1965, and withdrawn on October 7, 1977. The Model 30 was designed by IBM's General Systems Division in Endicott, New York, and manufactured in Endicott and other IBM manufacturing sites outside of U.S. History The Model 30 was a popular IBM mainframe which was announced in 1964 as the least powerful of the System/360s.The less powerful Model 20, offered only partial compatibility with the rest of the System/360 line. The System/360 series was the first line of computers in the world to allow machine language programs to be written that could be used across a broad range of compatible machines of different sizes. It was the smallest model that had the full System/360 instruction set (unlike the Model 20) and served as a stand-alone system, communications system or as a satellite processor of a larger system. The first delivery of the 360/30 was in June 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debit Card
A debit card, also known as a check card or bank card, is a payment card that can be used in place of cash to make purchases. The card usually consists of the bank's name, a card number, the cardholder's name, and an expiration date, on either the front or the back. Many new cards now have a chip on them, which allows people to use their card by touch (contactless), or by inserting the card and keying in a PIN as with swiping the magnetic stripe. Debit cards are similar to a credit card, but the money for the purchase must be in the cardholder's bank account at the time of the purchase and is immediately transferred directly from that account to the merchant's account to pay for the purchase. Some debit cards carry a Stored-value card, stored value with which a payment is made (prepaid cards), but most relay a message to the cardholder's bank to withdraw funds from the cardholder's designated bank account. In some cases, the payment card number is assigned exclusively for use on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
VISA (credit Card)
Visa Inc. () is an American multinational payment card services corporation headquartered in San Francisco, California. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards. Visa does not issue cards, extend credit, or set rates and fees for consumers; rather, Visa provides financial institutions with Visa-branded payment products that they then use to offer credit, debit, prepaid and cash access programs to their customers. In 2015, the Nilson Report, a publication that tracks the credit card industry, found that Visa's global network (known as VisaNet) processed 100 billion transactions during 2014 with a total volume of US$6.8 trillion. This article is authored by a ''Forbes'' staff member. Visa was founded in 1958 by Bank of America (BofA) as the BankAmericard credit card program. Available through SpringerLink. In response to competitor Master Charge (now Mastercard ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
