ANZ may be about to drop its National Bank brand in New Zealand and operate under one name. The bank is in the middle of a simplification project in New Zealand that will see the two banking operations move onto a single operating platform. A re-brand is likely to follow, Channel Nine executives met with the company's bankers yesterday to work on proposals to restructure the media group's A$4 billion of debt. The Sydney Morning Herald reports that the group has agreed to the sale of the company's magazine division. Key creditors include Goldman Sachs, and the hedge funds Oaktree and Apollo. A former Sydney mortgage broker, Daniel Nguyen, yesterday pleaded guilty to 10 charges, including providing false information to banks to secure approvals of home loans. The Australian Securities and Investments Commission reported that the charges against Nguyen are the first criminal charges it has brought under the National Consumer Credit Protection Act. Nguyen was the sole director of MAI Home Loans.