Business confidence has rebounded in ANZ's monthly survey, the first since the general election.

Pumpkin Patch auditor PwC says the former high-flying retailer may have difficulty continuing as a going concern if it is unable to comply with banking covenant agreements with its bank, the ANZ.

ANZ plans to cut 23 workers from its Auckland offices and outsource the work to India. The bank, which also confirmed 70 job cuts in Australia today.

Banks are dropping mortgage rates and offering cash sweeteners, loaded credit cards, payment of legal fees and tablet computers as they go to war for customers.

How would you feel if someone muscled in front of you in the queue at the bank? How would you feel if the manager actually encouraged queue-jumping? Bernard Hickey looks at bank assets.