Banking
RBNZ bank capital proposals go well beyond the international norm, are highly conservative & positive for banks' credit profiles, Fitch says
19th Dec 18, 9:56am
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RBNZ bank capital proposals go well beyond the international norm, are highly conservative & positive for banks' credit profiles, Fitch says
Credit unions NZCU South, NZCU Central, NZCU Steelsands, Aotearoa Credit Union and NZCU Baywide unveil merger plans
18th Dec 18, 2:39pm
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Credit unions NZCU South, NZCU Central, NZCU Steelsands, Aotearoa Credit Union and NZCU Baywide unveil merger plans
Analysts crunch the numbers on how much capital the big 4 banks & Heartland would need to meet proposed new RBNZ capital requirements
18th Dec 18, 12:40pm
Analysts crunch the numbers on how much capital the big 4 banks & Heartland would need to meet proposed new RBNZ capital requirements
KPMG's James Dowle says if Open Banking is to take off, more needs to be done to quell fears from customers about data security, while banks and other providers need to really demonstrate the true value and benefits
18th Dec 18, 9:46am
KPMG's James Dowle says if Open Banking is to take off, more needs to be done to quell fears from customers about data security, while banks and other providers need to really demonstrate the true value and benefits
RBNZ capital proposals would see bank profits take a significant hit with billions of dollars worth of new Tier 1 capital required
17th Dec 18, 2:40pm
RBNZ capital proposals would see bank profits take a significant hit with billions of dollars worth of new Tier 1 capital required
RBNZ wants big 4 banks to increase assets held to determine capital requirements to 90% of what other banks hold, up from 76%
17th Dec 18, 2:38pm
RBNZ wants big 4 banks to increase assets held to determine capital requirements to 90% of what other banks hold, up from 76%
Former ASB executive, and current Westpac Group executive, Roger Beaumont to take bank lobby group NZBA's helm next year
17th Dec 18, 1:25pm
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Former ASB executive, and current Westpac Group executive, Roger Beaumont to take bank lobby group NZBA's helm next year
The ANZ Banking Group says ANZ NZ would need up to NZ$8 bln of new capital to meet RBNZ's new bank capital proposals
17th Dec 18, 9:37am
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The ANZ Banking Group says ANZ NZ would need up to NZ$8 bln of new capital to meet RBNZ's new bank capital proposals
Commerce and Consumer Affairs Minister Kris Faafoi says reciprocity key to preventing open banking from seeing the big four tech companies gazump banks
15th Dec 18, 9:31am
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Commerce and Consumer Affairs Minister Kris Faafoi says reciprocity key to preventing open banking from seeing the big four tech companies gazump banks
RBNZ proposes significant increase in bank capital requirements that will eat up 70% of the sector's profits over 5 years but only have a 'minor impact' on borrowers
14th Dec 18, 1:26pm
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RBNZ proposes significant increase in bank capital requirements that will eat up 70% of the sector's profits over 5 years but only have a 'minor impact' on borrowers
As Shane Jones pushes for a bank levy to support regional NZ banking services, ACCC report says Aussie bank levy costs not being passed on to mortgage borrowers
13th Dec 18, 10:38am
As Shane Jones pushes for a bank levy to support regional NZ banking services, ACCC report says Aussie bank levy costs not being passed on to mortgage borrowers
New Zealand's Australian owned banks paid the equivalent of 66% of their $5.128 billion annual profit in dividends to their parents
13th Dec 18, 10:03am
New Zealand's Australian owned banks paid the equivalent of 66% of their $5.128 billion annual profit in dividends to their parents
Robertson quiet on whether something's wrong when the RBNZ pays the Government a $430m dividend but can't afford to hire 15 new staff
13th Dec 18, 10:00am
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Robertson quiet on whether something's wrong when the RBNZ pays the Government a $430m dividend but can't afford to hire 15 new staff
The New Zealand finance company ANZ has strenuously tried to sell keeps producing the goods; after tax profit rises 6% to $65.3 million
12th Dec 18, 4:10pm
The New Zealand finance company ANZ has strenuously tried to sell keeps producing the goods; after tax profit rises 6% to $65.3 million
RBNZ has made Patrick Hoerler GM of Business Operations; search still on for two further Assistant Governors
12th Dec 18, 10:53am
RBNZ has made Patrick Hoerler GM of Business Operations; search still on for two further Assistant Governors
BNZ to pay out over 10,000 customers an average of $375 each as a result of documentation errors following changes to the Credit Contracts and Consumer Finance Act (CCCFA)
5th Dec 18, 10:28am
BNZ to pay out over 10,000 customers an average of $375 each as a result of documentation errors following changes to the Credit Contracts and Consumer Finance Act (CCCFA)
Co-op Bank, SBS, TSB, Heartland and Rabobank all deliver lending and deposit growth in the September quarter
4th Dec 18, 3:30pm
Co-op Bank, SBS, TSB, Heartland and Rabobank all deliver lending and deposit growth in the September quarter
Governor Adrian Orr says RBNZ to impose capital standards on banks that match the public’s risk tolerance
30th Nov 18, 2:24pm
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Governor Adrian Orr says RBNZ to impose capital standards on banks that match the public’s risk tolerance
Higher bank capital requirements are necessary, RBNZ Governor Adrian Orr says, with big four banks' use of internal capital models to be constrained
30th Nov 18, 12:47pm
Higher bank capital requirements are necessary, RBNZ Governor Adrian Orr says, with big four banks' use of internal capital models to be constrained
Massey University's Claire Matthews steps down as chairman of beleaguered credit union industry association Co-op Money
28th Nov 18, 7:45am
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Massey University's Claire Matthews steps down as chairman of beleaguered credit union industry association Co-op Money
New Zealand's big four banks continue world-class profitability across a range of key measures
27th Nov 18, 5:32pm
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New Zealand's big four banks continue world-class profitability across a range of key measures
LVRs, bank capital review, dashboard plans and credit union struggles; Four things to keep an eye out for in the RBNZ's Financial Stability Report on Wednesday
26th Nov 18, 9:41am
LVRs, bank capital review, dashboard plans and credit union struggles; Four things to keep an eye out for in the RBNZ's Financial Stability Report on Wednesday
Co-op Money, the credit union industry association, has its credit rating downgraded as Fitch frets about tight liquidity, weakening capitalisation & its lack of profitability
23rd Nov 18, 5:08pm
Co-op Money, the credit union industry association, has its credit rating downgraded as Fitch frets about tight liquidity, weakening capitalisation & its lack of profitability
Bank of China's now been open for business in NZ for four years and wants to 'continue to leverage' its cross-border advantages to promote bilateral economic and trade cooperation
22nd Nov 18, 1:57pm
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Bank of China's now been open for business in NZ for four years and wants to 'continue to leverage' its cross-border advantages to promote bilateral economic and trade cooperation
The Reserve Bank admits it might need to change the way it oversees banks' books, as banks are poised to start servicing their customers more through third parties
22nd Nov 18, 10:56am
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The Reserve Bank admits it might need to change the way it oversees banks' books, as banks are poised to start servicing their customers more through third parties