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Banks get serve for treatment of remitters

RBNZ says banks must have good reason to deprive money remitters of access to financial services, says 'blanket de-risking' not acceptable

Markets now see OCR cut in 2015

Updated
RBNZ holds OCR at 3.5%; says will hold rate "for some time" and OCR "adjustments up or down" will depend on data; NZ$ drops below 74 USc; Swap rates fall; Markets price in rate cut

Banks reduce advertising spending

ANZ again leads way in bank ad spend with TSB up to second and a big drop from ASB

Little focuses on small business jobs

New Labour Leader Andrew Little focuses on vision for jobs and small businesses in State of the Nation address, rather than detail; says inequality stunts growth

Heartland lifts annual profit forecast

Updated
Heartland Bank sees half-year profit rising by as much as 44% to $24 mln, and annual profit of up to $48 mln driven by asset growth

NZ banks' growth opportunities

Insurance, KiwiSaver, general wealth management offer opportunities for NZ banks to grow, EY says

Rush of listings for new sharemarket not apparent

NZX's new sharemarket NXT aims to fill funding hole identified by Capital Markets Development Taskforce for SMEs keen to grow; But which companies will be 1st to list?

'From small to slightly less small'

Deloitte sees 'inflection point' for contactless payments via mobile phones in 2015

Energy firms’ debt burdens pose risk to banks

East & Partners warns the impact of falling oil prices on energy companies could flow through to rising bad debts for big Aussie banks

Budget deficit lower than forecast

Updated
Treasury reports deficit was NZ$121 mln below forecast; higher tobacco excise, lower spending more than offset lower than expected GST, PAYE

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