Business and banking industry news

7 Dec 16, 9:06am
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Zaynab el Bernoussi says the People's Republic is using its shared colonial history with the global South strategically
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6 Dec 16, 12:34pm
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TSB formally warned by RBNZ for failing to review and keep up to date its anti-money laundering risk assessment over a 3 year period
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6 Dec 16, 11:29am
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English and Coleman to contest bid for National Party leadership in Caucus vote next Monday; English's hopes for quick and cohesive leadership change dashed; Coleman wants 'generational change'; English says NZ Super options open
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5 Dec 16, 2:51pm
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Lending comfortably outstrips deposit growth in the September quarter at all of The Co-operative Bank, SBS Bank and TSB Bank
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5 Dec 16, 2:47pm
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RBNZ's Grant Spencer says Australian-style single, super AML regulatory model 'ultimately may be a good solution' for New Zealand
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5 Dec 16, 2:20pm
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Regardless of what John Key says, his resignation has just opened next year's election race right up
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5 Dec 16, 1:59pm
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Key says will vote for English as National leader in December 12 caucus vote; says National can win 4th and 5th terms with English as leader; Key says wants quieter life with family; eyes board positions in Australasia or Asia
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5 Dec 16, 12:18pm
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Kiwi analyst Michael Parker on why robots and modern China are ruining Adam Smith's Wealth of Nations treatise and will frustrate Donald Trump
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2 Dec 16, 10:19am
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IMF's review of NZ's financial system & regulatory frameworks 'to deliver the expected result of not ticking a lot of the boxes,' RBNZ's Grant Spencer says
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1 Dec 16, 5:02pm
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RBNZ's Grant Spencer says review of residential mortgage-backed securities aims to make them more attractive for investors and give banks a new funding option
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1 Dec 16, 4:23pm
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NZ banks have lowest level of non-performing loans in the OECD, return on equity double the OECD median
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1 Dec 16, 1:34pm
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Trump’s victory in the US presidential election has shaken the world. But China has remained largely unmoved, despite having been one of the president-elect's favourite targets on the campaign trail
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1 Dec 16, 12:52pm
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Grant Spencer says the RBNZ doesn't want to see simple sectors 'over engineered' as it pushes ahead with bank capital review
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1 Dec 16, 7:48am
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BNZ unveils New Zealand launch of Android Pay for the bank's Visa Flexi debit card holders
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30 Nov 16, 4:57pm
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RBNZ wary of increasing use by banks of wholesale offshore funding to fill gap left by falling growth of local deposits; says banks raising deposit and mortgage rates to help fill gap; see long term rates having bottomed out
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30 Nov 16, 1:47pm
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Nelson Siva of Solution Dynamics says Brexit is offering New Zealand companies a chance to take advantage of our low-cost business models
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30 Nov 16, 9:58am
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Kiwibank delivers slow September quarter as NZ Super Fund, ACC completed buy-in. Hastings office comes to fore after earthquake
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30 Nov 16, 9:18am
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RBNZ warns in Financial Stability Report that housing imbalances remain; Wheeler says won't use Debt To Income multiple restriction 'at this time'; RBNZ notes rising use by banks of 'hot' overseas funds
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29 Nov 16, 1:56pm
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Treasury secretary Gabriel Makhlouf argues if 'mood of uncertainty' about the value of globalisation & free trade spreads this would be a big risk to NZ’s living standards
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28 Nov 16, 2:03pm
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ANZ in this country is not commenting on seemingly informed speculation it's finance arm is about to be sold to Chinese conglomerate HNA Group
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28 Nov 16, 11:31am
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PM says Treasury's forecasts of blow-out in debt by 2060 without NZ Superannuation changes "a load of nonsense"; says Treasury couldn't get forecasts right 44 days before Budget 'let alone 44 years out'; also downplays weak productivity
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25 Nov 16, 4:02pm
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New Zealand's biggest bank posts big quarterly profit drop, grows mortgage book below system
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23 Nov 16, 1:23pm
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Ministers announce cap for Recognised Seasonal Employer (RSE) scheme in 2016/17 raised by 1,000 to 10,500; say allows horticulture and wine exporters to keep growing; Winston Peters rails against National's "immigration madness"
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22 Nov 16, 6:32pm
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Treasury publishes Long Term Fiscal Position forecasts; repeats 2013 warning that net debt will blow out to around 200% of GDP by 2060 without changes to NZ Super indexation and age
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22 Nov 16, 11:24am
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Lee Jong-Wha says Asia must face up to its major political, economic, and security challenges if it is to match the advantages the United States and Europe currently have. Co-operation is the solution
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