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Gareth Vaughan's picture

Gareth is editor of and has worked for more than 15 years as a financial journalist in New Zealand and the UK.

Articles by Gareth Vaughan

Solid Energy defers half-year results

Solid Energy sees coal prices lower for longer with 'diminishing ability to repay or refinance debt .' TSB writes off its full $53.9m exposure

'1 Auckland mortgage equivalent to 3 in Invercargill'

SBS striving to offer greater value to its members as profit, home loan book grow strongly in December quarter

Moody's affirms Kiwibank rating

Kiwibank Aa3 credit rating with stable outlook affirmed by Moody's 

Luigi Wewege's Irish problem

NZ links to Irish sub-prime stoush highlight the potential for an undesirable form of regulatory arbitrage around our anti-money laundering law; MBIE to make enquiries

Favourable funding conditions seen continuing

Funding picture remains a good one for banks

Harmoney eyes mortgage market

Harmoney CEO Neil Roberts 'getting excited' about potential move into mortgage market, says would-be 1st home buyers among Harmoney's investors

ANZ outlines capital notes offer

ANZ seeks at least $250 mln from BBB- rated capital note issue likely to have coupon above 7%

Kiwibank eyes leaner capital position

Kiwibank seeks to mimic Aussie owned banks and hold less capital against assets in move that would boost profit

BNZ QI NIM flat, CTI ratio down

Strong profit growth from BNZ's December quarter but home loan book grows below system

Kiwibank nears first dividend

Kiwibank posts 36% rise in half-year profit to record $71 mln, net interest margin up 30 basis points with first dividend near

ASB bond issues raise NZ$500 mln

ASB raises NZ$500 mln through floating and fixed interest rate bond issues

Lessons from Portugal

Gareth Vaughan says the NZ Super Fund's Portuguese stoush is a timely reminder of how messy things can get when a bank fails

NZ Super Fund sues Portugal's central bank

Goldman Sachs arranged US$150m (about NZ$200m) Portuguese loan turns sour for NZ Super Fund as gloves come off

Westpac home loan growth above system

Westpac NZ NIM and CTI ratios both rise in December quarter as capital transfer continues

First NZ covered bond maturity next week

NZ banks' 2015 covered bond issuance expected to be similar to 2014 with first maturities due

Steady first quarter for ANZ NZ

ANZ NZ NIM, CTI steady in Q1 as a raft of capital initiatives is launched

More time sought for responsible lending

BNZ requests delay to introduction of Government's Responsible Lending Code

ANZ NZ Q1 profit up 8%

ANZ NZ posts 8% rise in first quarter profit to $425 million. Income growth outstrips expense growth but credit impairments rise

Bank customers get $23.67m compo

Westpac 3rd bank to settle with Commerce Commission, FMA in rural interest rate swaps case with 38 customers to get $2.47 mln compensation; Damien O’Connor hits out

Will Wheeler beef up his toolbox?

The drums are beating for another RBNZ macro-prudential tool. Could it be some sort of debt-to-income ratio?