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Banking

Stephen Roach warns that American monetary policymakers are so far behind the inflation curve that they can't even see it
25th Jan 22, 9:59am
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Stephen Roach warns that American monetary policymakers are so far behind the inflation curve that they can't even see it
ANZ economists says the Reserve Bank is likely to have to push up interest rates much more than previously expected
19th Jan 22, 4:23pm
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ANZ economists says the Reserve Bank is likely to have to push up interest rates much more than previously expected
Equifax reports that overall credit demand fell about -35% in Auckland and Wellington in the December quarter of 2021 from a booming Q4 in 2020. They see some regional shifts as indicating new responses by consumers
14th Jan 22, 11:19am
by admin
111
Equifax reports that overall credit demand fell about -35% in Auckland and Wellington in the December quarter of 2021 from a booming Q4 in 2020. They see some regional shifts as indicating new responses by consumers
Reserve Bank confirms former Deputy Governor Geoff Bascand agreed to depart the bank early after speaking out of turn
13th Jan 22, 12:33pm
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Reserve Bank confirms former Deputy Governor Geoff Bascand agreed to depart the bank early after speaking out of turn
We track which banks had the lowest home loan carded rate offers through 2021 and saw how low rates juiced up a housing market where values now threaten to exceed five times our annual economic activity
3rd Jan 22, 12:08pm
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We track which banks had the lowest home loan carded rate offers through 2021 and saw how low rates juiced up a housing market where values now threaten to exceed five times our annual economic activity
Westpac NZ continues board and executive refresh through the appointment of Tania O'Brien as CFO and Martin Gaskell as CTO
20th Dec 21, 1:59pm
3
Westpac NZ continues board and executive refresh through the appointment of Tania O'Brien as CFO and Martin Gaskell as CTO
How has the composition of NZ's top 10 non-bank financial institutions changed over the past decade and does this say anything about the economy?
18th Dec 21, 8:03am
3
How has the composition of NZ's top 10 non-bank financial institutions changed over the past decade and does this say anything about the economy?
Off the back of strong growth over several years, Avanti Finance is now New Zealand's second biggest non-bank lender
14th Dec 21, 7:58am
4
Off the back of strong growth over several years, Avanti Finance is now New Zealand's second biggest non-bank lender
Returning from the UK, new Westpac NZ CEO Catherine McGrath says lending processes have got more difficult here, whilst they've got easier in the UK
13th Dec 21, 10:58am
Returning from the UK, new Westpac NZ CEO Catherine McGrath says lending processes have got more difficult here, whilst they've got easier in the UK
FMA takes Kiwibank to court in relation to allegation it overcharged 35,000 customers over 15 years
9th Dec 21, 12:30pm
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FMA takes Kiwibank to court in relation to allegation it overcharged 35,000 customers over 15 years
RBNZ runs double whammy of bank liquidity and solvency stress tests, says ​there's more work to do for banks to withstand a one-in-200 year event
8th Dec 21, 10:36am
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RBNZ runs double whammy of bank liquidity and solvency stress tests, says ​there's more work to do for banks to withstand a one-in-200 year event
RBNZ and FMA to review governance across 32 financial service providers against a backdrop of growing concern about board governance and risk compliance
8th Dec 21, 9:20am
RBNZ and FMA to review governance across 32 financial service providers against a backdrop of growing concern about board governance and risk compliance
McKinsey's annual global banking review questions whether there's 'a bright and smooth future' ahead for banks and their shareholders
7th Dec 21, 8:45am
2
McKinsey's annual global banking review questions whether there's 'a bright and smooth future' ahead for banks and their shareholders
Reduced capital requirements for SME lending, Australasian banks lead way in housing exposure, Aussie bank shareholders can breathe easy, and as safe as houses?
2nd Dec 21, 10:42am
Reduced capital requirements for SME lending, Australasian banks lead way in housing exposure, Aussie bank shareholders can breathe easy, and as safe as houses?
More information will need to be gathered from borrowers by lenders about the reasons why they need the loan, their income, and expenses. Lenders need to assess that the borrower can afford the repayments without getting into financial difficulty
1st Dec 21, 9:47am
13
More information will need to be gathered from borrowers by lenders about the reasons why they need the loan, their income, and expenses. Lenders need to assess that the borrower can afford the repayments without getting into financial difficulty
The RBNZ names John McDermott to a new role as Assistant Governor/General Manager for Digital Solutions and Security
30th Nov 21, 4:01pm
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The RBNZ names John McDermott to a new role as Assistant Governor/General Manager for Digital Solutions and Security
In what it describes as an unprecedented move, the Australian Securities & Investments Commission is launching 6 court cases against Westpac simultaneously
30th Nov 21, 10:29am
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In what it describes as an unprecedented move, the Australian Securities & Investments Commission is launching 6 court cases against Westpac simultaneously
BNZ and Kiwibank make market share gains in home loans in the third quarter, but it is BNZ that has built momentum over the past year
29th Nov 21, 2:05pm
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BNZ and Kiwibank make market share gains in home loans in the third quarter, but it is BNZ that has built momentum over the past year
September quarter combined financial performance from the big 5 NZ banks comfortably outstrips September 2020 quarter on a range of measures
29th Nov 21, 12:06pm
September quarter combined financial performance from the big 5 NZ banks comfortably outstrips September 2020 quarter on a range of measures
Gareth Vaughan on champagne time in container shipping, how a banking crisis helped the Nazis, Ireland's tax haven, cryptocurrency and puppies, plus the paradox of our own ignorance
28th Nov 21, 6:00am
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Gareth Vaughan on champagne time in container shipping, how a banking crisis helped the Nazis, Ireland's tax haven, cryptocurrency and puppies, plus the paradox of our own ignorance
Westpac NZ's independent non-executive directors 'were not able to engage with and provide robust challenges to the executive on risk topics'
26th Nov 21, 9:47am
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Westpac NZ's independent non-executive directors 'were not able to engage with and provide robust challenges to the executive on risk topics'
25th Nov 21, 8:54am
7
RBNZ says Westpac NZ has made progress 'but there is a lot more to do'
Live-streamed video from the November 2021 RBNZ Monetary Policy Review press conference with Governor Adrian Orr
24th Nov 21, 2:55pm
by admin
4
Live-streamed video from the November 2021 RBNZ Monetary Policy Review press conference with Governor Adrian Orr
Anecdote emerges of vaccine-hesitant person denied a mortgage after being stood down from their job; Banks say they're interested in borrowers' incomes not vaccination status
24th Nov 21, 8:05am
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Anecdote emerges of vaccine-hesitant person denied a mortgage after being stood down from their job; Banks say they're interested in borrowers' incomes not vaccination status
Reserve Bank plays down the likely impact of restricting house buyers' borrowing capacity on first home buyers
23rd Nov 21, 3:34pm
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Reserve Bank plays down the likely impact of restricting house buyers' borrowing capacity on first home buyers