Banking
BNZ clamps down on low equity home lending to meet new RBNZ speed limit
Cost for the financial sector of companies delaying climate action tallied, NAB's potential mortgage discounts for borrowers reducing their reliance on fossil fuels & guidance on managing climate-related financial risks
19th Nov 21, 9:47am
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Cost for the financial sector of companies delaying climate action tallied, NAB's potential mortgage discounts for borrowers reducing their reliance on fossil fuels & guidance on managing climate-related financial risks
Westpac's head of NZ strategy Imre Speizer says the current rush to fix mortgages is likely to continue into next year, which will keep pressure on swap rates
17th Nov 21, 12:35pm
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Westpac's head of NZ strategy Imre Speizer says the current rush to fix mortgages is likely to continue into next year, which will keep pressure on swap rates
Kiwibank economists, who have this year been highlighting upside risks to interest rates now say some wholesale rates have gone too far and will be 'pulled down'
15th Nov 21, 1:40pm
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Kiwibank economists, who have this year been highlighting upside risks to interest rates now say some wholesale rates have gone too far and will be 'pulled down'
Reserve Bank Chief Economist Yuong Ha to follow deputy governor Geoff Bascand out the door in early 2022
15th Nov 21, 1:24pm
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Reserve Bank Chief Economist Yuong Ha to follow deputy governor Geoff Bascand out the door in early 2022
Westpac NZ CFO Ian Hankins shifts to role as General Manager of Consumer Banking and Wealth as Catherine McGrath takes over as CEO
15th Nov 21, 11:27am
Westpac NZ CFO Ian Hankins shifts to role as General Manager of Consumer Banking and Wealth as Catherine McGrath takes over as CEO
Credit rating agency Moody's advocates for standardised cybersecurity reporting across jurisdictions & more consistent definitions of what is a cybersecurity incident
15th Nov 21, 8:45am
Credit rating agency Moody's advocates for standardised cybersecurity reporting across jurisdictions & more consistent definitions of what is a cybersecurity incident
Gareth Vaughan mulls whether our banks' strong profits in a time of Covid-19 induced upheaval warrant a one-off Covid tax
14th Nov 21, 6:00am
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Gareth Vaughan mulls whether our banks' strong profits in a time of Covid-19 induced upheaval warrant a one-off Covid tax
Juniper Research details open banking use cases and challenges, sees turbo charged growth of payment transactions facilitated by open banking
12th Nov 21, 1:25pm
Juniper Research details open banking use cases and challenges, sees turbo charged growth of payment transactions facilitated by open banking
Big bank annual financial results confirm BNZ as NZ's biggest business lender, albeit CEO Dan Huggins says he's 'not too caught up on the size of the book'
11th Nov 21, 6:56pm
Big bank annual financial results confirm BNZ as NZ's biggest business lender, albeit CEO Dan Huggins says he's 'not too caught up on the size of the book'
Citi analysts estimate A$35 billion of 'excess capital' is heading the way of the big four Australasian banks' shareholders
11th Nov 21, 9:29am
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Citi analysts estimate A$35 billion of 'excess capital' is heading the way of the big four Australasian banks' shareholders
New BNZ CEO Dan Huggins says the bank continues striving to raise its home loan market share to align it with the bank's share of business lending
10th Nov 21, 3:25pm
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New BNZ CEO Dan Huggins says the bank continues striving to raise its home loan market share to align it with the bank's share of business lending
BNZ posts 74% surge in annual profit to $1.322 billion as income jumps 14% and expenses tumble 9%; Big 4 banks' combined annual profit reaches $5.493 billion
9th Nov 21, 10:27am
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BNZ posts 74% surge in annual profit to $1.322 billion as income jumps 14% and expenses tumble 9%; Big 4 banks' combined annual profit reaches $5.493 billion
ANZ NZ, ASB, BNZ and Westpac NZ set to post record combined annual profit as the Reserve Bank talks up reduced levels of market concentration
6th Nov 21, 9:45am
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ANZ NZ, ASB, BNZ and Westpac NZ set to post record combined annual profit as the Reserve Bank talks up reduced levels of market concentration
Russell Jones points out Auckland's proposed light rail project could cost four times as much as the whole annual National Land Transport Fund and trap taxpayers with costs that far outweigh benefits
6th Nov 21, 9:15am
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Russell Jones points out Auckland's proposed light rail project could cost four times as much as the whole annual National Land Transport Fund and trap taxpayers with costs that far outweigh benefits
SBS Bank names Mark McLean, currently general manager for member experience, its new CEO to succeed the departing Shaun Drylie
5th Nov 21, 1:29pm
SBS Bank names Mark McLean, currently general manager for member experience, its new CEO to succeed the departing Shaun Drylie
Geoff Bascand: LVRs could be loosened if mortgage debt serviceability restrictions are introduced; a change in bank capital risk weightings won't encourage more business lending
5th Nov 21, 9:00am
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Geoff Bascand: LVRs could be loosened if mortgage debt serviceability restrictions are introduced; a change in bank capital risk weightings won't encourage more business lending
ASB 'monitoring developments' as its Aussie parent starts offering the options of buying, selling and holding cryptocurrencies via its app
4th Nov 21, 10:18am
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ASB 'monitoring developments' as its Aussie parent starts offering the options of buying, selling and holding cryptocurrencies via its app
Live-streamed video from the November 2021 RBNZ Financial Stability Report press conference with Governor Adrian Orr
3rd Nov 21, 10:45am
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Live-streamed video from the November 2021 RBNZ Financial Stability Report press conference with Governor Adrian Orr
Reserve Bank mindful of the impact 'faster than expected' interest rate rises might have on asset valuations
3rd Nov 21, 10:42am
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Reserve Bank mindful of the impact 'faster than expected' interest rate rises might have on asset valuations
Kiwibank unveils how much of its mortgage book is exposed to coastal flood risk, ahead of regulation around climate risk reporting and pricing ramping up
3rd Nov 21, 8:15am
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Kiwibank unveils how much of its mortgage book is exposed to coastal flood risk, ahead of regulation around climate risk reporting and pricing ramping up
Simon Power says he has 'thoroughly enjoyed' being Westpac NZ's Acting CEO, keeps cards close to his chest on missing out on the role on a permanent basis
2nd Nov 21, 9:41am
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Simon Power says he has 'thoroughly enjoyed' being Westpac NZ's Acting CEO, keeps cards close to his chest on missing out on the role on a permanent basis
Westpac NZ annual profit bounces back after major reversal in loan impairments
1st Nov 21, 10:23am
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Westpac NZ annual profit bounces back after major reversal in loan impairments
Jarden analysts point out ANZ's greater exposure to NZ than its Aussie rivals mean it's likely to benefit more from rising NZ interest rates, possibly at the expense of depositors
1st Nov 21, 9:19am
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Jarden analysts point out ANZ's greater exposure to NZ than its Aussie rivals mean it's likely to benefit more from rising NZ interest rates, possibly at the expense of depositors
Adrian Orr is right to call on banks to use their balance sheets to support the vulnerable, but let's not forget what made some people vulnerable to begin with
30th Oct 21, 6:41am
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Adrian Orr is right to call on banks to use their balance sheets to support the vulnerable, but let's not forget what made some people vulnerable to begin with