Banking
Mortgage brokers say most banks have had their struggles keeping up with demand in a red hot housing market
16th Dec 20, 10:51am
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Mortgage brokers say most banks have had their struggles keeping up with demand in a red hot housing market
S&P expects central bank digital currencies to be developed in a way that enables financial institutions to continue to play a major role in the financial system
10th Dec 20, 4:37pm
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S&P expects central bank digital currencies to be developed in a way that enables financial institutions to continue to play a major role in the financial system
Macquarie analysts argue commercial banks and fintech will exist solely at the grace of central banks and their earnings will be determined by them
10th Dec 20, 6:11am
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Macquarie analysts argue commercial banks and fintech will exist solely at the grace of central banks and their earnings will be determined by them
Reserve Bank provides details of its Funding for Lending Programme, which will launch next Monday, December 7 offering banks cheap, three-year funding
1st Dec 20, 2:50pm
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Reserve Bank provides details of its Funding for Lending Programme, which will launch next Monday, December 7 offering banks cheap, three-year funding
Australian Prudential Regulation Authority moves against 'material breaches of prudential liquidity standards' by Westpac, including in relation to Westpac NZ
1st Dec 20, 1:49pm
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Australian Prudential Regulation Authority moves against 'material breaches of prudential liquidity standards' by Westpac, including in relation to Westpac NZ
Heartland Group Holdings' project aiming to 'optimise value within the Group' mulls idea of pulling vehicle financing arm out of Heartland Bank as stand-alone subsidiary
1st Dec 20, 9:30am
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Heartland Group Holdings' project aiming to 'optimise value within the Group' mulls idea of pulling vehicle financing arm out of Heartland Bank as stand-alone subsidiary
The cheap, commoditised, homogenous home loan market with few distinctions works just the way the major banks like it, and the RBNZ's new funding option may help them consolidate their grip
28th Nov 20, 10:11am
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The cheap, commoditised, homogenous home loan market with few distinctions works just the way the major banks like it, and the RBNZ's new funding option may help them consolidate their grip
Big five New Zealand banks fill their boots on home loans during September quarter as COVID-19 sends profits south
27th Nov 20, 10:01am
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Big five New Zealand banks fill their boots on home loans during September quarter as COVID-19 sends profits south
Australian-based Citi Research banking analysts highlight 'messy' situation in New Zealand suggesting what appears to be a particularly aggressive RBNZ monetary policy approach has ignited the housing market
25th Nov 20, 9:13am
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Australian-based Citi Research banking analysts highlight 'messy' situation in New Zealand suggesting what appears to be a particularly aggressive RBNZ monetary policy approach has ignited the housing market
BNZ says it will reintroduce loan-to-value ratio restrictions on low deposit home loans from December 7 as Reserve Bank moves to formally restore them
24th Nov 20, 4:23pm
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BNZ says it will reintroduce loan-to-value ratio restrictions on low deposit home loans from December 7 as Reserve Bank moves to formally restore them
New Zealand Bankers' Association not won over by government's case for a consumer data right, says the public is underwhelmed by open banking
24th Nov 20, 9:23am
New Zealand Bankers' Association not won over by government's case for a consumer data right, says the public is underwhelmed by open banking
BNZ to shut 38 branches across New Zealand between December and June next year, says it will help staff 'find new job opportunities at BNZ'
19th Nov 20, 12:53pm
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BNZ to shut 38 branches across New Zealand between December and June next year, says it will help staff 'find new job opportunities at BNZ'
Macquarie banking analysts put the microscope on financial results from ANZ, CBA, NAB and Westpac, the Aussie parents of NZ's big four banks
19th Nov 20, 11:39am
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Macquarie banking analysts put the microscope on financial results from ANZ, CBA, NAB and Westpac, the Aussie parents of NZ's big four banks
Reserve Bank issues consultation paper on the details of its implementation plans for the final decisions made in its bank regulatory capital review
18th Nov 20, 9:38am
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Reserve Bank issues consultation paper on the details of its implementation plans for the final decisions made in its bank regulatory capital review
PM pleased the RBNZ is looking to reimpose stricter bank lending rules on investors than owner-occupiers, but won't go so far as to suggest what new LVR rules should look like
17th Nov 20, 6:34am
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PM pleased the RBNZ is looking to reimpose stricter bank lending rules on investors than owner-occupiers, but won't go so far as to suggest what new LVR rules should look like
New Reserve Bank figures show that only about $4 bln worth of mortgages are on a payment 'holiday' compared with over $22 billion earlier this year
16th Nov 20, 4:05pm
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New Reserve Bank figures show that only about $4 bln worth of mortgages are on a payment 'holiday' compared with over $22 billion earlier this year
Gareth Vaughan delves into the Reserve Bank's mandate, economic policy settings, the housing market and the type of society New Zealanders want
15th Nov 20, 6:02am
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Gareth Vaughan delves into the Reserve Bank's mandate, economic policy settings, the housing market and the type of society New Zealanders want
RBNZ Deputy Governor Geoff Bascand says the prudential regulator can't direct banks to lend funds from its Funding for Lending Programme to a particular sector
13th Nov 20, 10:31am
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RBNZ Deputy Governor Geoff Bascand says the prudential regulator can't direct banks to lend funds from its Funding for Lending Programme to a particular sector
Geoff Bascand clarifies the RBNZ wants to reimpose the exact same LVR restrictions in place earlier this year, so most owner-occupiers will need a 20% deposit
12th Nov 20, 2:58pm
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Geoff Bascand clarifies the RBNZ wants to reimpose the exact same LVR restrictions in place earlier this year, so most owner-occupiers will need a 20% deposit
The RBNZ delaying moves to level capital playing field with Aussie owned banks disappoints NZ owned banks, and exclusion from the Funding for Lending Programme disappoints building societies and credit unions
12th Nov 20, 9:40am
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The RBNZ delaying moves to level capital playing field with Aussie owned banks disappoints NZ owned banks, and exclusion from the Funding for Lending Programme disappoints building societies and credit unions
Juniper Research forecasts 1213% jump in unsecured lending through artificial intelligence platforms within five years to more than US$300 billion
11th Nov 20, 9:04am
Juniper Research forecasts 1213% jump in unsecured lending through artificial intelligence platforms within five years to more than US$300 billion
Citi banking analysts see growing optimism in Australia's housing and mortgage markets
10th Nov 20, 9:32am
Citi banking analysts see growing optimism in Australia's housing and mortgage markets
BNZ CEO Angela Mentis suggests the Reserve Bank probably won't need to drop the Official Cash Rate below zero if its proposed funding for lending programme works
6th Nov 20, 9:37am
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BNZ CEO Angela Mentis suggests the Reserve Bank probably won't need to drop the Official Cash Rate below zero if its proposed funding for lending programme works
Annual profit falls $260 million at BNZ as COVID-19 makes its impact felt, income falls and expenses rise
5th Nov 20, 10:29am
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Annual profit falls $260 million at BNZ as COVID-19 makes its impact felt, income falls and expenses rise
Discussion paper from Payments NZ details the 'building blocks' for a real-time payments system for the future
4th Nov 20, 9:34am
Discussion paper from Payments NZ details the 'building blocks' for a real-time payments system for the future