Banking
Westpac NZ 'onshores' about 200 jobs from Australia as it meets new RBNZ outsourcing requirements, fights financial crime
7th Nov 23, 9:16am
Westpac NZ 'onshores' about 200 jobs from Australia as it meets new RBNZ outsourcing requirements, fights financial crime
TSB's new chief Kerry Boielle is joining the bank from a senior position with Southern Cross Health Care Society, replacing Donna Cooper who departed earlier this year
6th Nov 23, 3:20pm
TSB's new chief Kerry Boielle is joining the bank from a senior position with Southern Cross Health Care Society, replacing Donna Cooper who departed earlier this year
What Revolut’s attempt to secure a UK banking licence could mean for its current customers and for the ‘unbanked’
6th Nov 23, 11:20am
2
What Revolut’s attempt to secure a UK banking licence could mean for its current customers and for the ‘unbanked’
[updated]
Westpac New Zealand annual profit falls as expenses, loan impairments rise. Net interest margin increases
6th Nov 23, 10:27am
41
Westpac New Zealand annual profit falls as expenses, loan impairments rise. Net interest margin increases
Reserve Bank to prepare and maintain a plan for dealing with every deposit taker in case it fails
4th Nov 23, 9:20am
15
Reserve Bank to prepare and maintain a plan for dealing with every deposit taker in case it fails
Think the RBA will lift rates on Melbourne Cup day? Don’t bet your house on it, Peter Martin says
2nd Nov 23, 10:20am
3
Think the RBA will lift rates on Melbourne Cup day? Don’t bet your house on it, Peter Martin says
Raghuram Rajan warns higher capital requirements for banks become counterproductive beyond a certain point
1st Nov 23, 11:20am
1
Raghuram Rajan warns higher capital requirements for banks become counterproductive beyond a certain point
Citi analysts question loan provision levels being held by Australasia's big 4 banks, saying 'we expect the auditors would have some probing questions'
31st Oct 23, 9:21am
Citi analysts question loan provision levels being held by Australasia's big 4 banks, saying 'we expect the auditors would have some probing questions'
Morgan Stanley analysts give their share buyback and dividend outlook ahead of big bank reporting season
27th Oct 23, 9:09am
Morgan Stanley analysts give their share buyback and dividend outlook ahead of big bank reporting season
Mortgage broker & ex-banker David Cunningham suggests the latest wave of bank mortgage rate increases are padding out margins
27th Oct 23, 6:38am
27
Mortgage broker & ex-banker David Cunningham suggests the latest wave of bank mortgage rate increases are padding out margins
Reforming the controversial Credit Contracts & Consumer Finance Act could turn out to be more complex than hoped by its critics
26th Oct 23, 10:09am
2
Reforming the controversial Credit Contracts & Consumer Finance Act could turn out to be more complex than hoped by its critics
Commerce Commission criticised for 'technocratic rather than democratic' bank competition probe, by consultancy Habilis, which wants it to protect the weak rather than play the role of a neutral umpire
25th Oct 23, 11:52am
9
Commerce Commission criticised for 'technocratic rather than democratic' bank competition probe, by consultancy Habilis, which wants it to protect the weak rather than play the role of a neutral umpire
Westpac floats idea of mutual anti-money laundering due diligence across banks to help improve the customer switching experience
21st Oct 23, 10:11am
6
Westpac floats idea of mutual anti-money laundering due diligence across banks to help improve the customer switching experience
[updated]
RBNZ mulls giving non-bank deposit takers access to settlement accounts so they don't have to go through the big banks who get the financial benefit
19th Oct 23, 2:42pm
7
RBNZ mulls giving non-bank deposit takers access to settlement accounts so they don't have to go through the big banks who get the financial benefit
She was 'appalled' he was reappointed without an independent review, so how will likely incoming Finance Minister Nicola Willis get on with RBNZ Governor Adrian Orr?
17th Oct 23, 2:14pm
39
She was 'appalled' he was reappointed without an independent review, so how will likely incoming Finance Minister Nicola Willis get on with RBNZ Governor Adrian Orr?
Higher interest rates have exposed vulnerabilities in some banks, and many more would be weakened by a prolonged period of tight monetary policy, says the IMF
17th Oct 23, 9:14am
6
Higher interest rates have exposed vulnerabilities in some banks, and many more would be weakened by a prolonged period of tight monetary policy, says the IMF
Reserve Bank staffing levels and personal costs surge over past five years as it takes on broader role
14th Oct 23, 9:27am
25
Reserve Bank staffing levels and personal costs surge over past five years as it takes on broader role
More mortgage borrowers are switching banks but borrowers seem to have reached their home loan obligation limit as rates and payments rise. High LVR borrowers have the fewest choices
11th Oct 23, 10:48am
14
More mortgage borrowers are switching banks but borrowers seem to have reached their home loan obligation limit as rates and payments rise. High LVR borrowers have the fewest choices
Andrew Body & Simon Jensen argue efficient credit allocation to reduce the cost of capital for business and improve productivity is a silver bullet for the NZ economy
11th Oct 23, 9:44am
13
Andrew Body & Simon Jensen argue efficient credit allocation to reduce the cost of capital for business and improve productivity is a silver bullet for the NZ economy
Four NZ-owned banks suggest laws could be targeted at improving competition, or at least not harming it
11th Oct 23, 9:21am
Four NZ-owned banks suggest laws could be targeted at improving competition, or at least not harming it
The cutting edge behavioural analytics NZ banks could use to shut down scammers, and which big bank has signed up
2nd Oct 23, 2:04pm
2
The cutting edge behavioural analytics NZ banks could use to shut down scammers, and which big bank has signed up
Commerce Commission receives 120 complaints about payment surcharges
28th Sep 23, 11:42am
Commerce Commission receives 120 complaints about payment surcharges
KPMG's latest quarterly look at banks' financials highlights that only 'slight' increases have been seen in net interest income, with much of the increased bank profitability coming from greater gains on trading and hedging products
27th Sep 23, 9:51am
1
KPMG's latest quarterly look at banks' financials highlights that only 'slight' increases have been seen in net interest income, with much of the increased bank profitability coming from greater gains on trading and hedging products
Even though rates are now at fifteen year highs, home loan borrowers should be anticipating further fixed rate rises, and quite soon for the next shift up
24th Sep 23, 12:00pm
181
Even though rates are now at fifteen year highs, home loan borrowers should be anticipating further fixed rate rises, and quite soon for the next shift up
NZ banks are lagging on real-time payments and fraud protections. The Commerce Commission says it could force them to get on with it
22nd Sep 23, 10:59am
2
NZ banks are lagging on real-time payments and fraud protections. The Commerce Commission says it could force them to get on with it