Banking
A wrap of all the tricks the Reserve Bank's pulled out of its bag (so far) to keep cash flowing through the economy
31st Mar 20, 7:37am
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A wrap of all the tricks the Reserve Bank's pulled out of its bag (so far) to keep cash flowing through the economy
Most banks set-up to receive mortgage repayment deferral applications online; Customers urged not to swarm call centres
27th Mar 20, 3:33pm
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Most banks set-up to receive mortgage repayment deferral applications online; Customers urged not to swarm call centres
Mortgage holders may need to wait until next week before banks make 6-month payment holiday available; Grant Robertson 'actively working' on extending scheme to building societies
26th Mar 20, 5:39pm
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Mortgage holders may need to wait until next week before banks make 6-month payment holiday available; Grant Robertson 'actively working' on extending scheme to building societies
In the first part of a series on NZ's retail payment systems, Gareth Vaughan details the scale of key players Visa & Mastercard, looks at how & why they pay a miniscule amount of tax & how interchange works
21st Mar 20, 10:00am
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In the first part of a series on NZ's retail payment systems, Gareth Vaughan details the scale of key players Visa & Mastercard, looks at how & why they pay a miniscule amount of tax & how interchange works
John Mauldin apologises to the Federal Reserve and says radical action is required to combat the coronavirus pandemic
20th Mar 20, 9:53am
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John Mauldin apologises to the Federal Reserve and says radical action is required to combat the coronavirus pandemic
The RBNZ issues details of its plan to ensure financial markets don't freeze up during the global Covid-19 emergency
20th Mar 20, 8:20am
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The RBNZ issues details of its plan to ensure financial markets don't freeze up during the global Covid-19 emergency
RBNZ defers regulatory initiatives to enable banks and insurers to focus on tackling COVID-19 challenges; Bank outsourcing policy and insurance review among work affected
18th Mar 20, 2:50pm
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RBNZ defers regulatory initiatives to enable banks and insurers to focus on tackling COVID-19 challenges; Bank outsourcing policy and insurance review among work affected
Heartland Group Holdings says home loan offering well received, sees overall lending growth continuing and is comfortable with its capital, liquidity and deposit reinvestment levels
18th Mar 20, 9:53am
Heartland Group Holdings says home loan offering well received, sees overall lending growth continuing and is comfortable with its capital, liquidity and deposit reinvestment levels
Reserve Bank Governor says banks must not 'just stop lending to everyone' and need to have the courage to 'get out and lend'
17th Mar 20, 11:48am
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Reserve Bank Governor says banks must not 'just stop lending to everyone' and need to have the courage to 'get out and lend'
Chapman Tripp outlines how 'neobanks' could enter the New Zealand market, potentially shaking up the local financial services sector
17th Mar 20, 9:50am
Chapman Tripp outlines how 'neobanks' could enter the New Zealand market, potentially shaking up the local financial services sector
Deputy RBNZ Governor Geoff Bascand: The RBNZ isn't willing to take on the 'additional risk' of going into negative OCR territory; Banks are well-funded for now but future uncertain
16th Mar 20, 3:14pm
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Deputy RBNZ Governor Geoff Bascand: The RBNZ isn't willing to take on the 'additional risk' of going into negative OCR territory; Banks are well-funded for now but future uncertain
RBNZ defers start date of new bank capital rules by a year, giving banks headroom to lend around $47 billion more than would otherwise have been the case
16th Mar 20, 9:20am
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RBNZ defers start date of new bank capital rules by a year, giving banks headroom to lend around $47 billion more than would otherwise have been the case
RBNZ Governor Adrian Orr reiterates next OCR review is scheduled for March 25 in speech on central bank's potential use of unconventional monetary policy tools
10th Mar 20, 2:56pm
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RBNZ Governor Adrian Orr reiterates next OCR review is scheduled for March 25 in speech on central bank's potential use of unconventional monetary policy tools
ANZ NZ CEO Antonia Watson says some government working capital support in response to coronavirus outbreak might be useful, bank in a very good position from a liquidity and funding sense
10th Mar 20, 1:44pm
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ANZ NZ CEO Antonia Watson says some government working capital support in response to coronavirus outbreak might be useful, bank in a very good position from a liquidity and funding sense
Reserve Bank and bank lobby group issue joint statement saying New Zealand banks are ready to respond to the impacts of coronavirus, tell financially affected customers to contact their banks
9th Mar 20, 4:52pm
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Reserve Bank and bank lobby group issue joint statement saying New Zealand banks are ready to respond to the impacts of coronavirus, tell financially affected customers to contact their banks
Big market opportunity seen for Heartland Group Holdings' push into the residential mortgage market
9th Mar 20, 9:27am
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Big market opportunity seen for Heartland Group Holdings' push into the residential mortgage market
Four key profit measures all weakened for New Zealand's big five banks in the December quarter
6th Mar 20, 9:39am
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Four key profit measures all weakened for New Zealand's big five banks in the December quarter
The Red Bank takes a sharp knife to its three, four and five year fixed home loan rates, making them all much lower than their main rivals. They also trim term deposit rates
5th Mar 20, 5:08pm
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The Red Bank takes a sharp knife to its three, four and five year fixed home loan rates, making them all much lower than their main rivals. They also trim term deposit rates
Heartland launches online home loan offers with aggressive one to three year fixed rates and a floating rate as it tests appetite for digital mortgages
5th Mar 20, 7:35am
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Heartland launches online home loan offers with aggressive one to three year fixed rates and a floating rate as it tests appetite for digital mortgages
Aussie parents of NZ's big four banks facing hits to everything from net interest margins to loan impairments as a result of economic downturn stemming from coronavirus
4th Mar 20, 9:29am
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Aussie parents of NZ's big four banks facing hits to everything from net interest margins to loan impairments as a result of economic downturn stemming from coronavirus
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Fast real-time payments are coming, making life much easier for consumers and opening up new revenue channels for banks. But some key components need to be in place to get wide adoption
29th Feb 20, 5:36am
Fast real-time payments are coming, making life much easier for consumers and opening up new revenue channels for banks. But some key components need to be in place to get wide adoption
Bank bosses divided ahead of key industry workshop on whether new redeemable perpetual preference shares will be fit for retail investors
27th Feb 20, 9:21am
Bank bosses divided ahead of key industry workshop on whether new redeemable perpetual preference shares will be fit for retail investors
Reserve Bank Bulletin article fleshes out details of the prudential regulator's estimates of the potential cost of cyber attacks on banks and insurers which are put at $142 mln annually, or 2% to 3% of their annual profits
26th Feb 20, 9:46am
Reserve Bank Bulletin article fleshes out details of the prudential regulator's estimates of the potential cost of cyber attacks on banks and insurers which are put at $142 mln annually, or 2% to 3% of their annual profits
Westpac New Zealand chief executive officer David McLean details the who, what, how and why behind a reshuffle of his senior executive team
25th Feb 20, 9:42am
Westpac New Zealand chief executive officer David McLean details the who, what, how and why behind a reshuffle of his senior executive team
Kiwibank CEO Steve Jurkovich details where the bank is at with a multi-year transformation programme expected to cost hundreds of millions of dollars
24th Feb 20, 9:35am
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Kiwibank CEO Steve Jurkovich details where the bank is at with a multi-year transformation programme expected to cost hundreds of millions of dollars