Banking
The New Zealand finance company ANZ has strenuously tried to sell keeps producing the goods; after tax profit rises 6% to $65.3 million
12th Dec 18, 4:10pm
The New Zealand finance company ANZ has strenuously tried to sell keeps producing the goods; after tax profit rises 6% to $65.3 million
RBNZ has made Patrick Hoerler GM of Business Operations; search still on for two further Assistant Governors
12th Dec 18, 10:53am
RBNZ has made Patrick Hoerler GM of Business Operations; search still on for two further Assistant Governors
BNZ to pay out over 10,000 customers an average of $375 each as a result of documentation errors following changes to the Credit Contracts and Consumer Finance Act (CCCFA)
5th Dec 18, 10:28am
BNZ to pay out over 10,000 customers an average of $375 each as a result of documentation errors following changes to the Credit Contracts and Consumer Finance Act (CCCFA)
Co-op Bank, SBS, TSB, Heartland and Rabobank all deliver lending and deposit growth in the September quarter
4th Dec 18, 3:30pm
Co-op Bank, SBS, TSB, Heartland and Rabobank all deliver lending and deposit growth in the September quarter
Governor Adrian Orr says RBNZ to impose capital standards on banks that match the public’s risk tolerance
30th Nov 18, 2:24pm
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Governor Adrian Orr says RBNZ to impose capital standards on banks that match the public’s risk tolerance
Higher bank capital requirements are necessary, RBNZ Governor Adrian Orr says, with big four banks' use of internal capital models to be constrained
30th Nov 18, 12:47pm
Higher bank capital requirements are necessary, RBNZ Governor Adrian Orr says, with big four banks' use of internal capital models to be constrained
Massey University's Claire Matthews steps down as chairman of beleaguered credit union industry association Co-op Money
28th Nov 18, 7:45am
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Massey University's Claire Matthews steps down as chairman of beleaguered credit union industry association Co-op Money
New Zealand's big four banks continue world-class profitability across a range of key measures
27th Nov 18, 5:32pm
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New Zealand's big four banks continue world-class profitability across a range of key measures
LVRs, bank capital review, dashboard plans and credit union struggles; Four things to keep an eye out for in the RBNZ's Financial Stability Report on Wednesday
26th Nov 18, 9:41am
LVRs, bank capital review, dashboard plans and credit union struggles; Four things to keep an eye out for in the RBNZ's Financial Stability Report on Wednesday
Co-op Money, the credit union industry association, has its credit rating downgraded as Fitch frets about tight liquidity, weakening capitalisation & its lack of profitability
23rd Nov 18, 5:08pm
Co-op Money, the credit union industry association, has its credit rating downgraded as Fitch frets about tight liquidity, weakening capitalisation & its lack of profitability
Bank of China's now been open for business in NZ for four years and wants to 'continue to leverage' its cross-border advantages to promote bilateral economic and trade cooperation
22nd Nov 18, 1:57pm
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Bank of China's now been open for business in NZ for four years and wants to 'continue to leverage' its cross-border advantages to promote bilateral economic and trade cooperation
The Reserve Bank admits it might need to change the way it oversees banks' books, as banks are poised to start servicing their customers more through third parties
22nd Nov 18, 10:56am
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The Reserve Bank admits it might need to change the way it oversees banks' books, as banks are poised to start servicing their customers more through third parties
ASB's parent Commonwealth Bank of Australia recommits to funding Heartland Group's Australian reverse mortgage business
22nd Nov 18, 9:43am
ASB's parent Commonwealth Bank of Australia recommits to funding Heartland Group's Australian reverse mortgage business
ASB, like BNZ and The Co-operative Bank, adopts facial recognition technology to enable new customers to apply for a bank account in 15 minutes without entering a branch
21st Nov 18, 12:49pm
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ASB, like BNZ and The Co-operative Bank, adopts facial recognition technology to enable new customers to apply for a bank account in 15 minutes without entering a branch
ANZ NZ September quarter return on equity bounces and net interest margin dips as profit rises 5%
20th Nov 18, 12:49pm
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ANZ NZ September quarter return on equity bounces and net interest margin dips as profit rises 5%
Challenge of achieving good customer outcomes through vertically integrated banks 'harmed significantly' by staff incentives 'to put away product', FMA says
19th Nov 18, 9:53am
Challenge of achieving good customer outcomes through vertically integrated banks 'harmed significantly' by staff incentives 'to put away product', FMA says
Co-op Money credit union members working on 'step-in rights' project against backdrop of more expensive than expected new Oracle Flexcube banking system
19th Nov 18, 9:34am
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Co-op Money credit union members working on 'step-in rights' project against backdrop of more expensive than expected new Oracle Flexcube banking system
Aotearoa Credit Union annual loss tops $2m as new Oracle core banking system causes loss of customers & leads to unreliable management reports
17th Nov 18, 10:34am
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Aotearoa Credit Union annual loss tops $2m as new Oracle core banking system causes loss of customers & leads to unreliable management reports
RBNZ, a payer of chunky dividends to the Government, wants to keep more of the money it generates to boost its prudential regulation department
17th Nov 18, 10:02am
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RBNZ, a payer of chunky dividends to the Government, wants to keep more of the money it generates to boost its prudential regulation department
'High risk' of inappropriate sales practices occurring with banks 'not adequately' monitoring and controlling the risk, FMA says in bank pay incentive structures report
15th Nov 18, 1:02pm
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'High risk' of inappropriate sales practices occurring with banks 'not adequately' monitoring and controlling the risk, FMA says in bank pay incentive structures report
FMA director of regulation Liam Mason details the type of bank pay incentives the regulator would like to see rewarded, says incentives linked to sales should go completely
15th Nov 18, 1:00pm
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FMA director of regulation Liam Mason details the type of bank pay incentives the regulator would like to see rewarded, says incentives linked to sales should go completely
Reserve Bank climate change strategy to focus on both its own activities and its regulatory oversight of financial stability
13th Nov 18, 12:43pm
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Reserve Bank climate change strategy to focus on both its own activities and its regulatory oversight of financial stability
Review considers change to existing RBNZ sound & efficient financial system policy objective with competition, consumer protection & public confidence also in the mix
13th Nov 18, 5:00am
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Review considers change to existing RBNZ sound & efficient financial system policy objective with competition, consumer protection & public confidence also in the mix
RBNZ Act review consultation paper details the local banking system by the numbers, highlighting the dominance of the Aussie owned banks
12th Nov 18, 11:58am
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RBNZ Act review consultation paper details the local banking system by the numbers, highlighting the dominance of the Aussie owned banks
Treasury to probe 'fundamental change' and growth required by Kiwibank to take on core government banking in 2023
12th Nov 18, 10:33am
Treasury to probe 'fundamental change' and growth required by Kiwibank to take on core government banking in 2023