Banking
FMA & RBNZ report concludes bank conduct & culture problems not widespread in NZ, but highlights a culture of banks acting in their own, not customers', interests
5th Nov 18, 2:00pm
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FMA & RBNZ report concludes bank conduct & culture problems not widespread in NZ, but highlights a culture of banks acting in their own, not customers', interests
Westpac NZ annual cash earnings rise 5%, statutory earnings up 3% to $936 mln, three-year business transformation programme yielding benefits
5th Nov 18, 10:07am
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Westpac NZ annual cash earnings rise 5%, statutory earnings up 3% to $936 mln, three-year business transformation programme yielding benefits
A new 'streamlined' system of prudential supervision covering both banks and non-bank deposit takers is strongly suggested in the consultation document for next stage of Reserve Bank Act
3rd Nov 18, 9:19am
A new 'streamlined' system of prudential supervision covering both banks and non-bank deposit takers is strongly suggested in the consultation document for next stage of Reserve Bank Act
CEO Angela Mentis says BNZ hopes to recoup revenue lost through fee reductions by gaining more customers' business & new customers
2nd Nov 18, 3:33pm
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CEO Angela Mentis says BNZ hopes to recoup revenue lost through fee reductions by gaining more customers' business & new customers
Consultation document for next stage of Reserve Bank Act review gives clear signals that some form of formal protection for bank depositors is likely to be introduced
2nd Nov 18, 11:08am
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Consultation document for next stage of Reserve Bank Act review gives clear signals that some form of formal protection for bank depositors is likely to be introduced
Sale of Paymark for $190 mln by ANZ, ASB, BNZ and Westpac to France's Ingenico cleared by Commerce Commission
2nd Nov 18, 9:35am
Sale of Paymark for $190 mln by ANZ, ASB, BNZ and Westpac to France's Ingenico cleared by Commerce Commission
ANZ Banking Group CEO Shayne Elliott describes group's NZ simplification as a 'total win-win' and something the group wants to replicate in Australia
1st Nov 18, 11:57am
ANZ Banking Group CEO Shayne Elliott describes group's NZ simplification as a 'total win-win' and something the group wants to replicate in Australia
ANZ NZ CEO David Hisco eyes growth opportunities for the to be retained UDC, expects work list of things to do from FMA & RBNZ report on bank conduct & culture
1st Nov 18, 11:53am
ANZ NZ CEO David Hisco eyes growth opportunities for the to be retained UDC, expects work list of things to do from FMA & RBNZ report on bank conduct & culture
BNZ posts 10% rise in annual profit as income rises and bottom line gets boost from mark to market movements in offshore debt
1st Nov 18, 10:19am
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BNZ posts 10% rise in annual profit as income rises and bottom line gets boost from mark to market movements in offshore debt
Two and a half years after putting NZ finance subsidiary UDC on the block, ANZ says it's 'putting on hold' all sale discussions
31st Oct 18, 10:18am
Two and a half years after putting NZ finance subsidiary UDC on the block, ANZ says it's 'putting on hold' all sale discussions
ANZ NZ profit surges $206m to $1.986b, or about $809 per customer. Calls off UDC sale. Group cuts staff incentive payments by A$124m in wake of Royal Commission
31st Oct 18, 9:50am
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ANZ NZ profit surges $206m to $1.986b, or about $809 per customer. Calls off UDC sale. Group cuts staff incentive payments by A$124m in wake of Royal Commission
'Courageous' Danske Bank whistle-blower deserves thanks from governments concerned about fraud and corruption, his lawyers say
25th Oct 18, 12:51pm
'Courageous' Danske Bank whistle-blower deserves thanks from governments concerned about fraud and corruption, his lawyers say
MBIE strongly opposed to the introduction of a comprehensive creditor licensing regime as part of government's loan shark crackdown
23rd Oct 18, 2:51pm
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MBIE strongly opposed to the introduction of a comprehensive creditor licensing regime as part of government's loan shark crackdown
Heartland Bank restructure clears final hurdle, dual listing on ASX to take place on November 1
23rd Oct 18, 10:39am
Heartland Bank restructure clears final hurdle, dual listing on ASX to take place on November 1
Aotearoa Credit Union's board 'intently focused on securing its future' after second consecutive annual loss & breach of RBNZ regulations
19th Oct 18, 4:35pm
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Aotearoa Credit Union's board 'intently focused on securing its future' after second consecutive annual loss & breach of RBNZ regulations
National Finance Spokesperson Amy Adams says the Government's planned reforms could undermine the Reserve Bank and turn it into a political tool
18th Oct 18, 4:14pm
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National Finance Spokesperson Amy Adams says the Government's planned reforms could undermine the Reserve Bank and turn it into a political tool
FMA's Rob Everett says banking probe considering any gaps in retail banking services framework that could undermine conduct supervision or regulation
18th Oct 18, 11:25am
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FMA's Rob Everett says banking probe considering any gaps in retail banking services framework that could undermine conduct supervision or regulation
Treasury's Gabriel Makhlouf accepts invitation from RBNZ's Adrian Orr to 'deepen his understanding of the process leading into a monetary policy decision'
16th Oct 18, 3:32pm
Treasury's Gabriel Makhlouf accepts invitation from RBNZ's Adrian Orr to 'deepen his understanding of the process leading into a monetary policy decision'
Interest-free 'buy now pay later' products such as Afterpay, PartPay, Laybuy and Oxipay, to remain outside the CCCFA, MBIE says
12th Oct 18, 10:58am
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Interest-free 'buy now pay later' products such as Afterpay, PartPay, Laybuy and Oxipay, to remain outside the CCCFA, MBIE says
Head of prudential supervision & self proclaimed arborist Toby Fiennes says RBNZ may add bank conduct metrics & individual bank stress test results to its Dashboard
7th Oct 18, 7:02am
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Head of prudential supervision & self proclaimed arborist Toby Fiennes says RBNZ may add bank conduct metrics & individual bank stress test results to its Dashboard
Offshore operating NZ building society Pacific Eagle Capital, formerly General Equity Building Society, gets FMA infringement notice and $7,500 fine
5th Oct 18, 12:02pm
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Offshore operating NZ building society Pacific Eagle Capital, formerly General Equity Building Society, gets FMA infringement notice and $7,500 fine
Sales or profit incentives need to go for banks' top dogs - not just frontline retail staff - says head of Aussie royal commission
4th Oct 18, 4:00pm
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Sales or profit incentives need to go for banks' top dogs - not just frontline retail staff - says head of Aussie royal commission
Ratings agency Moody's says the financial performance of our banks will continue to compare favourably with peers in other countries over the next 12-18 months despite slower credit growth and rising wholesale funding costs
4th Oct 18, 3:49pm
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Ratings agency Moody's says the financial performance of our banks will continue to compare favourably with peers in other countries over the next 12-18 months despite slower credit growth and rising wholesale funding costs
The Reserve Bank has spent $26.7 mln less over three years than its government funding deal allows, acknowledges bank conduct & culture review outside its remit
3rd Oct 18, 3:28pm
The Reserve Bank has spent $26.7 mln less over three years than its government funding deal allows, acknowledges bank conduct & culture review outside its remit
Brian Fallow delves into the multifaceted debate around the proposed overhaul of the Reserve Bank's monetary policy framework
3rd Oct 18, 9:24am
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Brian Fallow delves into the multifaceted debate around the proposed overhaul of the Reserve Bank's monetary policy framework