BNZ

New BNZ executive appointments include Russell Jones joining from ASB

23 May 18, 1:10pm

Senior ASB executive Russell Jones shifting to BNZ to become executive general manager for technology and operations
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BNZ cooperating with MBIE's Labour Inspectorate to resolve Holidays Act issues

21 May 18, 9:43am

Gareth Vaughan

BNZ working with MBIE to resolve Holidays Act breaches which include annual and public holiday payments to 'certain employees'
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BNZ using incorrect unutilised credit limits on some loans for 15 years

18 May 18, 12:43pm

Gareth Vaughan

6 comments

BNZ unveils two breaches of banking registration that mean it has been overstating its capital adequacy ratios and has restated them, discloses big restructuring provision
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'Fonterra on the front foot'

16 May 18, 3:35pm

David Hargreaves

ASB economists expect Fonterra next week to give a 'healthy' milk price forecast of $6.50 or better for the new season
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Adrian Orr leads the Reserve Bank into uncharted waters

11 May 18, 6:26am

Jason Walls

1 comment

The new Governor’s approach to the central bank’s communication was on full display on Thursday, turning the heads of journalists, MPs and economists
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Orr makes ‘easiest decision’ in more than a decade to keep OCR on hold

10 May 18, 1:07pm

Jason Walls

40 comments

The Reserve Bank Governor has already won over the bank economists with his new style of upfront and simple communication
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More mortgage rate cuts

10 May 18, 9:05am

David Chaston

8 comments

ASB reduces two fixed home loan rates, taking its fixed three year offer to a market leading 4.79%. The Co-operative Bank also trims some rates
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BNZ providing FMA 'proof points' to prove it's better behaved than Aussie banks

4 May 18, 9:54am

Gareth Vaughan

BNZ CEO Angela Mentis says systemic bad bank behaviour happening in Australia is not happening at BNZ, but the NZ bank's not complacent
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Risk-off tone developes

4 May 18, 7:56am

Jason Wong

UST yields have nudged a little lower; USD is mainly softer; NZD is modestly higher across the board; NZ rates curve barely showed any movement yesterday
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BNZ posts 18% increase in interim profit

3 May 18, 10:32am

Gareth Vaughan

1 comment

BNZ half-year profit surges to $490 mln as lower funding costs help boost the bank's net interest margin, new CEO says BNZ is not complacent about the issues emerging from Australia
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US growth weaker

30 Apr 18, 8:04am

Jason Wong

Korean detente ignored. US and UK growth subdued, although US inflation firms. BofJ gives up on 2% inflation target. Eyes on NZ business confidence
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Neither Faafoi nor Orr see a need for an NZ banking Royal Commission

23 Apr 18, 10:39am

Gareth Vaughan

33 comments

Despite the revelations from Australia's Financial Services Royal Commission going from bad to worse, don't expect the local offshoots of Australia's big banks to face the same scrutiny in NZ
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Kiwibank goes long and lower

20 Apr 18, 4:36pm

David Chaston

9 comments

State-owned mortgage lender changes its point of attack, offering market leading fixed home loan rates for terms of three years and longer
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Default KiwiSaver fund performance sags

17 Apr 18, 5:00am

David Chaston

7 comments

The tide is going out for investors in KiwiSaver Default funds as the heavy allocation in fixed-income securities risks valuation readjustment down, cancelling any gains in yields
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Inflation picked to drop to the bottom of the RBNZ’s target band

16 Apr 18, 4:01pm

Jason Walls

20 comments

The market consensus is for CPI inflation to fall to 1.1% year-on-year when the data is released on Thursday but most bank economists say that figure is higher than they are expecting
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