20th May 19, 9:23am
Banks continue to chip away at their home loan rate offers. Today it is BNZ offering a market leading three year fixed mortgage rate
Banks continue to chip away at their home loan rate offers. Today it is BNZ offering a market leading three year fixed mortgage rate
16th May 19, 10:00am
Chapman Tripp's Mark Reese and Ross Pennington suggest the RBNZ's proposals to increase the big four banks' capital requirements would benefit from an arbiter
Chapman Tripp's Mark Reese and Ross Pennington suggest the RBNZ's proposals to increase the big four banks' capital requirements would benefit from an arbiter
13th May 19, 2:11pm
Banks have had to remove incentives linked to sales and are being told to ensure good outcomes for all customers. Here, ANZ, BNZ and Westpac's CEOs talk about how this is progressing
Banks have had to remove incentives linked to sales and are being told to ensure good outcomes for all customers. Here, ANZ, BNZ and Westpac's CEOs talk about how this is progressing
[Updated]
11th May 19, 3:09pm
With headline mortgage rates from every bank for every fixed term now below 5% and most key rates below 4%, this is a very competitive home loan market. Cash incentives are also available as well
[Updated]
With headline mortgage rates from every bank for every fixed term now below 5% and most key rates below 4%, this is a very competitive home loan market. Cash incentives are also available as well
11th May 19, 9:46am
Business lobby group BusinessNZ is dismissive of the RBNZ's bank capital proposals yet NZ owned banks argue they would bolster their competitive position vs their big Aussie owned rivals. So why the disconnect?
Business lobby group BusinessNZ is dismissive of the RBNZ's bank capital proposals yet NZ owned banks argue they would bolster their competitive position vs their big Aussie owned rivals. So why the disconnect?
[Updated]
8th May 19, 2:04pm
RBNZ cuts official interest rates for the first time since November 2016; ANZ and Kiwibank immediately cut rates
[Updated]
RBNZ cuts official interest rates for the first time since November 2016; ANZ and Kiwibank immediately cut rates
7th May 19, 4:50pm
Gareth Vaughan delves into the big banks' interim financial results noting three are on track for annual profit of more than $1 bln, whilst ANZ could crack $2 bln
Gareth Vaughan delves into the big banks' interim financial results noting three are on track for annual profit of more than $1 bln, whilst ANZ could crack $2 bln
6th May 19, 2:26pm
BNZ economists doubt the Reserve Bank's ability to 'impact outcomes' in the current economic environment
BNZ economists doubt the Reserve Bank's ability to 'impact outcomes' in the current economic environment
4th May 19, 10:02am
ANZ NZ CEO David Hisco says Auckland housing market may be in 7-8 year period where it does nothing, as BNZ rival Angela Mentis eyes continued growth of housing lending market share
ANZ NZ CEO David Hisco says Auckland housing market may be in 7-8 year period where it does nothing, as BNZ rival Angela Mentis eyes continued growth of housing lending market share
4th May 19, 9:31am
In a slowing housing market, banks chase carded home loan rate offers lower. Weighted average offers at challenger banks are lower than for the main banks
In a slowing housing market, banks chase carded home loan rate offers lower. Weighted average offers at challenger banks are lower than for the main banks
3rd May 19, 10:05am
As if the first Official Cash Rate decision to be made by the new Monetary Policy Committee wasn't intriguing enough, there's also a fair chance we may see the first rate cut since 2016
As if the first Official Cash Rate decision to be made by the new Monetary Policy Committee wasn't intriguing enough, there's also a fair chance we may see the first rate cut since 2016
3rd May 19, 10:02am
BNZ matches two key rivals with sharp four and five year fixed home loan rates, but doesn't go as far down as Kiwibank. ANZ's equivalent offers remain uncompetitive
BNZ matches two key rivals with sharp four and five year fixed home loan rates, but doesn't go as far down as Kiwibank. ANZ's equivalent offers remain uncompetitive
3rd May 19, 9:33am
CEO Angela Mentis says if RBNZ capital proposals go ahead BNZ will have to be 'incredibly disciplined about what business we do'
CEO Angela Mentis says if RBNZ capital proposals go ahead BNZ will have to be 'incredibly disciplined about what business we do'
[Updated]
2nd May 19, 10:35am
BNZ posts 12% increase in interim profit to $550 mln with income up and expenses & bad debts both falling. Parent NAB says BNZ may need to 'reprice and/or reduce' lending to meet RBNZ capital proposals
[Updated]
BNZ posts 12% increase in interim profit to $550 mln with income up and expenses & bad debts both falling. Parent NAB says BNZ may need to 'reprice and/or reduce' lending to meet RBNZ capital proposals
30th Apr 19, 5:00am
Gareth Vaughan argues the RBNZ's proposals to increase bank capital requirements could be good for both NZ banking competition and NZ taxpayers
Gareth Vaughan argues the RBNZ's proposals to increase bank capital requirements could be good for both NZ banking competition and NZ taxpayers
29th Apr 19, 4:03pm
Low-risk home, car and contents policyholders to stop subsidising high-risk customers as IAG ups the ante on risk-based pricing; Company denies move is a money grab
Low-risk home, car and contents policyholders to stop subsidising high-risk customers as IAG ups the ante on risk-based pricing; Company denies move is a money grab
24th Apr 19, 5:00am
Credit rating agency Fitch says ANZ NZ, ASB, BNZ and Westpac NZ 'won't need to do anything extraordinary' to meet RBNZ's proposed increased capital requirements
Credit rating agency Fitch says ANZ NZ, ASB, BNZ and Westpac NZ 'won't need to do anything extraordinary' to meet RBNZ's proposed increased capital requirements
[Updated]
11th Apr 19, 5:04pm
Many banks rush to cut term deposit rates, leaving few outliers and fewer options to lock in what were already considered low rates before they are trimmed even lower
[Updated]
Many banks rush to cut term deposit rates, leaving few outliers and fewer options to lock in what were already considered low rates before they are trimmed even lower
11th Apr 19, 1:47pm
The RBNZ proposes to designate ANZ, ASB, BNZ and Westpac as systemically important banks meaning they'd have capital requirements above and beyond other banks
The RBNZ proposes to designate ANZ, ASB, BNZ and Westpac as systemically important banks meaning they'd have capital requirements above and beyond other banks
9th Apr 19, 7:51am
BNZ dismisses Australian media report it's negotiating a sale of its life insurance business to Partners Life, which is staying quiet
BNZ dismisses Australian media report it's negotiating a sale of its life insurance business to Partners Life, which is staying quiet
