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Banking

No evidence bank capital issued as equity and subordinated debt is contributing to higher interest rates in the NZ economy, RBNZ says
19th Mar 24, 9:24am
No evidence bank capital issued as equity and subordinated debt is contributing to higher interest rates in the NZ economy, RBNZ says
New Zealand Banking Association calls for less restrictive debt-to-income limits for home lending than the RBNZ wants
16th Mar 24, 9:11am
18
New Zealand Banking Association calls for less restrictive debt-to-income limits for home lending than the RBNZ wants
Savers will be able to identify products covered by the Depositor Compensation Scheme through a logo currently being designed by the Reserve Bank
14th Mar 24, 1:03pm
7
Savers will be able to identify products covered by the Depositor Compensation Scheme through a logo currently being designed by the Reserve Bank
Housing lending as a percentage of New Zealand banks' total lending reaches 70%, KPMG's annual FIPS shows
13th Mar 24, 3:16pm
33
Housing lending as a percentage of New Zealand banks' total lending reaches 70%, KPMG's annual FIPS shows
RBNZ expects some deposit rate convergence across different types of deposit takers once compensation scheme launches
12th Mar 24, 3:02pm
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RBNZ expects some deposit rate convergence across different types of deposit takers once compensation scheme launches
[updated]
New Zealand banks told to come up with a reimbursement scheme for scam victims by September
1st Mar 24, 3:54pm
10
New Zealand banks told to come up with a reimbursement scheme for scam victims by September
Profit at New Zealand's biggest bank fell 22% in the December quarter as non-performing loans rose above $1 billion
1st Mar 24, 9:12am
Profit at New Zealand's biggest bank fell 22% in the December quarter as non-performing loans rose above $1 billion
Reserve Bank Governor Adrian Orr says competition between retail banks should be heating up as Commerce Commission prepare to report back on its market study
29th Feb 24, 12:42pm
19
Reserve Bank Governor Adrian Orr says competition between retail banks should be heating up as Commerce Commission prepare to report back on its market study
Live-streamed video from the February 2024 RBNZ Monetary Policy Statement press conference with Governor Adrian Orr
28th Feb 24, 2:55pm
by admin
Live-streamed video from the February 2024 RBNZ Monetary Policy Statement press conference with Governor Adrian Orr
Heartland Group engaged in 'labour intensive' regulatory approval process with the RBNZ & APRA for Challenger Bank
28th Feb 24, 9:30am
Heartland Group engaged in 'labour intensive' regulatory approval process with the RBNZ & APRA for Challenger Bank
Chairman John Key stepping down from ANZ NZ's board next month, will quit parent ANZ Banking Group's board too
27th Feb 24, 9:58am
76
Chairman John Key stepping down from ANZ NZ's board next month, will quit parent ANZ Banking Group's board too
CEO Steve Jurkovich says Kiwibank's margins have been stable as it grows home lending in weak market
23rd Feb 24, 10:03am
CEO Steve Jurkovich says Kiwibank's margins have been stable as it grows home lending in weak market
Commerce Commission outlines a range of interventions it could make to influence bank behaviour in interbank payments
23rd Feb 24, 7:38am
Commerce Commission outlines a range of interventions it could make to influence bank behaviour in interbank payments
[updated]
Kiwibank interim profit up 7% as home lending and net interest income increase. CEO Steve Jurkovich says reduction in surplus income main reason for customers who are struggling
22nd Feb 24, 9:39am
5
Kiwibank interim profit up 7% as home lending and net interest income increase. CEO Steve Jurkovich says reduction in surplus income main reason for customers who are struggling
Banks may have profited by $2b on customer call accounts through RBNZ using settlement accounts for its LSAP programme, consultant tells Commerce Commission
17th Feb 24, 9:40am
13
Banks may have profited by $2b on customer call accounts through RBNZ using settlement accounts for its LSAP programme, consultant tells Commerce Commission
[updated]
ASB CEO Vittoria Shortt says bank's lending contraction evidence of an unusual, challenging time
15th Feb 24, 5:17pm
29
ASB CEO Vittoria Shortt says bank's lending contraction evidence of an unusual, challenging time
[updated]
Falling net interest margin and rising costs push ASB half-year profit lower
14th Feb 24, 10:29am
12
Falling net interest margin and rising costs push ASB half-year profit lower
Australian consumer groups pushing hard as government develops scam regulatory framework
13th Feb 24, 1:58pm
by Guest
2
Australian consumer groups pushing hard as government develops scam regulatory framework
Squirrel's David Cunningham says it's 'pretty realistic' to expect 1-year fixed home loan rates below 6% by the end of 2024, and below 5% by the end of 2025
3rd Feb 24, 9:00am
by Guest
60
Squirrel's David Cunningham says it's 'pretty realistic' to expect 1-year fixed home loan rates below 6% by the end of 2024, and below 5% by the end of 2025
Labour, Consumer NZ will be watching closely how new Government rolls out financial services reform
31st Jan 24, 2:53pm
8
Labour, Consumer NZ will be watching closely how new Government rolls out financial services reform
CEO Catherine McGrath explains why Westpac NZ now allows people going through bankruptcy to keep transactional bank accounts open
31st Jan 24, 11:45am
by Guest
CEO Catherine McGrath explains why Westpac NZ now allows people going through bankruptcy to keep transactional bank accounts open
Geof Mortlock argues Minister of Finance Nicola Willis should commission an independent review of the RBNZ's DTI policy coordinated by Treasury
30th Jan 24, 9:19am
by Guest
34
Geof Mortlock argues Minister of Finance Nicola Willis should commission an independent review of the RBNZ's DTI policy coordinated by Treasury
[updated]
RBNZ wants to loosen loan-to-value ratio restrictions and introduce debt-to-income restrictions on banks' home lending
23rd Jan 24, 10:19am
156
RBNZ wants to loosen loan-to-value ratio restrictions and introduce debt-to-income restrictions on banks' home lending
We analyse the the recent changes in mortgage market share and find that while the big five banks' dominance isn't challenged, there are interesting shifts between them
7th Jan 24, 8:00am
13
We analyse the the recent changes in mortgage market share and find that while the big five banks' dominance isn't challenged, there are interesting shifts between them
Frontline ANZ staff report in what they see in the economy from their clients. These anecdotes paint a picture of a domestic economy in November that was struggling on many fronts
21st Dec 23, 11:07am
by admin
48
Frontline ANZ staff report in what they see in the economy from their clients. These anecdotes paint a picture of a domestic economy in November that was struggling on many fronts