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Gareth Vaughan

About

Gareth is editor of interest.co.nz and has worked for more than 20 years as a financial journalist in New Zealand and the United Kingdom. He has received awards in the EY Business Journalism Awards, Canon Media Awards, and Shareholders' Association Business Journalism Awards.

Member for

15 years 2 months

Latest articles

Going down, down, down
Banks including ANZ, BNZ, Kiwibank, TSB & Westpac cutting savings rates with some now as low as 0.75%
14th Mar 16, 2:53pm
by Gareth Vaughan
42
Banks including ANZ, BNZ, Kiwibank, TSB & Westpac cutting savings rates with some now as low as 0.75%
ANZ takes the tight road, others follow
Gareth Vaughan argues banks not passing on the full 25 basis points OCR cut is not justified
12th Mar 16, 5:02am
by Gareth Vaughan
11
Gareth Vaughan argues banks not passing on the full 25 basis points OCR cut is not justified
Kiwibank cuts floating mortgage rates & 3 fixed-term rates
Kiwibank cuts floating mortgage rate by 20 basis points, flexible & offset rates by 15, and 3-5 year fixed rates by up to 36 basis points
11th Mar 16, 11:49am
by Gareth Vaughan
10
Kiwibank cuts floating mortgage rate by 20 basis points, flexible & offset rates by 15, and 3-5 year fixed rates by up to 36 basis points
Wheeler plays down dairy threat to financial stability
Governor Wheeler says RBNZ believes banks have the capital reserves to accommodate its worst case dairy scenario
11th Mar 16, 11:07am
by Gareth Vaughan
Governor Wheeler says RBNZ believes banks have the capital reserves to accommodate its worst case dairy scenario
How big is Kiwibank's finance company?
Kiwibank set to buyback the 30% of Kiwi Asset Finance it doesn't own over 2 years
10th Mar 16, 4:02pm
by Gareth Vaughan
Kiwibank set to buyback the 30% of Kiwi Asset Finance it doesn't own over 2 years
'You write your best loans in the bottom of a downturn'
Westpac NZ CEO David McLean says dairy lending stress testing 'not particularly worrying,' downturn 'an opportunity to pick up good business'
10th Mar 16, 10:29am
by Gareth Vaughan
1
Westpac NZ CEO David McLean says dairy lending stress testing 'not particularly worrying,' downturn 'an opportunity to pick up good business'
Co-operative Bank moves first after OCR cut
The Co-operative Bank drops its floating mortgage rate by 25 basis points
10th Mar 16, 9:54am
by Gareth Vaughan
5
The Co-operative Bank drops its floating mortgage rate by 25 basis points
Westpac NZ sees 'targeted growth' opportunities in rural sector
Westpac says stressed agri loans increased 26 basis points during December quarter
9th Mar 16, 5:30pm
by Gareth Vaughan
Westpac says stressed agri loans increased 26 basis points during December quarter
The type of DNA co-operatives need
International Co-operative Alliance president Monique Leroux says today's challenges make staying close to members even more important
8th Mar 16, 2:21pm
by Gareth Vaughan
1
International Co-operative Alliance president Monique Leroux says today's challenges make staying close to members even more important
ANZ's 'whole professional reputation' at stake
The worm turns at ANZ as the parent of NZ's biggest bank takes its turn under the regulatory spotlight
8th Mar 16, 10:57am
by Gareth Vaughan
2
The worm turns at ANZ as the parent of NZ's biggest bank takes its turn under the regulatory spotlight
Policing the FSPR 'not a great use of the FMA's resources'
CEO Rob Everett seeking clarity from MBIE review into abuse of Financial Service Providers Register so FMA can 'get on with the job'
8th Mar 16, 7:30am
by Gareth Vaughan
CEO Rob Everett seeking clarity from MBIE review into abuse of Financial Service Providers Register so FMA can 'get on with the job'
Fees 'a tension built into any lending model'
FMA CEO Rob Everett says licensing P2P lenders a 'challenge' but no point looking at any regulatory changes until after a downturn
7th Mar 16, 7:02am
by Gareth Vaughan
1
FMA CEO Rob Everett says licensing P2P lenders a 'challenge' but no point looking at any regulatory changes until after a downturn
'Messages we were delivering have been heard'
FMA CEO Rob Everett suggests KiwiSaver providers are now showing more respect towards their 'privileged position'
5th Mar 16, 5:02am
by Gareth Vaughan
3
FMA CEO Rob Everett suggests KiwiSaver providers are now showing more respect towards their 'privileged position'
ANZ 'marrying wealth to its retail businesses'
ANZ shakes up its wealth strategy in push to 'maximise and liberate' capital
2nd Mar 16, 2:42pm
by Gareth Vaughan
1
ANZ shakes up its wealth strategy in push to 'maximise and liberate' capital
Google Australasia boss joins ANZ
ANZ poaches new digital banking group executive Maile Carnegie from Google
1st Mar 16, 3:01pm
by Gareth Vaughan
ANZ poaches new digital banking group executive Maile Carnegie from Google
The bail-in threat to NZ bank credit ratings
S&P ponders the impact of reduced Australian govt support for, and higher capital levels at, Australasia's big 4 banks
1st Mar 16, 2:29pm
by Gareth Vaughan
S&P ponders the impact of reduced Australian govt support for, and higher capital levels at, Australasia's big 4 banks
'We can't make money at 3.95%'
Co-operative Bank CEO Bruce McLachlan says it's 'quite telling' that no other bank has yet followed HSBC's 3.95% mortgage rate
1st Mar 16, 12:19pm
by Gareth Vaughan
37
Co-operative Bank CEO Bruce McLachlan says it's 'quite telling' that no other bank has yet followed HSBC's 3.95% mortgage rate
Are cost-to-income ratios bottoming out?
Negative jaws creeping in as cost pressures rise at many of the country's retail banks
1st Mar 16, 12:04pm
by Gareth Vaughan
Negative jaws creeping in as cost pressures rise at many of the country's retail banks
SBS grows consumer lending 28.5% in 6 months
Finance Now's car loan push, home loans drive SBS Bank's December quarter lending growth as agriculture & commercial lending declines
29th Feb 16, 4:31pm
by Gareth Vaughan
2
Finance Now's car loan push, home loans drive SBS Bank's December quarter lending growth as agriculture & commercial lending declines
TSB cost-to-income ratio blows out
TSB posts strong Dec quarter lending growth but costs surge through 'deliberate policy' to future proof the bank
26th Feb 16, 5:05pm
by Gareth Vaughan
TSB posts strong Dec quarter lending growth but costs surge through 'deliberate policy' to future proof the bank
Westpac NZ NIM, CTI deteriorate in December quarter
Westpac NZ quarterly unaudited profit flat with asset quality steady
25th Feb 16, 4:31pm
by Gareth Vaughan
Westpac NZ quarterly unaudited profit flat with asset quality steady
BNZ lifts doubtful debts provision
BNZ December quarter NIM falls, CTI rises, mortgage book grows at a fraction below system
25th Feb 16, 4:31pm
by Gareth Vaughan
BNZ December quarter NIM falls, CTI rises, mortgage book grows at a fraction below system
BNZ staff paid the least on average of the big 5 banks' employees
BNZ staff paid an average of $11k less than those of any other big 5 bank; Annual NZ bank staff pay $2.63b in total
25th Feb 16, 5:03am
by Gareth Vaughan
BNZ staff paid an average of $11k less than those of any other big 5 bank; Annual NZ bank staff pay $2.63b in total
ANZ holds lion's share of NZ banks' derivatives
Major NZ banks held $2.77 trillion of derivatives contracts as of Sep 30 last year, KPMG says
25th Feb 16, 5:03am
by Gareth Vaughan
9
Major NZ banks held $2.77 trillion of derivatives contracts as of Sep 30 last year, KPMG says
RBNZ 'keeping an open mind' on proposed bank outsourcing changes
KPMG says banking sector 'deeply angered and concerned' about RBNZ proposal that could cost 'hundreds of millions'
24th Feb 16, 5:02pm
by Gareth Vaughan
1
KPMG says banking sector 'deeply angered and concerned' about RBNZ proposal that could cost 'hundreds of millions'