Gareth Vaughan | interest.co.nz

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 7 months

Latest articles

What happened Tuesday

A review of things you need to know before you go home on Tuesday; Sydney house prices fall, S&P affirms NZ sovereign ratings, Patsy Reddy new Governor General, census testing & more

22nd Mar 16, 4:02pm

by Gareth Vaughan

A review of things you need to know before you go home on Tuesday; Sydney house prices fall, S&P affirms NZ sovereign ratings, Patsy Reddy new Governor General, census testing & more

Blockchain is 'rewriting the financial services rulebook'

PwC warns financial institutions' profit pools are under threat if they don't embrace secure distributed ledger technology

21st Mar 16, 11:38am

by Gareth Vaughan

PwC warns financial institutions' profit pools are under threat if they don't embrace secure distributed ledger technology

'RBNZ not accounting for depressing effect of lower rates'

Co-operative Bank CEO Bruce McLachlan argues banks penalising floating mortgage customers for margin pressure elsewhere is not rational

19th Mar 16, 6:02am

by Gareth Vaughan

Co-operative Bank CEO Bruce McLachlan argues banks penalising floating mortgage customers for margin pressure elsewhere is not rational

Are bank bosses' concerns more broad based than they're letting on?

Gareth Vaughan looks at what may really be going on at the banks

18th Mar 16, 10:48am

by Gareth Vaughan

Gareth Vaughan looks at what may really be going on at the banks

'I'm not sure I'm going to believe too much of what the Fed is saying'

HiFX's Dan Bell on the Fed's 'breathing room', Brexit, Donald Trump, NZ GDP & the RBNZ's surprise OCR cut

17th Mar 16, 3:58pm

by Gareth Vaughan

HiFX's Dan Bell on the Fed's 'breathing room', Brexit, Donald Trump, NZ GDP & the RBNZ's surprise OCR cut

F&P Finance a generous dividend payer

Fisher & Paykel Finance's dividends surged under Haier's control

16th Mar 16, 10:45am

by Gareth Vaughan

Fisher & Paykel Finance's dividends surged under Haier's control

SBS and TSB retain some of OCR cut for themselves

SBS and TSB pass on 15 and 20 basis points, respectively, of the 25 basis points OCR cut to floating rate borrowers

15th Mar 16, 5:20pm

by Gareth Vaughan

SBS and TSB pass on 15 and 20 basis points, respectively, of the 25 basis points OCR cut to floating rate borrowers

Lack of deposit insurance benefits big 4 banks - Fitch

Fitch says big 4 NZ banks' funding tasks manageable, notes 'potential risk' of households overstretching themselves

14th Mar 16, 4:02pm

by Gareth Vaughan

Fitch says big 4 NZ banks' funding tasks manageable, notes 'potential risk' of households overstretching themselves

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

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

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

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

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

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

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

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

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

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

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

Co-operative Bank CEO Bruce McLachlan says it's 'quite telling' that no other bank has yet followed HSBC's 3.95% mortgage rate