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

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

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

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

KPMG says banking sector 'deeply angered and concerned' about RBNZ proposal that could cost 'hundreds of millions'

FIPS titbits

Here's a look at some of the detail in KPMG's annual Financial Institutions Performance Survey

24th Feb 16, 7:32am

by Gareth Vaughan

Here's a look at some of the detail in KPMG's annual Financial Institutions Performance Survey

Capital constrained Kiwibank eyes growth in wealth sector

Kiwibank CEO Paul Brock sees wealth sector as 'the big dynamic that's shifting in the NZ financial services marketplace'

23rd Feb 16, 1:44pm

by Gareth Vaughan

Kiwibank CEO Paul Brock sees wealth sector as 'the big dynamic that's shifting in the NZ financial services marketplace'

Westpac NZ issues 17-year covered bond

Westpac NZ issues €200 mln, 17-year covered bond to European pension fund as part of NZ$1.5bln offshore funding round

22nd Feb 16, 1:40pm

by Gareth Vaughan

Westpac NZ issues €200 mln, 17-year covered bond to European pension fund as part of NZ$1.5bln offshore funding round

AEOI, the 4 voweled tax behemoth

Govt seeks feedback on NZ implementation of OECD, G20 push to 'end banking secrecy as we have known it'

22nd Feb 16, 12:02pm

by Gareth Vaughan

Govt seeks feedback on NZ implementation of OECD, G20 push to 'end banking secrecy as we have known it'

'The RBNZ doesn't need to cut the OCR right now' - Kiwibank CEO

Kiwibank chief says the OCR is low enough and the Reserve Bank doesn't need to cut at the moment

22nd Feb 16, 10:31am

by Gareth Vaughan

Kiwibank chief says the OCR is low enough and the Reserve Bank doesn't need to cut at the moment

IRD to consult on changing bank cross jurisdiction funding structures

NZ taxman to consider changes to the tax treatment of hybrid bank securities such as CBA's PERLS VIII

19th Feb 16, 5:02pm

by Gareth Vaughan

NZ taxman to consider changes to the tax treatment of hybrid bank securities such as CBA's PERLS VIII

'Of course there's some stress'

CFO Antonia Watson says ANZ NZ is seeing across the board increases in wholesale funding costs

18th Feb 16, 4:19pm

by Gareth Vaughan

CFO Antonia Watson says ANZ NZ is seeing across the board increases in wholesale funding costs

Overseas operating NZ registered building society shown the door

FMA boots General Equity, formerly the General Equity Building Society, off the Financial Service Providers Register

18th Feb 16, 12:44pm

by Gareth Vaughan

FMA boots General Equity, formerly the General Equity Building Society, off the Financial Service Providers Register

CBA's 'uncompetitive arbitrage' funding

CBA's NZ branch funding giving the trifecta of Tier 1 Capital, NZ tax deductibility & Australian franking credits could face OECD-led heat

17th Feb 16, 5:02pm

by Gareth Vaughan

CBA's NZ branch funding giving the trifecta of Tier 1 Capital, NZ tax deductibility & Australian franking credits could face OECD-led heat

ANZ NZ's David Hisco sees 'headwinds'

ANZ posts drop in quarterly profit but reports fall in impaired & 90 day past due assets

17th Feb 16, 12:18pm

by Gareth Vaughan

ANZ posts drop in quarterly profit but reports fall in impaired & 90 day past due assets

ASB swaps low equity fees on high LVR loans for low equity margins

ASB introduces specific low equity margins in place of varying fees on high LVR home loans, blames RBNZ

17th Feb 16, 10:34am

by Gareth Vaughan

ASB introduces specific low equity margins in place of varying fees on high LVR home loans, blames RBNZ

ApocOilypse Now?

Kiwi analyst Michael Parker argues the weak oil price is unlikely to be a systemic risk to the global economy

17th Feb 16, 5:03am

by Gareth Vaughan

Kiwi analyst Michael Parker argues the weak oil price is unlikely to be a systemic risk to the global economy

Who is the 2nd bank lending via Harmoney? Draw your own conclusion

Harmoney founder expects two banks to lend about $175m to borrowers through the P2P lender over next 12 months

16th Feb 16, 5:02pm

by Gareth Vaughan

Harmoney founder expects two banks to lend about $175m to borrowers through the P2P lender over next 12 months

Harmoney revamps business model after borrower fees overhaul

Harmoney's Neil Roberts on the impact of pleasing regulators, chairman Rob Campbell's departure, Australian plans & more

15th Feb 16, 4:02pm

by Gareth Vaughan

Harmoney's Neil Roberts on the impact of pleasing regulators, chairman Rob Campbell's departure, Australian plans & more

Two more ANZ NZ executives depart for ANZ group roles

ANZ NZ's heads of institutional banking and commercial & agri banking are promoted to group roles and succeeded from within

15th Feb 16, 3:48pm

by Gareth Vaughan

ANZ NZ's heads of institutional banking and commercial & agri banking are promoted to group roles and succeeded from within

NZ banks' $1.7 bln of CoCo-esque securities

We don't have securities named CoCos in NZ, but we do have bank securities on issue with the same features

12th Feb 16, 11:01am

by Gareth Vaughan

We don't have securities named CoCos in NZ, but we do have bank securities on issue with the same features

'There's nothing unexpected going on'

ASB, CBA CEOs Barbara Chapman & Ian Narev sanguine about turmoil in global financial markets; Narev suggests over reaction also a threat

11th Feb 16, 9:47am

by Gareth Vaughan

ASB, CBA CEOs Barbara Chapman & Ian Narev sanguine about turmoil in global financial markets; Narev suggests over reaction also a threat