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 1 month

Latest articles

Let down by the system

Gareth Vaughan argues borrowers who bought their first home in 2020-21 face being let down by the system

13th May 23, 10:01am

by Gareth Vaughan

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Gareth Vaughan argues borrowers who bought their first home in 2020-21 face being let down by the system

Rohan Grey on how minting a platinum coin could solve the US debt ceiling crisis

As another round of political brinkmanship plays out over the US debt ceiling, Rohan Grey explains the background, and details a silly sounding but constitutional solution

13th May 23, 9:00am

by Gareth Vaughan

As another round of political brinkmanship plays out over the US debt ceiling, Rohan Grey explains the background, and details a silly sounding but constitutional solution

Australian retail banking market more competitive than New Zealand's, ANZ Group boss says

ANZ Banking Group CEO Shayne Elliott says Australia's mortgage and deposit markets more competitive than NZ in rising interest rate environment

9th May 23, 5:57pm

by Gareth Vaughan

ANZ Banking Group CEO Shayne Elliott says Australia's mortgage and deposit markets more competitive than NZ in rising interest rate environment

Westpac NZ 'keeping a close eye on' home buyers who bought at house price peaks & whose loans were stress tested at 6%

Westpac NZ CEO Catherine McGrath tells home buyers who bought for the long-term at house price peaks to hang in there

9th May 23, 11:16am

by Gareth Vaughan

Westpac NZ CEO Catherine McGrath tells home buyers who bought for the long-term at house price peaks to hang in there

What ANZ NZ CEO Antonia Watson doesn't want to talk about

ANZ NZ boss runs through a range of options for struggling home loan borrowers before the 'last resort' of a mortgagee sale

8th May 23, 1:49pm

by Gareth Vaughan

ANZ NZ boss runs through a range of options for struggling home loan borrowers before the 'last resort' of a mortgagee sale

Westpac NZ interim profit falls 33%, bank takes $154m loan impairment charge

[updated]

Half-year profit drops for Westpac NZ as bank warns of worsening economic outlook

8th May 23, 10:15am

by Gareth Vaughan

Half-year profit drops for Westpac NZ as bank warns of worsening economic outlook

Paul Tucker on how quantitative easing has impacted the public finances

Ex-Bank of England Deputy Governor Paul Tucker on how quantitative easing has exposed government finances to rising interest rates

7th May 23, 4:20pm

by Gareth Vaughan

Ex-Bank of England Deputy Governor Paul Tucker on how quantitative easing has exposed government finances to rising interest rates

ANZ NZ interim profit falls, yes falls, 9% as credit impairment charges rise

[updated]

ANZ NZ's half-year profit falls despite strong rise in income, led by net interest income, and lower expenses

5th May 23, 10:05am

by Gareth Vaughan

ANZ NZ's half-year profit falls despite strong rise in income, led by net interest income, and lower expenses

Moving to higher home loan rates 'manageable for customers at the moment,' BNZ CEO says

BNZ CEO Dan Huggins says vast majority of customers coping with higher mortgage rates so far, Commerce Commission market study not necessary

5th May 23, 9:16am

by Gareth Vaughan

BNZ CEO Dan Huggins says vast majority of customers coping with higher mortgage rates so far, Commerce Commission market study not necessary

BNZ interim profit up 14% as net interest income & margin surge

[updated]

BNZ half-year profit tops $800 million as net interest margin jumps, with CEO saying bank well placed to support customers finding things tough

4th May 23, 10:18am

by Gareth Vaughan

BNZ half-year profit tops $800 million as net interest margin jumps, with CEO saying bank well placed to support customers finding things tough

RBA resumes rate increases, lifting its cash rate 25 basis points

Reserve Bank of Australia hikes its cash rate after last month's pause, saying inflation is still too high

2nd May 23, 4:41pm

by Gareth Vaughan

Reserve Bank of Australia hikes its cash rate after last month's pause, saying inflation is still too high

FMA asks bank bosses to reaffirm they've removed sales incentives

FMA's Clare Bolingford says regulator has heard some banks may have reintroduced sales targets, wants confirmation they haven't

2nd May 23, 11:34am

by Gareth Vaughan

FMA's Clare Bolingford says regulator has heard some banks may have reintroduced sales targets, wants confirmation they haven't

Record current account deficit 'a shock, but not something people will lose a lot of sleep over'

Martin Whetton on how overseas investors view New Zealand government debt

29th Apr 23, 3:35pm

by Gareth Vaughan

Martin Whetton on how overseas investors view New Zealand government debt

What happened Friday: Consumer confidence still low, housing lending growth rate slows & more

A review of things you need to know before you sign off on Friday; Consumer confidence 'extremely low', housing debt rises, 'woody debris' inquiry deadline extended, Jerome Powell pranked

28th Apr 23, 3:58pm

by Gareth Vaughan

A review of things you need to know before you sign off on Friday; Consumer confidence 'extremely low', housing debt rises, 'woody debris' inquiry deadline extended, Jerome Powell pranked

How do you tackle profit-led inflation that's 'driven by spin, not substance?'

UBS Chief Economist suggests social media could help combat profit margin-led inflation

27th Apr 23, 5:00am

by Gareth Vaughan

UBS Chief Economist suggests social media could help combat profit margin-led inflation

KiwiSaver providers, NZ Super Fund & ACC touted as potential BGF investors alongside banks & the Govt

The Icehouse calls for the Government's proposed Business Growth Fund to seek SME equity investment from beyond just banks

26th Apr 23, 7:04am

by Gareth Vaughan

The Icehouse calls for the Government's proposed Business Growth Fund to seek SME equity investment from beyond just banks

Many borrowers are ahead on their loan repayments, but the toughest times are probably yet to bite

Banks say many of their borrowers are ahead of schedule on home loan repayments but tougher times are ahead

25th Apr 23, 9:00am

by Gareth Vaughan

Banks say many of their borrowers are ahead of schedule on home loan repayments but tougher times are ahead

Banks mull 'market gap validation study' for proposed Business Growth Fund

Slow progress continues on government's plans for a Business Growth Fund partnership with banks to invest in SMEs

24th Apr 23, 9:33am

by Gareth Vaughan

Slow progress continues on government's plans for a Business Growth Fund partnership with banks to invest in SMEs

Tim Hazledine on potential new tools to help with the inflation fight

Auckland University's Tim Hazledine offers a range of suggestions to help the Reserve Bank fight inflation

22nd Apr 23, 9:30am

by Gareth Vaughan

Auckland University's Tim Hazledine offers a range of suggestions to help the Reserve Bank fight inflation

Banks' net interest margins rose in December quarter but profit was flat

KPMG suggests ongoing record bank profits could be a thing of the past, at least for now

20th Apr 23, 8:42am

by Gareth Vaughan

KPMG suggests ongoing record bank profits could be a thing of the past, at least for now

Smaller banks outperform big banks in customer satisfaction, Consumer NZ says

Co-operative Bank, TSB top, Westpac bottom in Consumer NZ satisfaction survey

19th Apr 23, 9:43am

by Gareth Vaughan

Co-operative Bank, TSB top, Westpac bottom in Consumer NZ satisfaction survey

New Zealand Debt Management's Kim Martin on how the Government borrows and repays debt

The Government's debt management unit isn't seeing increased interest in its inflation-indexed bonds despite high inflation

19th Apr 23, 7:45am

by Gareth Vaughan

The Government's debt management unit isn't seeing increased interest in its inflation-indexed bonds despite high inflation

Should the Government 'force banks to provide it with interest-free loans' to recoup some RBNZ QE losses?

Could, or should, the RBNZ cut the interest rate it pays on banks' settlement cash accounts in order to reduce the Government's interest bill?

15th Apr 23, 9:20am

by Gareth Vaughan

Could, or should, the RBNZ cut the interest rate it pays on banks' settlement cash accounts in order to reduce the Government's interest bill?

Sixteen recommendations for financial institutions & regulators to counter cyber-attacks

Financial Stability Board sets out a game plan to tackle the increasing frequency and sophistication of cyber-attacks

14th Apr 23, 8:17am

by Gareth Vaughan

Financial Stability Board sets out a game plan to tackle the increasing frequency and sophistication of cyber-attacks

Big banks stress testing wannabe mortgage borrowers at 8.5% and higher

Big banks' mortgage serviceability test rates now start at 8.5% and rise above 9%

8th Apr 23, 9:15am

by Gareth Vaughan

Big banks' mortgage serviceability test rates now start at 8.5% and rise above 9%