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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 5 months

Latest articles

Never a dull moment for the NZ$
HiFX's Dan Bell says European Central Bank may cut interest rates and get its printing press out again before the all important June 17 Greek election
25th May 12, 5:22pm
by Gareth Vaughan
2
HiFX's Dan Bell says European Central Bank may cut interest rates and get its printing press out again before the all important June 17 Greek election
What covered bonds mean for ma and pa
What anyone with a home loan and/or bank deposit needs to know about the bank bonds compared with drugs and prostitution
25th May 12, 4:45pm
by Gareth Vaughan
34
What anyone with a home loan and/or bank deposit needs to know about the bank bonds compared with drugs and prostitution
ASB March quarter profit up 21%
ASB posts 21% rise in unaudited March quarter profit to NZ$160 mln as impairments fall; Big drop in home loans with LVRs over 90%
25th May 12, 4:34pm
by Gareth Vaughan
ASB posts 21% rise in unaudited March quarter profit to NZ$160 mln as impairments fall; Big drop in home loans with LVRs over 90%
Retail bank sought for SOE floats
Treasury seeking retail bank to help with up to 250,000 applications from retail investors for shares in each SOE
25th May 12, 10:14am
by Gareth Vaughan
6
Treasury seeking retail bank to help with up to 250,000 applications from retail investors for shares in each SOE
BNZ's high LVR mortgages up again
BNZ grows residential mortgages with loan-to-valuation ratios above 80% in March quarter
24th May 12, 4:57pm
by Gareth Vaughan
BNZ grows residential mortgages with loan-to-valuation ratios above 80% in March quarter
ASB cuts 6, 18 mth mortgage rates
ASB cutting 6 and 18 month fixed-term mortgage rates with 6-month rate down to 5.25%
24th May 12, 4:31pm
by Gareth Vaughan
9
ASB cutting 6 and 18 month fixed-term mortgage rates with 6-month rate down to 5.25%
F&P Finance awaits key court ruling
Fisher and Paykel Finance posts drop in annual operating earnings after expensive court case
24th May 12, 9:46am
by Gareth Vaughan
Fisher and Paykel Finance posts drop in annual operating earnings after expensive court case
Door open for covered bonds from non-banks
Govt Bill allows banks to use assets other than residential mortgages for covered bond security and entities other than registered banks to issue covered bonds
23rd May 12, 4:53pm
by Gareth Vaughan
22
Govt Bill allows banks to use assets other than residential mortgages for covered bond security and entities other than registered banks to issue covered bonds
Big new property syndicator born
Property syndicators KCL Group and Commercial Investment Properties combine to form entity with about NZ$800 mln of assets
23rd May 12, 2:23pm
by Gareth Vaughan
Property syndicators KCL Group and Commercial Investment Properties combine to form entity with about NZ$800 mln of assets
HSBC, Co-op Bank latest to cut
HSBC and the Co-operative Bank both cut some advertised fixed-term mortgage rates and some term deposit rates
22nd May 12, 5:45pm
by Gareth Vaughan
HSBC and the Co-operative Bank both cut some advertised fixed-term mortgage rates and some term deposit rates
Basel III moral hazards highlighted
Fitch sees potential for worse deals for customers, riskier activities and regulatory arbitrage from 'too big to fail banks' needing US$566b to meet Basel III rules
22nd May 12, 4:31pm
by Gareth Vaughan
Fitch sees potential for worse deals for customers, riskier activities and regulatory arbitrage from 'too big to fail banks' needing US$566b to meet Basel III rules
Rabobank's NZ$19.6m quarterly profit
Rural lender Rabobank records 48% rise in March quarter profit despite increase in impairments on loans
22nd May 12, 4:26pm
by Gareth Vaughan
1
Rural lender Rabobank records 48% rise in March quarter profit despite increase in impairments on loans
SBS Bank introduces 4.99% mortgage
SBS Bank introduces 4.99% 6-month 'special' home loan rate, cuts 2-year mortgage rate and 18-month term deposit rates too
22nd May 12, 9:06am
by Gareth Vaughan
SBS Bank introduces 4.99% 6-month 'special' home loan rate, cuts 2-year mortgage rate and 18-month term deposit rates too
The raid that shocked a Cabinet Minister
Commerce Minister Craig Foss says the regulatory systems in Japan and Britain ultimately worked by catching out the firm he worked for
21st May 12, 4:22pm
by Gareth Vaughan
3
Commerce Minister Craig Foss says the regulatory systems in Japan and Britain ultimately worked by catching out the firm he worked for
BNZ to call $350m of bonds in June
BNZ to repay NZ$350 mln of callable bonds on June 15, mulls new bond issue and offers holders 20bp increase on term deposits
21st May 12, 12:23pm
by Gareth Vaughan
1
BNZ to repay NZ$350 mln of callable bonds on June 15, mulls new bond issue and offers holders 20bp increase on term deposits
Term deposit rates head south
Sister banks ANZ and National, plus Kiwibank, launch another round of term deposit rate cuts
21st May 12, 11:16am
by Gareth Vaughan
1
Sister banks ANZ and National, plus Kiwibank, launch another round of term deposit rate cuts
'Sovereign indebtedness isn't being solved'
Formal Greek debt default and euro exit would have 'material' impact, boss of ASB's parent Ian Narev says, although 'forward planning' would cushion this
18th May 12, 4:06pm
by Gareth Vaughan
2
Formal Greek debt default and euro exit would have 'material' impact, boss of ASB's parent Ian Narev says, although 'forward planning' would cushion this
Strong mortgage approval run continues
More than NZ$1 bln worth of mortgages approved last week for 12th week out of last 13; Strongest run since 2007
17th May 12, 4:31pm
by Gareth Vaughan
28
More than NZ$1 bln worth of mortgages approved last week for 12th week out of last 13; Strongest run since 2007
Mortgage rate price war intensifies
Kiwibank cuts 1 to 5 year fixed-term mortgage rates by up to 40 basis points, continues with 4.99% 1-year 'special'
17th May 12, 11:52am
by Gareth Vaughan
16
Kiwibank cuts 1 to 5 year fixed-term mortgage rates by up to 40 basis points, continues with 4.99% 1-year 'special'
ASB margins 'steady in competitive environment'
ASB's parent Commonwealth Bank of Australia says NZ unit maintained strong operating income in March quarter
17th May 12, 11:39am
by Gareth Vaughan
ASB's parent Commonwealth Bank of Australia says NZ unit maintained strong operating income in March quarter
The bank with the most profitable staff
BNZ the NZ bank with the highest annual profit per employee at about NZ$155,284, followed by ASB, ANZ and Westpac
16th May 12, 5:01pm
by Gareth Vaughan
2
BNZ the NZ bank with the highest annual profit per employee at about NZ$155,284, followed by ASB, ANZ and Westpac
ANZ ramps up Chinese investment
The ANZ Group almost doubles investment in its Chinese subsidiary to about A$695 mln (about NZ$899 mln)
16th May 12, 11:55am
by Gareth Vaughan
4
The ANZ Group almost doubles investment in its Chinese subsidiary to about A$695 mln (about NZ$899 mln)
When a co-operative isn't a co-operative
Advertising watchdog tells Co-operative Bank that calling itself NZ's first and only co-operatively owned bank is narrow and technical when mutually owned SBS Bank exists
15th May 12, 5:20pm
by Gareth Vaughan
Advertising watchdog tells Co-operative Bank that calling itself NZ's first and only co-operatively owned bank is narrow and technical when mutually owned SBS Bank exists
Co-op Bank cuts mortgage rates
The Co-operative Bank joins fixed-term mortgage rate cutting party with cuts to 6 month and 1-4 year rates
15th May 12, 4:45pm
by Gareth Vaughan
6
The Co-operative Bank joins fixed-term mortgage rate cutting party with cuts to 6 month and 1-4 year rates
asb
Simplified bank switching's slow uptake
New ease of bank switching flies under many customers' radars despite Kiwibank and ASB's promotion of it
15th May 12, 12:12pm
by Gareth Vaughan
New ease of bank switching flies under many customers' radars despite Kiwibank and ASB's promotion of it