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. Over recent years he has received awards in the EY Business Journalism Awards, Canon Media Awards, and Shareholders' Association Business Journalism Awards.

Member for

14 years 1 month

Latest articles

TSB interim profit down 35%

Half-year profit falls for TSB as revenue drops and loan impairments rise

29th Nov 23, 9:51am

by Gareth Vaughan

Half-year profit falls for TSB as revenue drops and loan impairments rise

Lending contracts at two of NZ's big four banks in the September quarter

Loan books decline in the September quarter at two of the country's major banks, while the others record growth

28th Nov 23, 9:26am

by Gareth Vaughan

Loan books decline in the September quarter at two of the country's major banks, while the others record growth

What happened Friday

A review of things you need to know before you sign off on Friday; 3-party govt detailed, retail sales soft, economy slowing on a per capital basis, Aussie banks push ahead of NZ banks in scam fight, auditors improving, NZD steady

24th Nov 23, 3:58pm

by Gareth Vaughan

Peters & Seymour to take turns as Deputy Prime Minister

[updated]

Coalition agreement sees National's proposed foreign house buyer tax gone, 14 National Cabinet Ministers out of 20

24th Nov 23, 11:12am

by Gareth Vaughan

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Coalition agreement sees National's proposed foreign house buyer tax gone, 14 National Cabinet Ministers out of 20

NZBA to update on banks' plans to combat scams and frauds in December

Banks' moves to introduce confirmation of payee service awaited as fintech Akahu moves ahead

24th Nov 23, 9:58am

by Gareth Vaughan

Banks' moves to introduce confirmation of payee service awaited as fintech Akahu moves ahead

Provisions steady across Australasia's big four banks

Loan arrears and loan impairments mostly on the rise across the big four Australasian banks

23rd Nov 23, 10:03am

by Gareth Vaughan

Loan arrears and loan impairments mostly on the rise across the big four Australasian banks

Cryptocurrency exchange Binance & its founder plead guilty to US charges, fined more than US$4b

Binance's 'willful failures allowed money to flow to terrorists, cybercriminals, and child abusers through its platform,' Janet Yellen says

22nd Nov 23, 10:39am

by Gareth Vaughan

Binance's 'willful failures allowed money to flow to terrorists, cybercriminals, and child abusers through its platform,' Janet Yellen says

Inflation blamed as costs rise faster for NZ bank subsidiaries than for their Aussie parents

'Limited appeal in the sector,' Macquarie equity analysis says of the big four Australasian banks

22nd Nov 23, 9:41am

by Gareth Vaughan

'Limited appeal in the sector,' Macquarie equity analysis says of the big four Australasian banks

Insurer IAG fires shot across incoming government's bow on the rising costs of extreme weather events

IAG says it has paid out more than $1 billion in insurance claims for the North Island floods & Cyclone Gabrielle

20th Nov 23, 10:49am

by Gareth Vaughan

IAG says it has paid out more than $1 billion in insurance claims for the North Island floods & Cyclone Gabrielle

Podcast: Westpac NZ's Kelly Eckhold on why the RBNZ's increased foreign currency intervention capacity makes sense

RBNZ's foreign currency intervention capacity likely to grow significantly, Westpac NZ's Kelly Eckhold says

19th Nov 23, 6:00am

by Gareth Vaughan

RBNZ's foreign currency intervention capacity likely to grow significantly, Westpac NZ's Kelly Eckhold says

Major banks 'working really hard' to be ready for open banking deadlines, Payments NZ CEO says

Payments NZ CEO Steve Wiggins says NZ not behind other countries on open banking due to banks' influence, seeks 'joined up view' from regulators

18th Nov 23, 9:21am

by Gareth Vaughan

Payments NZ CEO Steve Wiggins says NZ not behind other countries on open banking due to banks' influence, seeks 'joined up view' from regulators

NZ First's plan for a government guaranteed capital boost for NZ-owned banks

Could New Zealand First save the Conduct of Financial Institutions regime?

16th Nov 23, 12:13pm

by Gareth Vaughan

Could New Zealand First save the Conduct of Financial Institutions regime?

Banks warn insurance withdrawal could leave them with stark options

Protecting mortgagees' rights 'one of the critical elements of NZ’s financial system,' banks say of climate adaptation moves

15th Nov 23, 9:37am

by Gareth Vaughan

Protecting mortgagees' rights 'one of the critical elements of NZ’s financial system,' banks say of climate adaptation moves

Is ANZ NZ the most valuable banking franchise in Australasia?

ANZ NZ financial results 'balanced very fairly across our customers and our shareholders,' CEO Antonia Watson says

14th Nov 23, 1:59pm

by Gareth Vaughan

ANZ NZ financial results 'balanced very fairly across our customers and our shareholders,' CEO Antonia Watson says

RBNZ 'building towards a higher level of foreign reserves holdings now,' Assistant Governor Karen Silk says

[updated]

Assistant Governor Karen Silk says no clear answer to the question of what the right level of foreign currency reserves the RBNZ should hold is

14th Nov 23, 1:23pm

by Gareth Vaughan

Assistant Governor Karen Silk says no clear answer to the question of what the right level of foreign currency reserves the RBNZ should hold is

Six years, lots of work & hundreds of millions of dollars later, the big banks have met new RBNZ outsourcing requirements

After years of work involving thousands of staff & hundreds of millions of dollars, the big four banks say they've met the RBNZ's new outsourcing requirements

14th Nov 23, 5:00am

by Gareth Vaughan

After years of work involving thousands of staff & hundreds of millions of dollars, the big four banks say they've met the RBNZ's new outsourcing requirements

ANZ NZ annual profit slips slightly; ANZ Group cites 16% NZ return on equity

[updated]

ANZ NZ annual profit holds above $2b despite higher loan impairments, CEO expects more stress among businesses & mortgage holders

13th Nov 23, 10:16am

by Gareth Vaughan

ANZ NZ annual profit holds above $2b despite higher loan impairments, CEO expects more stress among businesses & mortgage holders

BNZ market share growth shows it's serving customers well, CEO says, which is what the Commerce Commission wants

CEO Dan Huggins says BNZ's home loan and deposit market share growth suggests its customers are happy, as annual profit & net interest margin surge

11th Nov 23, 9:15am

by Gareth Vaughan

CEO Dan Huggins says BNZ's home loan and deposit market share growth suggests its customers are happy, as annual profit & net interest margin surge

Record annual profit for BNZ as net interest margin widens

[updated]

BNZ annual profit tops $1.5 billion led by increase in net interest income

9th Nov 23, 10:33am

by Gareth Vaughan

BNZ annual profit tops $1.5 billion led by increase in net interest income

CEO says Westpac NZ investing in 'customer impacting' changes after getting on top of risk management & regulation issues

Westpac NZ CEO Catherine McGrath says changes to come will add value for customers

9th Nov 23, 9:30am

by Gareth Vaughan

Westpac NZ CEO Catherine McGrath says changes to come will add value for customers

Christina Hood on getting to net zero and what comes next

Christina Hood explains why New Zealand is one of the easiest countries in the world in which to get to net zero emissions of greenhouse gases

8th Nov 23, 2:30pm

by Gareth Vaughan

Christina Hood explains why New Zealand is one of the easiest countries in the world in which to get to net zero emissions of greenhouse gases

Rabobank 'committed to working with RBNZ' on policy changes for banks operating in NZ as branches of overseas banks

Rabobank says it remains committed to NZ & doesn't expect any significant changes to its services as RBNZ finalises new policy for banks operating in NZ as branches of overseas banks

8th Nov 23, 1:17pm

by Gareth Vaughan

Rabobank says it remains committed to NZ & doesn't expect any significant changes to its services as RBNZ finalises new policy for banks operating in NZ as branches of overseas banks

'Branches of overseas banks haven't had a material impact on deposit & lending competition for retail customers'

RBNZ sees 'minimal impact' on wider public from tougher rules on banks operating in NZ as branches of overseas banks, touts 'onshoring' effect

8th Nov 23, 11:07am

by Gareth Vaughan

RBNZ sees 'minimal impact' on wider public from tougher rules on banks operating in NZ as branches of overseas banks, touts 'onshoring' effect

A man dressed in blue walks up the steps to the Reserve Bank of New Zealand.

The RBNZ confirms major changes for NZ branches of overseas banks

[updated]

RBNZ to restrict banks operating in NZ as branches of overseas banks to wholesale business

7th Nov 23, 2:26pm

by Gareth Vaughan

RBNZ to restrict banks operating in NZ as branches of overseas banks to wholesale business

Wage inflation, Covid savings buffers, helping Westpac NZ customers cope with higher mortgage rates

Westpac NZ 'onshores' about 200 jobs from Australia as it meets new RBNZ outsourcing requirements, fights financial crime

7th Nov 23, 9:16am

by Gareth Vaughan

Westpac NZ 'onshores' about 200 jobs from Australia as it meets new RBNZ outsourcing requirements, fights financial crime