sign up log in
Want to go ad-free? Find out how, here.

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 10 months

Latest articles

Labour Party policy for the regulation of retail payment fees expected
Labour Party reportedly set to unveil policy to regulate retail payment fees on Tuesday in move designed to reduce fees small businesses pay their banks
8th Sep 20, 10:18am
by Gareth Vaughan
8
Labour Party reportedly set to unveil policy to regulate retail payment fees on Tuesday in move designed to reduce fees small businesses pay their banks
Lucrative Westpac Banking Corporation wealth sale touted
Analysts run the numbers on potential sale by Westpac Banking Corporation of wealth and insurance businesses
8th Sep 20, 9:25am
by Gareth Vaughan
2
Analysts run the numbers on potential sale by Westpac Banking Corporation of wealth and insurance businesses
Consumer loan arrears have fallen this year but what will happen when the shields are removed?
Figures from credit bureau Equifax show consumer loan arrears down significantly this year. But what will happen when COVID-19 related support ends?
7th Sep 20, 4:04pm
by Gareth Vaughan
2
Figures from credit bureau Equifax show consumer loan arrears down significantly this year. But what will happen when COVID-19 related support ends?
What might COVID-19 loan deferrals ultimately mean for banks' non-performing loans?
As of July 31 a total of $73.7 billion of bank loans were receiving some form of COVID-19 related relief. Gareth Vaughan speculates on what might happen to banks' non-performing loan ratios when the deferral scheme eventually ends
6th Sep 20, 6:02am
by Gareth Vaughan
58
As of July 31 a total of $73.7 billion of bank loans were receiving some form of COVID-19 related relief. Gareth Vaughan speculates on what might happen to banks' non-performing loan ratios when the deferral scheme eventually ends
Top 5 COVID-19 Alert Level 2 special: Central banker admits mistakes, the US electoral tinderbox & more
Gareth Vaughan on natural rate of unemployment dogma, justifying equity bull markets, Melbourne battles on, from tourism to nappies, and the US electoral tinderbox
4th Sep 20, 12:33pm
by Gareth Vaughan
7
Gareth Vaughan on natural rate of unemployment dogma, justifying equity bull markets, Melbourne battles on, from tourism to nappies, and the US electoral tinderbox
Is capitalism as we know it dead, and if so, what might replace it?
Author and Macquarie strategist Viktor Shvets on the impact of the Information Age and financialization, and how they are creating a different, new world
3rd Sep 20, 11:19am
by Gareth Vaughan
39
Author and Macquarie strategist Viktor Shvets on the impact of the Information Age and financialization, and how they are creating a different, new world
CEO Steve Jurkovich says Kiwibank's ready for negative interest rates
Kiwibank CEO Steve Jurkovich says the bank has been preparing for the likelihood of a negative OCR by looking closely at what it's likely to mean for product management and customer behaviour
2nd Sep 20, 9:30am
by Gareth Vaughan
13
Kiwibank CEO Steve Jurkovich says the bank has been preparing for the likelihood of a negative OCR by looking closely at what it's likely to mean for product management and customer behaviour
Kiwibank annual profit falls 48%
Kiwibank June year profit hit as COVID-19 related loan impairments ramp up, expenses rise and income falls
1st Sep 20, 9:54am
by Gareth Vaughan
19
Kiwibank June year profit hit as COVID-19 related loan impairments ramp up, expenses rise and income falls
Fancy a 49% net interest margin?
UBS analysts cook up a hypothetical net interest margin for buy now pay later juggernaut Afterpay on the back of its annual financial results
1st Sep 20, 9:17am
by Gareth Vaughan
3
UBS analysts cook up a hypothetical net interest margin for buy now pay later juggernaut Afterpay on the back of its annual financial results
Xero's latest Small Business Insights showed promising signs - in July
Monthly Xero Small Business Insights data series showed promising signs for revenue and employment overall in July, before Auckland's August Level 3 lockdown
31st Aug 20, 5:00am
by Gareth Vaughan
4
Monthly Xero Small Business Insights data series showed promising signs for revenue and employment overall in July, before Auckland's August Level 3 lockdown
Sunday Covid update: Two new community cases, one in Tokoroa
Covid update: Ministry of Health reports two new Covid-19 cases in the community
30th Aug 20, 1:10pm
by Gareth Vaughan
69
Covid update: Ministry of Health reports two new Covid-19 cases in the community
Oxipay's parent Flexigroup NZ pledges to 'shake-up' buy now pay later sector
Flexigroup NZ says it will 'shake-up NZ’s buy now pay later sector with some major changes' in September; Harmoney posts loss but says it's in a 'strong financial position'
28th Aug 20, 2:44pm
by Gareth Vaughan
Flexigroup NZ says it will 'shake-up NZ’s buy now pay later sector with some major changes' in September; Harmoney posts loss but says it's in a 'strong financial position'
Poll shows strong majority support COVID-19 elimination strategy
Horizon Research says poll shows strong majority of public backs government's strategy of eliminating community transmission of COVID-19, and believes doing this will be better for the economy in the long-term
28th Aug 20, 11:21am
by Gareth Vaughan
66
Horizon Research says poll shows strong majority of public backs government's strategy of eliminating community transmission of COVID-19, and believes doing this will be better for the economy in the long-term
Treasury declines to detail government exposure to international benchmark interest rate reform
Treasury and New Zealand Debt Management won't provide detail of exposure to reform of discredited LIBOR, but say they are working to transition away from LIBOR
27th Aug 20, 9:21pm
by Gareth Vaughan
3
Treasury and New Zealand Debt Management won't provide detail of exposure to reform of discredited LIBOR, but say they are working to transition away from LIBOR
Big five banks feel the icy blast of COVID-19
New Zealand's big five banks felt the icy blast of COVID-19 during the June quarter, with profits and net interest margins down, and cost-to-income ratios and non-performing loans up
26th Aug 20, 9:49am
by Gareth Vaughan
New Zealand's big five banks felt the icy blast of COVID-19 during the June quarter, with profits and net interest margins down, and cost-to-income ratios and non-performing loans up
End of an era as ANZ moves to wind up Bonus Bonds Scheme
Bonus Bonds Scheme to be wound up by ANZ, with the bank blaming low interest rates reducing the investment returns of the scheme, and thus hitting the size of the prize pool
26th Aug 20, 9:00am
by Gareth Vaughan
52
Bonus Bonds Scheme to be wound up by ANZ, with the bank blaming low interest rates reducing the investment returns of the scheme, and thus hitting the size of the prize pool
NZ financial services entities, with billions worth of transactions impacted, prepare for life beyond LIBOR
New Zealand's financial services sector readies for the replacement of the discredited LIBOR benchmark interest rate system as the clock ticks
25th Aug 20, 6:10pm
by Gareth Vaughan
New Zealand's financial services sector readies for the replacement of the discredited LIBOR benchmark interest rate system as the clock ticks
Negative OCR 101 with Kiwibank chief economist Jarrod Kerr
Kiwibank chief economist Jarrod Kerr walks through the concept of a negative OCR, what it will mean for borrowers, savers, lenders, the government and the NZ$, and where we might go from there
25th Aug 20, 2:48pm
by Gareth Vaughan
88
Kiwibank chief economist Jarrod Kerr walks through the concept of a negative OCR, what it will mean for borrowers, savers, lenders, the government and the NZ$, and where we might go from there
More debate called for on RBNZ quantitative easing program
Wigram Capital Advisors' Rodney Jones on cutting the OCR below 25 basis points, the economic gains from eliminating COVID-19, and winning ugly against the virus like the 2011 All Blacks
24th Aug 20, 10:03am
by Gareth Vaughan
25
Wigram Capital Advisors' Rodney Jones on cutting the OCR below 25 basis points, the economic gains from eliminating COVID-19, and winning ugly against the virus like the 2011 All Blacks
Big four banks 'one-third of the way through the loan loss cycle'
Morgan Stanley banking analysts wade through the June quarter loan impairment, credit quality and loan provisioning detail from Australasia's big four banks
24th Aug 20, 8:00am
by Gareth Vaughan
3
Morgan Stanley banking analysts wade through the June quarter loan impairment, credit quality and loan provisioning detail from Australasia's big four banks
Sunday Covid update: Just one new Auckland community case
Covid update: Ministry of Health reports three new cases. One in Auckland community, two imported cases in managed isolation. Three people in Middlemore Hospital in ICU
23rd Aug 20, 1:15pm
by Gareth Vaughan
37
Covid update: Ministry of Health reports three new cases. One in Auckland community, two imported cases in managed isolation. Three people in Middlemore Hospital in ICU
Crown Settlement Account at the RBNZ at unprecedented highs
The Crown Settlement Account at the Reserve Bank, where the Government deposits surplus funds, reaches new highs as the COVID-19 crisis rages
21st Aug 20, 9:51am
by Gareth Vaughan
11
The Crown Settlement Account at the Reserve Bank, where the Government deposits surplus funds, reaches new highs as the COVID-19 crisis rages
Top 5+1 COVID-19 special: QE & bank lending, repricing everything, degrowth, school-less kids & more
Gareth Vaughan on the lack of a positive impact from QE on bank lending, everything is going to be repriced, stealing from our kids, the degrowth movement, reported COVID-19 deaths & excess deaths
20th Aug 20, 9:04am
by Gareth Vaughan
45
Gareth Vaughan on the lack of a positive impact from QE on bank lending, everything is going to be repriced, stealing from our kids, the degrowth movement, reported COVID-19 deaths & excess deaths
ANZ NZ reports big rise in loan impairments against COVID-19 backdrop
ANZ NZ records credit impairment charge of $312 million for first nine months of current financial year, more than treble the sum recorded for its full financial year in 2019
19th Aug 20, 2:31pm
by Gareth Vaughan
28
ANZ NZ records credit impairment charge of $312 million for first nine months of current financial year, more than treble the sum recorded for its full financial year in 2019
Weaker credit bounceback predicted after new lockdown compared to strong May bounceback
Boss of credit bureau Centrix surprised by volume of borrowers in arrears not seeking a mortgage deferral, says credit demand fell across country when Auckland moved into new lockdown
19th Aug 20, 10:45am
by Gareth Vaughan
20
Boss of credit bureau Centrix surprised by volume of borrowers in arrears not seeking a mortgage deferral, says credit demand fell across country when Auckland moved into new lockdown