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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 8 months

Latest articles

Top 5 COVID-19 Alert Level 1 special: A $10t rescue, COVID-19 long-haulers, a reset for capitalism & more
Gareth Vaughan on the US$10 trillion rescue, buying shares in bankrupt companies, COVID-19 long-haulers, a reset for capitalism & a South Pacific tourism bubble
10th Jun 20, 10:00am
by Gareth Vaughan
24
Gareth Vaughan on the US$10 trillion rescue, buying shares in bankrupt companies, COVID-19 long-haulers, a reset for capitalism & a South Pacific tourism bubble
Aggressive rates help propel Bank of China NZ home lending growth
Bank of China New Zealand grows residential mortgage lending 14.4% in March year
8th Jun 20, 9:54am
by Gareth Vaughan
1
Bank of China New Zealand grows residential mortgage lending 14.4% in March year
'Mortgage deferrals increase future risks to both borrowers and banks'
Bank for International Settlements paper points out the financial stability implications of mortgage deferrals will be driven by the extent to which borrowers are willing & able to repay once 'holidays' end
6th Jun 20, 10:02am
by Gareth Vaughan
12
Bank for International Settlements paper points out the financial stability implications of mortgage deferrals will be driven by the extent to which borrowers are willing & able to repay once 'holidays' end
FMA takes ANZ NZ to court alleging bank sold a product that offered no benefit to some customers
ANZ NZ 'very sorry' as FMA takes it to court for allegedly charging some customers for credit card repayment insurance policies that offered those customers no cover
5th Jun 20, 9:56am
by Gareth Vaughan
9
ANZ NZ 'very sorry' as FMA takes it to court for allegedly charging some customers for credit card repayment insurance policies that offered those customers no cover
Top 5 COVID-19 Alert Level 2 special: More banks needed? NZ stacking up well, living in a burning building & more
Gareth Vaughan on a need for more banks, living in a burning building, New Zealand stacking up well, the collision of science and politics, the Psychopath in Chief & a song for Dominic Cummings
4th Jun 20, 10:02am
by Gareth Vaughan
20
Gareth Vaughan on a need for more banks, living in a burning building, New Zealand stacking up well, the collision of science and politics, the Psychopath in Chief & a song for Dominic Cummings
Could the COVID-19 crisis usher in a major round of bank branch culling?
Banks' 'social licence' to operate is likely to curtail the mass cull of branches for now, but lessons learnt during the COVID-19 crisis means this can't be ruled out longer term
3rd Jun 20, 10:15am
by Gareth Vaughan
Banks' 'social licence' to operate is likely to curtail the mass cull of branches for now, but lessons learnt during the COVID-19 crisis means this can't be ruled out longer term
ANZ agrees to sell UDC Finance to Japan's Shinsei Bank for NZ$762 million
ANZ announces sale of asset financier UDC to Japan's Shinsei Bank, which says UDC will continue to grow and contribute to the development of the NZ economy
2nd Jun 20, 12:09pm
by Gareth Vaughan
4
ANZ announces sale of asset financier UDC to Japan's Shinsei Bank, which says UDC will continue to grow and contribute to the development of the NZ economy
COVID-19 hit New Zealand banks hard in March quarter
Reserve Bank data shows just how significant the initial impact of the COVID-19 crisis has been on New Zealand banks, with smaller NZ owned banks hit hardest
2nd Jun 20, 9:53am
by Gareth Vaughan
2
Reserve Bank data shows just how significant the initial impact of the COVID-19 crisis has been on New Zealand banks, with smaller NZ owned banks hit hardest
Morgan Stanley takes a stab at potential losses for the big 4 banks from home loan deferrals
Morgan Stanley analysts crunches some numbers to estimate where loan losses from mortgage deferrals might end up for the big four banks
29th May 20, 2:30pm
by Gareth Vaughan
Morgan Stanley analysts crunches some numbers to estimate where loan losses from mortgage deferrals might end up for the big four banks
TSB launches 'virtual bank' to meet the new normal
TSB launches a virtual bank, saying the COVID-19 crisis has proven customers can still get personal, human service, but more conveniently via a video call
29th May 20, 2:20pm
by Gareth Vaughan
TSB launches a virtual bank, saying the COVID-19 crisis has proven customers can still get personal, human service, but more conveniently via a video call
Top 5 COVID-19 Alert Level 2 special: Govt Response Stringency Index, right place at the right time, turning Japanese & more
Gareth Vaughan on the Government Response Stringency Index, being in the right business when disaster strikes, Singapore's dark side, NZ made products & turning Japanese
29th May 20, 1:42pm
by Gareth Vaughan
11
Gareth Vaughan on the Government Response Stringency Index, being in the right business when disaster strikes, Singapore's dark side, NZ made products & turning Japanese
RBNZ's Bascand says bank depositors might be able to both get a higher return & support the economy by using their money elsewhere
RBNZ Deputy Governor Geoff Bascand says deposit rates could drop to zero and some savers might want to put their money to work elsewhere
28th May 20, 12:02pm
by Gareth Vaughan
125
RBNZ Deputy Governor Geoff Bascand says deposit rates could drop to zero and some savers might want to put their money to work elsewhere
Job numbers dropped sharply during April 
Statistics New Zealand says job numbers fell by 37,500 in April, the biggest volume and percentage fall since its 'filled jobs series' began in 1999
28th May 20, 11:50am
by Gareth Vaughan
14
Statistics New Zealand says job numbers fell by 37,500 in April, the biggest volume and percentage fall since its 'filled jobs series' began in 1999
FT reports HSBC NZ could be sold or closed, HSBC NZ spokesman says Asia to remain a core engine for the bank
HSBC could quit small, non-strategic countries including New Zealand, the Financial Times suggests. HSBC NZ says business constantly reviewed but Asia will continue to be a core engine for business growth
28th May 20, 9:51am
by Gareth Vaughan
8
HSBC could quit small, non-strategic countries including New Zealand, the Financial Times suggests. HSBC NZ says business constantly reviewed but Asia will continue to be a core engine for business growth
Bank capital increases, shelved for now, remain on RBNZ's agenda, Orr says
RBNZ Governor Adrian Orr says bank regulatory capital increases on ice during COVID-19 crisis remain very much in the regulator's plans
28th May 20, 5:00am
by Gareth Vaughan
5
RBNZ Governor Adrian Orr says bank regulatory capital increases on ice during COVID-19 crisis remain very much in the regulator's plans
Evaluation of NZ's anti-money laundering fight delayed by COVID-19
Outcome of international assessment of NZ's efforts to combat money laundering and terrorism financing delayed until 2021 thanks to COVID-19 pandemic
27th May 20, 9:24am
by Gareth Vaughan
Outcome of international assessment of NZ's efforts to combat money laundering and terrorism financing delayed until 2021 thanks to COVID-19 pandemic
IRD administered SME loan scheme nears $1 billion of loan applications
Revenue and Small Business Minister Stuart Nash seeking advice on extending the one month timeframe for loan applications to the Small Business Cashflow Loan Scheme
27th May 20, 5:00am
by Gareth Vaughan
7
Revenue and Small Business Minister Stuart Nash seeking advice on extending the one month timeframe for loan applications to the Small Business Cashflow Loan Scheme
BNZ & Westpac disclosures provide contrasting takes on risks in a COVID-19 world
BNZ's auditor warns of the uncertainties of COVID-19's impact, while Westpac NZ flags highly impacted customers as those in industries exposed to social distancing, travel, and supply chain disruption
26th May 20, 9:23am
by Gareth Vaughan
BNZ's auditor warns of the uncertainties of COVID-19's impact, while Westpac NZ flags highly impacted customers as those in industries exposed to social distancing, travel, and supply chain disruption
PM says trans-tasman bubble waiting for Aussie states to reopen to each other first
Prime Minister Jacinda Ardern says trans-tasman bubble needs to wait for Australia's states to reopen their borders to each other first
25th May 20, 11:01am
by Gareth Vaughan
35
Prime Minister Jacinda Ardern says trans-tasman bubble needs to wait for Australia's states to reopen their borders to each other first
Pandemic to 'accelerate nascent trend toward stakeholder rather than rentier capitalism'
COVID-19 crisis is increasing attention on corporate social behavior, away from shareholder primacy to greater emphasis on the needs of employees, clients, society and the environment, Moody's says
24th May 20, 7:31am
by Gareth Vaughan
47
COVID-19 crisis is increasing attention on corporate social behavior, away from shareholder primacy to greater emphasis on the needs of employees, clients, society and the environment, Moody's says
Kiwibank cuts fixed home loan rates, takes 1-year rate to new low
Kiwibank reduces one to five year fixed-term mortgage rates for borrowers with at least 20% equity, taking its one-year rate to a new record low
22nd May 20, 3:17pm
by Gareth Vaughan
41
Kiwibank reduces one to five year fixed-term mortgage rates for borrowers with at least 20% equity, taking its one-year rate to a new record low
More than $824 mln lent through IRD administered loan scheme to date
The Government's IRD administered Small Business Cashflow Loan Scheme has lent more than $824 mln to more than 47,000 SMEs so far
22nd May 20, 1:40pm
by Gareth Vaughan
4
The Government's IRD administered Small Business Cashflow Loan Scheme has lent more than $824 mln to more than 47,000 SMEs so far
Top 5 COVID-19 Alert Level 2 special: Social distancing in bars, China's unemployment, a pandemic living manual & more
Gareth Vaughan on social distancing & temperature testing in pubs, the potential for no Chinese growth target, a manual for living during a pandemic, fossil fuel subsidies for the poor, SUVs stuck on ships
22nd May 20, 10:00am
by Gareth Vaughan
10
Gareth Vaughan on social distancing & temperature testing in pubs, the potential for no Chinese growth target, a manual for living during a pandemic, fossil fuel subsidies for the poor, SUVs stuck on ships
Opportunity to use Budget's $20b of unallocated funds for 'large transformative projects'
Climate Change Commissioner Rod Carr wants climate change investment added as a chapter heading in next year's Budget
20th May 20, 2:52pm
by Gareth Vaughan
17
Climate Change Commissioner Rod Carr wants climate change investment added as a chapter heading in next year's Budget
Banks' operating model 'not optimal for New Zealand right now'
Manaaki co-founder Andy Hamilton highlights areas where SMEs could use assistance during the COVID-19 crisis and beyond
20th May 20, 10:30am
by Gareth Vaughan
25
Manaaki co-founder Andy Hamilton highlights areas where SMEs could use assistance during the COVID-19 crisis and beyond