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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

Heartland seen generating 14% return on equity from home loans
Big market opportunity seen for Heartland Group Holdings' push into the residential mortgage market
9th Mar 20, 9:27am
by Gareth Vaughan
2
Big market opportunity seen for Heartland Group Holdings' push into the residential mortgage market
December quarter profit dropped for all of NZ's big five banks
Four key profit measures all weakened for New Zealand's big five banks in the December quarter
6th Mar 20, 9:39am
by Gareth Vaughan
3
Four key profit measures all weakened for New Zealand's big five banks in the December quarter
Fonterra chairman John Monaghan to retire in November
John Monaghan to retire from role as Fonterra chairman at November annual meeting after 11 years on the board, 'chair-elect' to be named no later than August
5th Mar 20, 9:35am
by Gareth Vaughan
6
John Monaghan to retire from role as Fonterra chairman at November annual meeting after 11 years on the board, 'chair-elect' to be named no later than August
Heartland launches online home loan trial with low interest rates
Heartland launches online home loan offers with aggressive one to three year fixed rates and a floating rate as it tests appetite for digital mortgages
5th Mar 20, 7:35am
by Gareth Vaughan
31
Heartland launches online home loan offers with aggressive one to three year fixed rates and a floating rate as it tests appetite for digital mortgages
RBNZ hints at no OCR move before scheduled March 25 review
RBNZ 'prepared to ensure well-functioning financial system including access to credit, cash & liquidity in the banking system.' BNZ's Toplis says Fed cut 'unjustified', RBNZ could be 'voice of reason in panic-driven world'
4th Mar 20, 11:55am
by Gareth Vaughan
64
RBNZ 'prepared to ensure well-functioning financial system including access to credit, cash & liquidity in the banking system.' BNZ's Toplis says Fed cut 'unjustified', RBNZ could be 'voice of reason in panic-driven world'
Economic downturn caused by coronavirus could hit big banks hard
Aussie parents of NZ's big four banks facing hits to everything from net interest margins to loan impairments as a result of economic downturn stemming from coronavirus
4th Mar 20, 9:29am
by Gareth Vaughan
10
Aussie parents of NZ's big four banks facing hits to everything from net interest margins to loan impairments as a result of economic downturn stemming from coronavirus
RBA cuts cash rate in response to global coronavirus outbreak
Reserve Bank of Australia cuts cash rate to just 0.50% to 'support the economy as it responds to the global coronavirus outbreak'
3rd Mar 20, 4:43pm
by Gareth Vaughan
53
Reserve Bank of Australia cuts cash rate to just 0.50% to 'support the economy as it responds to the global coronavirus outbreak'
ComCom unveils biggest settlement with a single bank with ANZ NZ coughing up more than $35m
ANZ NZ to pay customers more than $35 million after admitting a breach of its responsible lending obligations in relation to a coding error within a loan calculator
2nd Mar 20, 1:35pm
by Gareth Vaughan
3
ANZ NZ to pay customers more than $35 million after admitting a breach of its responsible lending obligations in relation to a coding error within a loan calculator
'A global recession is looking more likely by the day' - ANZ NZ chief economist
Sharon Zollner, chief economist at NZ's biggest bank, says as the economic impact of coronavirus rises so to do the odds of RBNZ OCR cuts
28th Feb 20, 1:05pm
by Gareth Vaughan
70
Sharon Zollner, chief economist at NZ's biggest bank, says as the economic impact of coronavirus rises so to do the odds of RBNZ OCR cuts
NZ 'in a strong position to stand up to the economic and health impacts of coronavirus'
Finance Minister Grant Robertson says New Zealand is in a strong position to respond to the impacts of coronavirus
27th Feb 20, 12:50pm
by Gareth Vaughan
75
Finance Minister Grant Robertson says New Zealand is in a strong position to respond to the impacts of coronavirus
Crunchy details of new bank AT1 capital instruments awaited
Bank bosses divided ahead of key industry workshop on whether new redeemable perpetual preference shares will be fit for retail investors
27th Feb 20, 9:21am
by Gareth Vaughan
Bank bosses divided ahead of key industry workshop on whether new redeemable perpetual preference shares will be fit for retail investors
RBNZ expects to launch cyber risk consultation in March or April
Reserve Bank Bulletin article fleshes out details of the prudential regulator's estimates of the potential cost of cyber attacks on banks and insurers which are put at $142 mln annually, or 2% to 3% of their annual profits
26th Feb 20, 9:46am
by Gareth Vaughan
Reserve Bank Bulletin article fleshes out details of the prudential regulator's estimates of the potential cost of cyber attacks on banks and insurers which are put at $142 mln annually, or 2% to 3% of their annual profits
New roles, newcomers for Westpac NZ's executive team
Westpac New Zealand chief executive officer David McLean details the who, what, how and why behind a reshuffle of his senior executive team
25th Feb 20, 9:42am
by Gareth Vaughan
Westpac New Zealand chief executive officer David McLean details the who, what, how and why behind a reshuffle of his senior executive team
Kiwibank goes global to find its transformation blueprint
Kiwibank CEO Steve Jurkovich details where the bank is at with a multi-year transformation programme expected to cost hundreds of millions of dollars
24th Feb 20, 9:35am
by Gareth Vaughan
1
Kiwibank CEO Steve Jurkovich details where the bank is at with a multi-year transformation programme expected to cost hundreds of millions of dollars
Kiwibank half-year profit falls as expenses rise, net interest margin drops
Surge in expenses and drop in net interest margin push Kiwibank interim profit down 18% with more investment ahead
21st Feb 20, 11:00am
by Gareth Vaughan
15
Surge in expenses and drop in net interest margin push Kiwibank interim profit down 18% with more investment ahead
Heartland Bank spruiks reverse mortgages
Heartland Bank says enquiries about reverse mortgages are the highest it has experienced to date, helped by the ongoing low interest rate environment
20th Feb 20, 2:18pm
by Gareth Vaughan
3
Heartland Bank says enquiries about reverse mortgages are the highest it has experienced to date, helped by the ongoing low interest rate environment
Two US private equity firms close in on UDC Finance, AFR reports
Australian Financial Review report suggests two US private equity giants are duking it out for UDC Finance as ANZ looks to sell the Kiwi finance company
20th Feb 20, 11:06am
by Gareth Vaughan
Australian Financial Review report suggests two US private equity giants are duking it out for UDC Finance as ANZ looks to sell the Kiwi finance company
FMA to be 'very watchful' on how banks' regulatory capital securities are 'marketed and disclosed'
Financial Markets Authority spotlight to go on any investment products for retail investors designed to meet banks' new regulatory capital requirements
20th Feb 20, 9:34am
by Gareth Vaughan
Financial Markets Authority spotlight to go on any investment products for retail investors designed to meet banks' new regulatory capital requirements
New low for bank funding costs for a third straight year
KPMG's annual Financial Institutions Performance Survey for the banking sector shows times got a bit tougher in 2019, albeit from a very high base
19th Feb 20, 7:39am
by Gareth Vaughan
KPMG's annual Financial Institutions Performance Survey for the banking sector shows times got a bit tougher in 2019, albeit from a very high base
Heartland Bank eyes opportunities as bigger rivals grapple with new capital requirements
Heartland Bank CEO Chris Flood sees opportunities in several areas as his bank's bigger rivals wrestle with new RBNZ-imposed regulatory capital requirements
19th Feb 20, 7:38am
by Gareth Vaughan
Heartland Bank CEO Chris Flood sees opportunities in several areas as his bank's bigger rivals wrestle with new RBNZ-imposed regulatory capital requirements
MBIE has worked with Kiwibank, BNZ & ANZ on Holidays Act 'non-compliance', continues to work with ASB & Westpac
The Ministry of Business, Innovation & Employment says it has worked with Kiwibank, BNZ & ANZ on Holidays Act 'non-compliance', and it continues to work with ASB & Westpac on their Holidays Act compliance processes
18th Feb 20, 10:18am
by Gareth Vaughan
The Ministry of Business, Innovation & Employment says it has worked with Kiwibank, BNZ & ANZ on Holidays Act 'non-compliance', and it continues to work with ASB & Westpac on their Holidays Act compliance processes
ASB seeing a 'shift' from customers in deposits
ASB CEO Vittoria Shortt says in a low interest rate world where the bank's feeling a deposit margin squeeze, 'people need to be really careful about where they're putting their money and what returns are available and the risk profile attached to it'
16th Feb 20, 6:02am
by Gareth Vaughan
55
ASB CEO Vittoria Shortt says in a low interest rate world where the bank's feeling a deposit margin squeeze, 'people need to be really careful about where they're putting their money and what returns are available and the risk profile attached to it'
Harmoney will cancel P2P licence once retail investor book is wound up, FMA says
Financial Markets Authority says peer-to-peer lending was designed to provide a new investment opportunity for New Zealanders, and continues to do so despite Harmoney quitting the retail investor market
14th Feb 20, 9:42am
by Gareth Vaughan
2
Financial Markets Authority says peer-to-peer lending was designed to provide a new investment opportunity for New Zealanders, and continues to do so despite Harmoney quitting the retail investor market
Scandal plagued Fullerton Markets seeks compliance manager with NZ knowledge
Fullerton Markets, which said it was quitting New Zealand for St Vincent and the Grenadines in 2018, advertises for a compliance manager with knowledge of NZ securities laws who is able to work in NZ
13th Feb 20, 9:48am
by Gareth Vaughan
Fullerton Markets, which said it was quitting New Zealand for St Vincent and the Grenadines in 2018, advertises for a compliance manager with knowledge of NZ securities laws who is able to work in NZ
ASB's hypothesis on incoming AT1 capital instruments - 'they're not a retail investor style of product'
ASB bosses see challenges for banks in issuing the redeemable perpetual preference shares allowed by the Reserve Bank's new, incoming regulatory capital requirements
13th Feb 20, 9:22am
by Gareth Vaughan
ASB bosses see challenges for banks in issuing the redeemable perpetual preference shares allowed by the Reserve Bank's new, incoming regulatory capital requirements