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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 3 months

Latest articles

Kiwibank CEO Steve Jurkovich outlines major investment plans
CEO Steve Jurkovich says Kiwibank transformation project to cost 'hundreds of millions' over four to five years
26th Aug 19, 8:01am
by Gareth Vaughan
CEO Steve Jurkovich says Kiwibank transformation project to cost 'hundreds of millions' over four to five years
Big 4 Australasian banks should bite the bullet & accept a utility-style future
Gareth Vaughan suggests ANZ and its fellow big banks are starting to look snookered. Could it be time for them to accept they're now utilities?
25th Aug 19, 6:31am
by Gareth Vaughan
26
Gareth Vaughan suggests ANZ and its fellow big banks are starting to look snookered. Could it be time for them to accept they're now utilities?
Kiwibank annual profit down 6%; Business lending growth eyed
Kiwibank cites banking fee reductions, bill paying services returning to NZ Post, and lower insurance income as its annual profit drops by $7 million
23rd Aug 19, 10:09am
by Gareth Vaughan
11
Kiwibank cites banking fee reductions, bill paying services returning to NZ Post, and lower insurance income as its annual profit drops by $7 million
Scratching a 30-year itch
Ex-RBNZ director Suzanne Snively, now chairing the RBNZ Act review advisory panel, explains to Gareth Vaughan where she feels the 1989 RBNZ Act went wrong and why she's keen for a broader approach today
23rd Aug 19, 5:00am
by Gareth Vaughan
19
Ex-RBNZ director Suzanne Snively, now chairing the RBNZ Act review advisory panel, explains to Gareth Vaughan where she feels the 1989 RBNZ Act went wrong and why she's keen for a broader approach today
ANZ house sale to Hisco's wife was 'material' for financial reporting purposes, FMA says
FMA says ANZ NZ should have disclosed the sale of an Auckland house to the wife of its former CEO David Hisco as a related party transaction, questions role of auditor KPMG
22nd Aug 19, 3:10pm
by Gareth Vaughan
38
FMA says ANZ NZ should have disclosed the sale of an Auckland house to the wife of its former CEO David Hisco as a related party transaction, questions role of auditor KPMG
APRA dismisses pleas to delay beefed up prudential standard until after RBNZ capital review
Tougher APRA 'contagion risk' rules may reduce flow of bank dividends from Kiwi subsidiaries to Aussie parent banks with ANZ seeing 'limited capacity to inject capital into ANZ NZ'
21st Aug 19, 7:57am
by Gareth Vaughan
16
Tougher APRA 'contagion risk' rules may reduce flow of bank dividends from Kiwi subsidiaries to Aussie parent banks with ANZ seeing 'limited capacity to inject capital into ANZ NZ'
Analysts estimate Heartland will need to raise $100m of capital by 2022
UBS analysts highlight the wide range of returns on equity across Heartland Group Holdings' stable from reverse mortgages at the top to loans via Harmoney at the bottom
20th Aug 19, 9:31am
by Gareth Vaughan
1
UBS analysts highlight the wide range of returns on equity across Heartland Group Holdings' stable from reverse mortgages at the top to loans via Harmoney at the bottom
'Recalibrating how you think about the world in a world that has become immeasurably more complex'
ANZ Head of Foreign Exchange Research Daniel Been on how the way currency markets are analysed is changing and why the US dollar continues to have appeal
17th Aug 19, 9:16am
by Gareth Vaughan
4
ANZ Head of Foreign Exchange Research Daniel Been on how the way currency markets are analysed is changing and why the US dollar continues to have appeal
The RBNZ hits back at BusinessNZ criticism
BusinessNZ CEO Kirk Hope criticises the RBNZ for being 'pretty active' and surprising business, RBNZ Governor Adrian Orr hits back saying the RBNZ is 'forward-looking and transparent'
16th Aug 19, 10:40am
by Gareth Vaughan
36
BusinessNZ CEO Kirk Hope criticises the RBNZ for being 'pretty active' and surprising business, RBNZ Governor Adrian Orr hits back saying the RBNZ is 'forward-looking and transparent'
Heartland Bank CEO 'not overly concerned' with low interest rates
CEO Chris Flood says Heartland Bank's small size relative to competitors and high net interest margin gives him comfort the bank can continue to grow deposits
16th Aug 19, 9:25am
by Gareth Vaughan
CEO Chris Flood says Heartland Bank's small size relative to competitors and high net interest margin gives him comfort the bank can continue to grow deposits
In-coming Harmoney CEO eyes $30m+ capital raise
Harmoney hires former FlexiGroup NZ boss David Stevens as its new CEO with capital raise and extension of bank warehouse facility immediate priorities
15th Aug 19, 9:48am
by Gareth Vaughan
10
Harmoney hires former FlexiGroup NZ boss David Stevens as its new CEO with capital raise and extension of bank warehouse facility immediate priorities
Should KiwiSaver default funds be used to help bolster NZ's struggling capital markets?
Government review of KiwiSaver default provider arrangements probes potential support for New Zealand capital markets development, fee reductions and more
14th Aug 19, 5:09pm
by Gareth Vaughan
7
Government review of KiwiSaver default provider arrangements probes potential support for New Zealand capital markets development, fee reductions and more
ASB paying just 1.83% p.a. over 5 years for NZ$600 million
ASB borrows NZ$600 million through five-year bond issue that will pay investors interest of just 1.83% a year
14th Aug 19, 9:32am
by Gareth Vaughan
13
ASB borrows NZ$600 million through five-year bond issue that will pay investors interest of just 1.83% a year
ANZ NZ acknowledges 'transfer of wealth out of NZ from borrowers to foreign shareholders'
A less redacted version of ANZ NZ's submission on the RBNZ's proposals to increase bank capital requirements, released to interest.co.nz, includes a surprising admission from the country's biggest bank
13th Aug 19, 11:16am
by Gareth Vaughan
11
A less redacted version of ANZ NZ's submission on the RBNZ's proposals to increase bank capital requirements, released to interest.co.nz, includes a surprising admission from the country's biggest bank
'Does she clean her own pool?'
Following revelations about ex-ANZ New Zealand CEO David Hisco's opulent lifestyle, ASB CEO Vittoria Shortt gets a first hand taste of public perceptions towards bank bosses
11th Aug 19, 9:52am
by Gareth Vaughan
4
Following revelations about ex-ANZ New Zealand CEO David Hisco's opulent lifestyle, ASB CEO Vittoria Shortt gets a first hand taste of public perceptions towards bank bosses
'Whatever the Reserve Bank determines [on capital] we will meet'
ASB CEO Vittoria Shortt pledges her bank will accept whatever regulatory capital requirements the RBNZ decides to implement, but argues ASB's alternative capital proposals represent a better balance between stability and cost
9th Aug 19, 9:32am
by Gareth Vaughan
2
ASB CEO Vittoria Shortt pledges her bank will accept whatever regulatory capital requirements the RBNZ decides to implement, but argues ASB's alternative capital proposals represent a better balance between stability and cost
CBA, ASB partner with Ryanair banking wannabe eyeing destruction of retail banking
ASB CEO Vittoria Shortt says partnership with Swedish fintech bank Klarna is both a defensive & offensive move through which any buy now pay later services will be covered by the CCCFA
8th Aug 19, 9:42am
by Gareth Vaughan
2
ASB CEO Vittoria Shortt says partnership with Swedish fintech bank Klarna is both a defensive & offensive move through which any buy now pay later services will be covered by the CCCFA
ASB annual profit rises 8% to ninth consecutive record high
ASB annual profit increases to $1.274 billion with return on equity at 15.2% as cost-to-income ratio is cut to 35.6%. Parent Commonwealth Bank of Australia buys into buy now pay later firm
7th Aug 19, 10:15am
by Gareth Vaughan
21
ASB annual profit increases to $1.274 billion with return on equity at 15.2% as cost-to-income ratio is cut to 35.6%. Parent Commonwealth Bank of Australia buys into buy now pay later firm
FMA boss says banks' removal of sales incentives a good example of the power of public interest working
FMA CEO Rob Everett says without regulators' threat to report back to the public banks wouldn't have removed sales incentives on their own, and might have resisted the move if the FMA & RBNZ had just asked them to do it privately
7th Aug 19, 9:45am
by Gareth Vaughan
FMA CEO Rob Everett says without regulators' threat to report back to the public banks wouldn't have removed sales incentives on their own, and might have resisted the move if the FMA & RBNZ had just asked them to do it privately
'Proactive behaviour' by Westpac NZ welcomed by FMA, ComCom
Westpac NZ refunding about 93,000 customers overcharged about $7 million after self-reporting the issues to the Financial Markets Authority and the Commerce Commission
6th Aug 19, 11:04am
by Gareth Vaughan
5
Westpac NZ refunding about 93,000 customers overcharged about $7 million after self-reporting the issues to the Financial Markets Authority and the Commerce Commission
The FMA's message on cyber-attacks; No one is safe
Financial Markets Authority to bolster its monitoring of cyber-resilience as it warns that New Zealand is just as exposed to cyber threats as any other developed nation
6th Aug 19, 9:45am
by Gareth Vaughan
Financial Markets Authority to bolster its monitoring of cyber-resilience as it warns that New Zealand is just as exposed to cyber threats as any other developed nation
CBA shareholders eye big capital return despite proposed increase to ASB capital requirements
ASB's parent Commonwealth Bank of Australia under pressure to return billions of dollars of capital to shareholders despite expectation ASB's capital will need bolstering to meet RBNZ bank capital proposals
5th Aug 19, 9:57am
by Gareth Vaughan
1
ASB's parent Commonwealth Bank of Australia under pressure to return billions of dollars of capital to shareholders despite expectation ASB's capital will need bolstering to meet RBNZ bank capital proposals
RBNZ highlights big four banks' strong profitability
RBNZ analysis shows big 4 NZ banks' average return on equity second among banks from comparable countries, and if Kiwibank could match their operating expense efficiency its return on equity would be comparable
2nd Aug 19, 9:50am
by Gareth Vaughan
9
RBNZ analysis shows big 4 NZ banks' average return on equity second among banks from comparable countries, and if Kiwibank could match their operating expense efficiency its return on equity would be comparable
Owning a NZ peer-to-peer lender is no get rich quick scheme
Almost five years after peer to peer lending launched in New Zealand, making money remains a challenge for most of the licensed lenders
1st Aug 19, 9:43am
by Gareth Vaughan
Almost five years after peer to peer lending launched in New Zealand, making money remains a challenge for most of the licensed lenders
Rabobank NZ eyes relocating head office to Hamilton from Wellington
Rural lender Rabobank New Zealand consulting with about 40 Wellington-based head office staff about a move to Hamilton
30th Jul 19, 5:00am
by Gareth Vaughan
8
Rural lender Rabobank New Zealand consulting with about 40 Wellington-based head office staff about a move to Hamilton