Gareth Vaughan | interest.co.nz

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

ANZ NZ annual net profit up 15% to fresh record high

New Zealand's biggest bank records increased annual profit as income rises while expenses and loan impairments fall

26th Oct 17, 10:03am

by Gareth Vaughan

New Zealand's biggest bank records increased annual profit as income rises while expenses and loan impairments fall

No banking inquiry proposed by new government

New government wants Kiwibank big enough to take on its business within 6 years but doesn't provide detail on how state owned bank will get there

25th Oct 17, 10:09am

by Gareth Vaughan

New government wants Kiwibank big enough to take on its business within 6 years but doesn't provide detail on how state owned bank will get there

ASB secures cheapest 7-year covered bond by a NZ bank to date

ASB borrows €500 mln through a covered bond issue that secures 'the lowest price achieved for a New Zealand issuer in a seven-year covered bond'

24th Oct 17, 2:09pm

by Gareth Vaughan

ASB borrows €500 mln through a covered bond issue that secures 'the lowest price achieved for a New Zealand issuer in a seven-year covered bond'

How an out of favour Russian oligarch used NZ trusts to squirrel away assets

NZ trusts and companies, a failed Russian bank, an out of favour oligarch, a descendant of Leo Tolstoy, asset protection, the Parnell HQ and a 'very concerned' Auckland lawyer

21st Oct 17, 8:05am

by Gareth Vaughan

NZ trusts and companies, a failed Russian bank, an out of favour oligarch, a descendant of Leo Tolstoy, asset protection, the Parnell HQ and a 'very concerned' Auckland lawyer

Key as ANZ NZ chairman; Good for the shareholder, divisive for customers

In light of John Key's appointment to ANZ NZ's board, Gareth Vaughan outlines why he doesn't believe politicians should be on big company boards, but can see Key's appeal to ANZ's masters

21st Oct 17, 7:56am

by Gareth Vaughan

In light of John Key's appointment to ANZ NZ's board, Gareth Vaughan outlines why he doesn't believe politicians should be on big company boards, but can see Key's appeal to ANZ's masters

Big rise in Kiwibank cases at the Banking Ombudsman

Banking Ombudsman cases involving Kiwibank and Heartland Bank surge as cases featuring the 4 Australian owned banks drop

19th Oct 17, 5:02am

by Gareth Vaughan

Banking Ombudsman cases involving Kiwibank and Heartland Bank surge as cases featuring the 4 Australian owned banks drop

NZF says Thursday afternoon; English, Ardern to update MPs

Winston Peters' NZ First set to enlighten New Zealanders on the make-up of the new government on Thursday afternoon

18th Oct 17, 5:31pm

by Gareth Vaughan

Winston Peters' NZ First set to enlighten New Zealanders on the make-up of the new government on Thursday afternoon

John Key confirmed as new chairman of ANZ NZ

ANZ NZ, the country's biggest bank, to have ex-PM John Key as its chairman from January 2018

18th Oct 17, 10:28am

by Gareth Vaughan

ANZ NZ, the country's biggest bank, to have ex-PM John Key as its chairman from January 2018

'Smart ATMs can't approve loans, give financial advice, or help sort out problems'

More than 100 jobs on the line as BNZ restructures its branch network, First Union says. Bank says 'change proposals' are being discussed

17th Oct 17, 10:30am

by Gareth Vaughan

More than 100 jobs on the line as BNZ restructures its branch network, First Union says. Bank says 'change proposals' are being discussed

Warning for Australia's 'investor and interest-only mortgage culture'

Aussie parents of NZ's big 4 banks seen facing increased risk of mis-selling claims as interest-only mortgage borrowers come under pressure

16th Oct 17, 10:44am

by Gareth Vaughan

Aussie parents of NZ's big 4 banks seen facing increased risk of mis-selling claims as interest-only mortgage borrowers come under pressure

'Outlook for Auckland house prices remains highly uncertain'

September saw Auckland record the second lowest volume of house sales in a September month - after 2008 - during the past 25 years

14th Oct 17, 7:18am

by Gareth Vaughan

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September saw Auckland record the second lowest volume of house sales in a September month - after 2008 - during the past 25 years

FMA strives to breathe life & certainty into NZ's wholesale interest rates market

FMA's BKBM guidance hailed as 'pragmatic, practical and sensible' guidance that 'stands out globally'. NZ banks pleased FMA has 'confirmed there are no systemic conduct issues'

12th Oct 17, 12:03pm

by Gareth Vaughan

FMA's BKBM guidance hailed as 'pragmatic, practical and sensible' guidance that 'stands out globally'. NZ banks pleased FMA has 'confirmed there are no systemic conduct issues'

Macquarie bullish on Heartland Bank

Analysts at Macquarie initiate coverage of Heartland Bank with an 'outperform' rating on its shares, bullish outlook on its growth prospects highlighted by prospects for reverse mortgages

12th Oct 17, 9:32am

by Gareth Vaughan

Analysts at Macquarie initiate coverage of Heartland Bank with an 'outperform' rating on its shares, bullish outlook on its growth prospects highlighted by prospects for reverse mortgages

Aussie mortgage growth seen slowing to 4% next year

ANZ customers have the highest average loan to income ratio among Australia's banks, Morgan Stanley reveals

11th Oct 17, 10:19am

by Gareth Vaughan

ANZ customers have the highest average loan to income ratio among Australia's banks, Morgan Stanley reveals

Council floats possibility of Unitary Plan change to tackle housing affordability

Auckland Council eyes using property development arm Panuku Development Auckland to help establish more affordable housing

10th Oct 17, 3:28pm

by Gareth Vaughan

Auckland Council eyes using property development arm Panuku Development Auckland to help establish more affordable housing

Govt pushing for open banking

Commerce & Consumer Affairs Minister Jacqui Dean pushing for open banking in NZ as part of greater retail payments competition. Notes regulation limiting merchant fees, open access to bank data common overseas

7th Oct 17, 6:02am

by Gareth Vaughan

Fine of $5.29m under anti-money laundering laws for 173 suspicious transactions

Auckland company Ping An fined $5.29 mln for 'calculated and contemptuous disregard' for anti-money laundering laws

29th Sep 17, 3:33pm

by Gareth Vaughan

Auckland company Ping An fined $5.29 mln for 'calculated and contemptuous disregard' for anti-money laundering laws

The RBNZ's LVR policy 'may have overcooked things'

ANZ's Cameron Bagrie suggests the RBNZ may start easing its LVR restrictions from mid-2018, sees concerns for residential property developers & competition for deposits easing

29th Sep 17, 10:02am

by Gareth Vaughan

ANZ's Cameron Bagrie suggests the RBNZ may start easing its LVR restrictions from mid-2018, sees concerns for residential property developers & competition for deposits easing

Stellar year for the NZ Super Fund

NZ Super Fund returns 20.7% in June year after costs and before tax. Now sits at $35 bln having added $5 bln. Pays $920 mln in tax

28th Sep 17, 11:32am

by Gareth Vaughan

NZ Super Fund returns 20.7% in June year after costs and before tax. Now sits at $35 bln having added $5 bln. Pays $920 mln in tax

When will the new permanent RBNZ Governor be named?

How long will we have to wait to hear who the new RBNZ Governor will be, and will Winston Peters have a say in the appointment and Policy Targets Agreement?

28th Sep 17, 9:48am

by Gareth Vaughan

How long will we have to wait to hear who the new RBNZ Governor will be, and will Winston Peters have a say in the appointment and Policy Targets Agreement?

RBNZ greenlights its dashboard bank disclosure project

The RBNZ eyes May launch for its bank dashboard disclosure regime with previously hostile banks now 'looking forward' to working with their regulator 'on the practical detail'

27th Sep 17, 4:02pm

by Gareth Vaughan

The RBNZ eyes May launch for its bank dashboard disclosure regime with previously hostile banks now 'looking forward' to working with their regulator 'on the practical detail'

Aussie ATM fee cull little more than a PR stunt

'Negligible direct impact on profit' for the Australian parents of NZ's big four banks by scrapping ATM fees

27th Sep 17, 10:32am

by Gareth Vaughan

'Negligible direct impact on profit' for the Australian parents of NZ's big four banks by scrapping ATM fees

Ian Taylor, S-Profit Ltd, South Sudan & arms deals

Shell company incorporator Ian Taylor, who shot to prominence in 2009 over the activities of SP Trading Ltd, has again been linked to a company involved in illicit weapons dealing

26th Sep 17, 12:36pm

by Gareth Vaughan

Shell company incorporator Ian Taylor, who shot to prominence in 2009 over the activities of SP Trading Ltd, has again been linked to a company involved in illicit weapons dealing

A reminder of what Winston Peters wants in monetary policy & banking

As the National and Labour/Greens sides both court Winston Peters, here's a look at what he campaigned for in monetary policy and banking, insurance & KiwiSaver

26th Sep 17, 9:26am

by Gareth Vaughan

As the National and Labour/Greens sides both court Winston Peters, here's a look at what he campaigned for in monetary policy and banking, insurance & KiwiSaver

'The cost and revenue structure of ATMs in Australia is different to NZ'

New Zealand banks in no rush to follow Australian banks' example and cull ATM fees

26th Sep 17, 9:22am

by Gareth Vaughan

New Zealand banks in no rush to follow Australian banks' example and cull ATM fees