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

16 years 3 months

Latest articles

UnitedFuture Party pulls the plug

UnitedFuture, pointing out it was the party with the longest continuous role in New Zealand government for 100 years, says it's disbanding

14th Nov 17, 10:19am

by Gareth Vaughan

UnitedFuture, pointing out it was the party with the longest continuous role in New Zealand government for 100 years, says it's disbanding

Where the big banks are at with comprehensive credit reporting

Five-and-a-half years into New Zealand's comprehensive credit reporting regime two of the big five banks are yet to embrace it

13th Nov 17, 11:35am

by Gareth Vaughan

Five-and-a-half years into New Zealand's comprehensive credit reporting regime two of the big five banks are yet to embrace it

'Subdued growth' from 'solid' big bank reporting season

Australasia's big 4 banks deliver their lowest bad debt charge since they began reporting credit expenses in 1980

13th Nov 17, 10:51am

by Gareth Vaughan

Australasia's big 4 banks deliver their lowest bad debt charge since they began reporting credit expenses in 1980

A 3 step plan to boost banking competition in New Zealand

NZ's 4 Australian owned banks dominate our banking industry and increased combined annual profit by $601 mln. Against this backdrop Gareth Vaughan outlines 3 steps to boost competition

11th Nov 17, 8:21am

by Gareth Vaughan

NZ's 4 Australian owned banks dominate our banking industry and increased combined annual profit by $601 mln. Against this backdrop Gareth Vaughan outlines 3 steps to boost competition

This week's Top 10, - the Paradise Papers

Apple & an 'official assurance of tax exemption', an Interpol fugitive, Republican super-donors, the world's biggest offshore plane registry, a mega trust, Mauritius vs Africa, the real culprits & much more

10th Nov 17, 10:02am

by Gareth Vaughan

NZ's big 4 banks lift combined annual profit by 14%

ANZ NZ, ASB, BNZ and Westpac NZ post combined annual cash profit of $4.8 billion despite squeeze on net interest margins

9th Nov 17, 10:16am

by Gareth Vaughan

ANZ NZ, ASB, BNZ and Westpac NZ post combined annual cash profit of $4.8 billion despite squeeze on net interest margins

Growth story continues at Heartland Bank

Heartland Bank seeks $59m through rights issue, posts 12% quarterly profit rise & reiterates forecast for annual profit growth of up to 12%

9th Nov 17, 10:06am

by Gareth Vaughan

Heartland Bank seeks $59m through rights issue, posts 12% quarterly profit rise & reiterates forecast for annual profit growth of up to 12%

TSB boss Kevin Murphy joins NZ bank CEO exodus

CEO and managing director Kevin Murphy to retire from TSB in January, search for replacement underway

8th Nov 17, 1:12pm

by Gareth Vaughan

CEO and managing director Kevin Murphy to retire from TSB in January, search for replacement underway

'We can't be afraid of competition'

Westpac NZ 'not too fazed' by new government's desire to get Kiwibank up to speed to take government banking business off Westpac, CEO David McLean says

7th Nov 17, 2:12pm

by Gareth Vaughan

Westpac NZ 'not too fazed' by new government's desire to get Kiwibank up to speed to take government banking business off Westpac, CEO David McLean says

'With the benefit of hindsight we should have reacted quicker'

CEO David McLean acknowledges Westpac NZ was 'caught on the back foot' in year of two distinct halves, sees KiwiSaver fees 'evolving'

7th Nov 17, 2:05pm

by Gareth Vaughan

CEO David McLean acknowledges Westpac NZ was 'caught on the back foot' in year of two distinct halves, sees KiwiSaver fees 'evolving'

'Dual invoicing a warning flag for duty evasion'

SFO wraps up probe into Zespri over alleged facilitation of tax evasion for Chinese importer saying the conduct didn't meet the high standard required for laying criminal charges

7th Nov 17, 11:28am

by Gareth Vaughan

SFO wraps up probe into Zespri over alleged facilitation of tax evasion for Chinese importer saying the conduct didn't meet the high standard required for laying criminal charges

Impairment write-backs & recoveries boost Westpac NZ profit

Westpac NZ annual cash earnings climb 10% despite flat income thanks to $135 mln impairment turnaround as dairy farming sector recovers

6th Nov 17, 9:51am

by Gareth Vaughan

Westpac NZ annual cash earnings climb 10% despite flat income thanks to $135 mln impairment turnaround as dairy farming sector recovers

Foreign buyer ban 'will take some upward price pressure away'

BNZ's Tony Alexander describes new government's ban on foreigners buying houses as 'clever', and says it 'aligns NZ with the foreign buying policies of almost all other countries'

3rd Nov 17, 3:39pm

by Gareth Vaughan

BNZ's Tony Alexander describes new government's ban on foreigners buying houses as 'clever', and says it 'aligns NZ with the foreign buying policies of almost all other countries'

BNZ 'transformation agenda' underway ahead of change at the top

Departing BNZ CEO Anthony Healy says his successor Angela Mentis is 'probably the most customer focused leader I've worked with'

3rd Nov 17, 2:09pm

by Gareth Vaughan

Departing BNZ CEO Anthony Healy says his successor Angela Mentis is 'probably the most customer focused leader I've worked with'

BNZ capital 'unquestionably strong', open banking 'not clearly enough defined'

Departing CEO Anthony Healy says BNZ's capital 'comfortably above the unquestionably strong' threshold as RBNZ reviews banks' capital adequacy requirements

3rd Nov 17, 2:03pm

by Gareth Vaughan

Departing CEO Anthony Healy says BNZ's capital 'comfortably above the unquestionably strong' threshold as RBNZ reviews banks' capital adequacy requirements

Small banks seek standardised measurement of risk weighted exposures

New Zealand's smaller banks make a case to the RBNZ for a level capital playing field with the big four

2nd Nov 17, 3:07pm

by Gareth Vaughan

New Zealand's smaller banks make a case to the RBNZ for a level capital playing field with the big four

New BNZ CEO bringing 'relentless customer focus'

BNZ CEO Anthony Healy to return to parent National Australia Bank and be succeeded by NAB executive Angela Mentis

2nd Nov 17, 10:23am

by Gareth Vaughan

BNZ CEO Anthony Healy to return to parent National Australia Bank and be succeeded by NAB executive Angela Mentis

Is it time for a fresh approach towards state housing?

Could shared equity schemes be a way for the new government to forge a new path in state housing? Gareth Vaughan takes a look a such a scheme that was proposed and rejected for Tamaki

1st Nov 17, 2:39pm

by Gareth Vaughan

Could shared equity schemes be a way for the new government to forge a new path in state housing? Gareth Vaughan takes a look a such a scheme that was proposed and rejected for Tamaki

Macquarie puts a valuation on ANZ's NZ wealth unit

How much could the ANZ Banking Group get for its New Zealand wealth operations?

30th Oct 17, 1:33pm

by Gareth Vaughan

How much could the ANZ Banking Group get for its New Zealand wealth operations?

The country where house prices have risen 7459%...over 53 years

New Zealand house prices make second biggest gain among 20 developed countries surveyed in Bank for International Settlements working paper

28th Oct 17, 8:12am

by Gareth Vaughan

New Zealand house prices make second biggest gain among 20 developed countries surveyed in Bank for International Settlements working paper

ANZ's David Hisco; 'We're back in the game'

The country's biggest bank has a 'pretty good' appetite for residential mortgage growth, CEO David Hisco says, is playing a waiting game on proposed UDC sale

27th Oct 17, 11:29am

by Gareth Vaughan

The country's biggest bank has a 'pretty good' appetite for residential mortgage growth, CEO David Hisco says, is playing a waiting game on proposed UDC sale

Interest rate caps, open banking, financial adviser oversight on new minister's agenda

Ex-TV reporter Kris Faafoi replaces former Play School host Jacqui Dean as Minister of Commerce & Consumer Affairs

26th Oct 17, 3:14pm

by Gareth Vaughan

Ex-TV reporter Kris Faafoi replaces former Play School host Jacqui Dean as Minister of Commerce & Consumer Affairs

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'