Banking
ASB and BNZ follow lead of New Zealand’s other major banks, cutting mortgage serviceability test rates
29th Oct 24, 9:57am
1
ASB and BNZ follow lead of New Zealand’s other major banks, cutting mortgage serviceability test rates
Issuing debt, tapping 3rd party investors or an IPO touted as ways for the Government to boost Kiwibank's capital and thus its competitive position
28th Oct 24, 8:00am
39
Issuing debt, tapping 3rd party investors or an IPO touted as ways for the Government to boost Kiwibank's capital and thus its competitive position
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Banking Ombudsman Scheme given 11 recommendations on how to improve dispute resolution in five-yearly review
25th Oct 24, 9:00am
Banking Ombudsman Scheme given 11 recommendations on how to improve dispute resolution in five-yearly review
Wind it up, loans without climate change conditions, cost of & return on capital, up like a rocket & down like a feather, Antonia Watson's very confusing remuneration, milking farmers, excess profit tax & other tales from the parliamentary banking inquiry
24th Oct 24, 9:18am
Wind it up, loans without climate change conditions, cost of & return on capital, up like a rocket & down like a feather, Antonia Watson's very confusing remuneration, milking farmers, excess profit tax & other tales from the parliamentary banking inquiry
‘Are you milking farmers instead of cows?’ ANZ chief executive Antonia Watson defends banking profitability during Parliamentary hearing
23rd Oct 24, 12:39pm
19
‘Are you milking farmers instead of cows?’ ANZ chief executive Antonia Watson defends banking profitability during Parliamentary hearing
Citing Resimac & Bluestone withdrawals from NZ, securitisation lobby group pushes for help for non-bank lending institutions
22nd Oct 24, 9:30am
Citing Resimac & Bluestone withdrawals from NZ, securitisation lobby group pushes for help for non-bank lending institutions
New Zealand gets its chance for some Australian-style bank political theatre
What would constitute a fantastic outcome for BNZ CEO Dan Huggins, ASB CEO Vittoria Shortt on the human toll of having too much debt & other tales from a bank CEO discussion
16th Oct 24, 4:45pm
17
What would constitute a fantastic outcome for BNZ CEO Dan Huggins, ASB CEO Vittoria Shortt on the human toll of having too much debt & other tales from a bank CEO discussion
[updated]
Kiwibank follows Westpac, cuts its mortgage serviceability test rate after Reserve Bank OCR cut
15th Oct 24, 9:30am
15
Kiwibank follows Westpac, cuts its mortgage serviceability test rate after Reserve Bank OCR cut
New Zealand banks to launch Confirmation of Payee service for more secure payments by end of November, full rollout expected by Easter 2025
10th Oct 24, 11:42am
11
New Zealand banks to launch Confirmation of Payee service for more secure payments by end of November, full rollout expected by Easter 2025
[updated]
Banks start trimming, or thinking about cutting, their mortgage serviceability rates, opening the door to higher borrowing capacity
10th Oct 24, 9:02am
23
Banks start trimming, or thinking about cutting, their mortgage serviceability rates, opening the door to higher borrowing capacity
[updated]
Reserve Bank to pay $597 million dividend, Governor Adrian Orr gets a pay cut, staff numbers & costs rise
8th Oct 24, 2:39pm
12
Reserve Bank to pay $597 million dividend, Governor Adrian Orr gets a pay cut, staff numbers & costs rise
[updated]
FMA files civil proceedings against ASB relating to the alleged overcharging of 25,497 customers by about $4.3mln
8th Oct 24, 12:35pm
3
FMA files civil proceedings against ASB relating to the alleged overcharging of 25,497 customers by about $4.3mln
As the Government develops a Consumer Data Right regime, some key questions centre around fees
3rd Oct 24, 9:28am
As the Government develops a Consumer Data Right regime, some key questions centre around fees
Payments NZ highlights consumers' desire for 24/7, 365 day real-time payments
27th Sep 24, 9:19am
Payments NZ highlights consumers' desire for 24/7, 365 day real-time payments
[updated]
Reserve Bank proactively publicly issues submission to parliamentary banking inquiry, defending its role
26th Sep 24, 1:06pm
3
Reserve Bank proactively publicly issues submission to parliamentary banking inquiry, defending its role
Andrew Dixson to take the helm at Heartland Group Holdings as Jeff Greenslade & his deputy Chris Flood depart
23rd Sep 24, 10:04am
Andrew Dixson to take the helm at Heartland Group Holdings as Jeff Greenslade & his deputy Chris Flood depart
Would the Prime Minister write Kiwibank a cheque for $500 million? Christopher Luxon says he won’t preempt Treasury advice
20th Sep 24, 5:41pm
2
Would the Prime Minister write Kiwibank a cheque for $500 million? Christopher Luxon says he won’t preempt Treasury advice
S&P says Aussie proposal to do away with banks' AT1 capital addresses systemic risks from the unique, big domestic retail investor base holding AT1 securities
20th Sep 24, 9:31am
S&P says Aussie proposal to do away with banks' AT1 capital addresses systemic risks from the unique, big domestic retail investor base holding AT1 securities
Reserve Bank of Australia watching RBNZ's CBDC approach with interest, but yet to find a strong case study to support a CBDC for retail use
19th Sep 24, 9:29am
Reserve Bank of Australia watching RBNZ's CBDC approach with interest, but yet to find a strong case study to support a CBDC for retail use
Morgan Stanley banking analysts see a 'full agenda' for ANZ in 2025 and list five priorities for Westpac's new CEO
11th Sep 24, 11:37am
Morgan Stanley banking analysts see a 'full agenda' for ANZ in 2025 and list five priorities for Westpac's new CEO
[updated]
Reserve Bank consultation details possible changes for its open bank resolution policy
5th Sep 24, 9:17am
Reserve Bank consultation details possible changes for its open bank resolution policy
Simon Papa calls for strategic, co-ordinated and ongoing action from the top of government down to resolve problems in the financial services sector
5th Sep 24, 7:10am
28
Simon Papa calls for strategic, co-ordinated and ongoing action from the top of government down to resolve problems in the financial services sector
Government proposes a short list of entities to be designated for open banking
3rd Sep 24, 9:22am
Government proposes a short list of entities to be designated for open banking
Heartland CEO Jeff Greenslade says business 'very well positioned' with 'lots to be optimistic about' despite disappointing annual results and lack of year ahead guidance
30th Aug 24, 9:59am
Heartland CEO Jeff Greenslade says business 'very well positioned' with 'lots to be optimistic about' despite disappointing annual results and lack of year ahead guidance