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

14 years 11 months

Latest articles

Help may be at hand for non-bank 'specialist' lenders

Profit tumbles across non-bank lending sector for second consecutive year, KPMG FIPS shows, as funding costs surge

11th Dec 24, 5:00am

by Gareth Vaughan

Profit tumbles across non-bank lending sector for second consecutive year, KPMG FIPS shows, as funding costs surge

Which bank is John Small's recalcitrant one?

Interest.co.nz goes on a search for Commerce Commission Chairman John Small's 'recalcitrant' bank

10th Dec 24, 5:00am

by Gareth Vaughan

Interest.co.nz goes on a search for Commerce Commission Chairman John Small's 'recalcitrant' bank

Nuno Matos succeeding Shayne Elliott as ANZ Banking Group CEO, share price falls

[updated]

New Zealander Shayne Elliott leaving ANZ next year to be replaced by ex-HSBC and Santander executive Nuno Matos

9th Dec 24, 9:47am

by Gareth Vaughan

New Zealander Shayne Elliott leaving ANZ next year to be replaced by ex-HSBC and Santander executive Nuno Matos

Fintech Revolut seeks NZ banking registration

Revolut says RBNZ banking registration would see it launch interest-bearing savings products, and a wide range of credit products

6th Dec 24, 5:30am

by Gareth Vaughan

Revolut says RBNZ banking registration would see it launch interest-bearing savings products, and a wide range of credit products

Moral suasion wins the day with CEO of 'recalcitrant' big bank

Commerce Commission Chairman John Small says 'cordial discussion' with CEO of a bank 'recalcitrant' on open banking proved fruitful

4th Dec 24, 10:32am

by Gareth Vaughan

Commerce Commission Chairman John Small says 'cordial discussion' with CEO of a bank 'recalcitrant' on open banking proved fruitful

Wholesale trade sector hit hard as business failures mount

Rising number of liquidations sees wholesale trade sector, construction and transport hard hit, credit bureau Centrix says

3rd Dec 24, 5:00am

by Gareth Vaughan

Rising number of liquidations sees wholesale trade sector, construction and transport hard hit, credit bureau Centrix says

A match, partial match, or no match; welcome to the new confirmation of payee world

Banks launch confirmation of payee service, which is to be rolled out between now and Easter

28th Nov 24, 2:24pm

by Gareth Vaughan

Banks launch confirmation of payee service, which is to be rolled out between now and Easter

Co-operative Bank CCCFA review costs mount

The Co-operative Bank books another chunky Credit Contracts and Consumer Finance Act related provision

28th Nov 24, 9:22am

by Gareth Vaughan

The Co-operative Bank books another chunky Credit Contracts and Consumer Finance Act related provision

Kiwibank fined $1.5m in Commerce Commission Fair Trading Act case after 'a raft of systems failures'

[updated]

Kiwibank fined $1.5m after self-reporting overcharging 35k customers $6.8m. Commerce Commission tells banks to make 'necessary investment' in their systems

27th Nov 24, 3:51pm

by Gareth Vaughan

Kiwibank fined $1.5m after self-reporting overcharging 35k customers $6.8m. Commerce Commission tells banks to make 'necessary investment' in their systems

ASB and Kiwibank grow most in subdued housing market

ASB and Kiwibank lead way in September quarter housing lending growth

27th Nov 24, 7:44am

by Gareth Vaughan

ASB and Kiwibank lead way in September quarter housing lending growth

ANZ cuts mortgage and term deposit rates on eve of Reserve Bank OCR review

[updated]

ANZ NZ unveils some mortgage and term deposit rate cuts ahead of Wednesday's Official Cash Rate review

26th Nov 24, 5:26pm

by Gareth Vaughan

ANZ NZ unveils some mortgage and term deposit rate cuts ahead of Wednesday's Official Cash Rate review

Heartland books loan provisions as downturn continues biting

[updated]

Heartland Group Holdings says car loans and asset finance struggling, liquidations hitting forestry and transport customers

26th Nov 24, 12:28pm

by Gareth Vaughan

Heartland Group Holdings says car loans and asset finance struggling, liquidations hitting forestry and transport customers

'We don't milk our customers at all,' Westpac NZ CEO tells MPs

Westpac NZ CEO and Chairwoman quizzed about poor customer satisfaction and controversial returns comparison at parliamentary banking probe

21st Nov 24, 9:16am

by Gareth Vaughan

Westpac NZ CEO and Chairwoman quizzed about poor customer satisfaction and controversial returns comparison at parliamentary banking probe

Average household faces electricity bill increase of about $360 over 5 years to pay for upgrades

[updated]

Commerce Commission says higher electricity bills needed to help fund maintenance and upgrade of electricity network

20th Nov 24, 10:22am

by Gareth Vaughan

Commerce Commission says higher electricity bills needed to help fund maintenance and upgrade of electricity network

Westpac NZ 'the key standout' in recent big bank results

Analysts cite Westpac NZ's pre-provision operating profit growth as key standout in big bank reporting season

19th Nov 24, 9:10am

by Gareth Vaughan

Analysts cite Westpac NZ's pre-provision operating profit growth as key standout in big bank reporting season

Big NZ banks should be able to maintain returns without taking 'undue risk,' S&P says

S&P Global Ratings sees more of the same from New Zealand's big four banks

15th Nov 24, 10:23am

by Gareth Vaughan

S&P Global Ratings sees more of the same from New Zealand's big four banks

South Korea's Kookmin Bank quitting NZ after 27 years

Kookmin Bank leaving New Zealand following a strategic review, says continued business operations in NZ were uncertain

13th Nov 24, 7:23pm

by Gareth Vaughan

Kookmin Bank leaving New Zealand following a strategic review, says continued business operations in NZ were uncertain

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Big four banks' annual dividends surge

Big banks' dividend and capital surges year-on-year despite softer profits for three of four

13th Nov 24, 9:46am

by Gareth Vaughan

Big banks' dividend and capital surges year-on-year despite softer profits for three of four

ANZ NZ's non-housing lending down 13% in five years

ANZ NZ CEO Antonia Watson open to growing business and rural lending as a percentage of total lending but doesn't expect significant change

11th Nov 24, 9:58am

by Gareth Vaughan

ANZ NZ CEO Antonia Watson open to growing business and rural lending as a percentage of total lending but doesn't expect significant change

Waiving fees on low equity mortgage lending 'competition in action'

ANZ NZ CEO Antonia Watson says the housing market's 'especially competitive' at the moment, at least in part due to low volumes of new loans

9th Nov 24, 8:45am

by Gareth Vaughan

ANZ NZ CEO Antonia Watson says the housing market's 'especially competitive' at the moment, at least in part due to low volumes of new loans

More work to do to convince people the big banks are competitive and not too profitable, BNZ boss says

Big banks 'haven't yet done a good enough job' persuading people NZ banking is competitive and their profits aren't too high, BNZ CEO Dan Huggins says

8th Nov 24, 10:17am

by Gareth Vaughan

Big banks 'haven't yet done a good enough job' persuading people NZ banking is competitive and their profits aren't too high, BNZ CEO Dan Huggins says

ANZ NZ CEO sees 'a sense of cautious optimism surrounding NZ's economic future'

[updated]

ANZ NZ annual profit drops 2% as net interest margin falls while expenses and hedging losses rise

8th Nov 24, 10:03am

by Gareth Vaughan

ANZ NZ annual profit drops 2% as net interest margin falls while expenses and hedging losses rise

'Maverick and banking don't correlate particularly well'

Rabobank NZ CEO tells MPs 'we're doing our bit to create competition in the New Zealand market'

7th Nov 24, 11:59am

by Gareth Vaughan

Rabobank NZ CEO tells MPs 'we're doing our bit to create competition in the New Zealand market'

Westpac NZ has 'plenty of appetite and plenty of headroom to support the productive sector'

Westpac NZ CEO Catherine McGrath says any possible bank profit tax 'not on the top of my list of things that I can do anything about'

5th Nov 24, 9:14am

by Gareth Vaughan

Westpac NZ CEO Catherine McGrath says any possible bank profit tax 'not on the top of my list of things that I can do anything about'

Westpac NZ annual profit rises 16%; sees a quarter of fixed home loan customers on lower rates by year's end

[updated]

Annual profit up for Westpac NZ as income rises and loan impairments fall

4th Nov 24, 10:33am

by Gareth Vaughan

Annual profit up for Westpac NZ as income rises and loan impairments fall