Banking
FMA seeks clarity from the High Court on the use of eligible investor certificates in the wholesale investment sector
23rd Dec 24, 1:57pm
12
FMA seeks clarity from the High Court on the use of eligible investor certificates in the wholesale investment sector
Westpac fails fair dealing standards for 24,600 customers who took up its promotional package offers that were supposed to deliver discounts and benefits
23rd Dec 24, 10:12am
9
Westpac fails fair dealing standards for 24,600 customers who took up its promotional package offers that were supposed to deliver discounts and benefits
Mastercard, Visa scheme fees in Commerce Commission's sights, as it questions whether lower interchange fees will impact fraud fight
20th Dec 24, 5:00am
1
Mastercard, Visa scheme fees in Commerce Commission's sights, as it questions whether lower interchange fees will impact fraud fight
MinterEllisonRuddWatts' Sarah Salmond & Alex Church explain what the recent BNZ v Gloriavale judgment means
19th Dec 24, 5:00am
24
MinterEllisonRuddWatts' Sarah Salmond & Alex Church explain what the recent BNZ v Gloriavale judgment means
SBS Bank CEO Mark McLean says Kiwibank’s $500 million capital raise could strengthen competition at the top of NZ’s banking oligopoly but won’t help challenger banks to compete
18th Dec 24, 3:11pm
1
SBS Bank CEO Mark McLean says Kiwibank’s $500 million capital raise could strengthen competition at the top of NZ’s banking oligopoly but won’t help challenger banks to compete
Kiwibank says it could slash big bank profits by $1.5 billion a year if it is allowed to raise growth capital and compete at scale
18th Dec 24, 12:41pm
10
Kiwibank says it could slash big bank profits by $1.5 billion a year if it is allowed to raise growth capital and compete at scale
Citing 'an obligation of confidence,' Commerce Commission declines to name Chairman John Small's recalcitrant bank
17th Dec 24, 5:00am
15
Citing 'an obligation of confidence,' Commerce Commission declines to name Chairman John Small's recalcitrant bank
'Extremely well capitalised' banks means New Zealand doesn't need a new bail-in bank failure regime, bank lobby group says
16th Dec 24, 9:51am
'Extremely well capitalised' banks means New Zealand doesn't need a new bail-in bank failure regime, bank lobby group says
Federated Farmers asks the Commerce Commission to investigate bank 'cartel-like' climate goals, BNZ tells petrol station owners it won't offer any new loans to the sector
11th Dec 24, 11:58am
157
Federated Farmers asks the Commerce Commission to investigate bank 'cartel-like' climate goals, BNZ tells petrol station owners it won't offer any new loans to the sector
Profit tumbles across non-bank lending sector for second consecutive year, KPMG FIPS shows, as funding costs surge
11th Dec 24, 5:00am
Profit tumbles across non-bank lending sector for second consecutive year, KPMG FIPS shows, as funding costs surge
Kiwibank partial private float: Back on track or back to square one?
Interest.co.nz goes on a search for Commerce Commission Chairman John Small's 'recalcitrant' bank
10th Dec 24, 5:00am
7
Interest.co.nz goes on a search for Commerce Commission Chairman John Small's 'recalcitrant' bank
[updated]
Kiwibank gets green light to raise $500 million from private investors ahead of a possible initial public offering in 2028
9th Dec 24, 5:53pm
41
Kiwibank gets green light to raise $500 million from private investors ahead of a possible initial public offering in 2028
[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
9
New Zealander Shayne Elliott leaving ANZ next year to be replaced by ex-HSBC and Santander executive Nuno Matos
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
6
Revolut says RBNZ banking registration would see it launch interest-bearing savings products, and a wide range of credit products
Commerce Commission Chairman John Small says 'cordial discussion' with CEO of a bank 'recalcitrant' on open banking proved fruitful
4th Dec 24, 10:32am
5
Commerce Commission Chairman John Small says 'cordial discussion' with CEO of a bank 'recalcitrant' on open banking proved fruitful
Howard Davies wonders if the Basel Committee's recommendations on minimum capital requirements will ever be implemented now
30th Nov 24, 9:30am
1
Howard Davies wonders if the Basel Committee's recommendations on minimum capital requirements will ever be implemented now
The Co-operative Bank books another chunky Credit Contracts and Consumer Finance Act related provision
28th Nov 24, 9:22am
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
4
Kiwibank fined $1.5m after self-reporting overcharging 35k customers $6.8m. Commerce Commission tells banks to make 'necessary investment' in their systems
Live-streamed video from the November 2024 RBNZ Monetary Policy Statement press conference with Governor Adrian Orr
27th Nov 24, 2:55pm
Live-streamed video from the November 2024 RBNZ Monetary Policy Statement press conference with Governor Adrian Orr
ASB and Kiwibank lead way in September quarter housing lending growth
27th Nov 24, 7:44am
ASB and Kiwibank lead way in September quarter housing lending growth
[updated]
Heartland Group Holdings says car loans and asset finance struggling, liquidations hitting forestry and transport customers
26th Nov 24, 12:28pm
3
Heartland Group Holdings says car loans and asset finance struggling, liquidations hitting forestry and transport customers
Westpac NZ CEO and Chairwoman quizzed about poor customer satisfaction and controversial returns comparison at parliamentary banking probe
21st Nov 24, 9:16am
2
Westpac NZ CEO and Chairwoman quizzed about poor customer satisfaction and controversial returns comparison at parliamentary banking probe
The Commerce and Consumer Affairs Minister says there needs to be progress in NZ’s payments sector in the next year or he’s going to be asking the industry what the hell they’ve been doing
20th Nov 24, 1:00pm
7
The Commerce and Consumer Affairs Minister says there needs to be progress in NZ’s payments sector in the next year or he’s going to be asking the industry what the hell they’ve been doing
Bank CEOs urge balance between regulation and innovation amid 'regulatory congestion' concerns
20th Nov 24, 7:42am
1
Bank CEOs urge balance between regulation and innovation amid 'regulatory congestion' concerns