ASB
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
Commerce and Consumer Affairs Minister Andrew Bayly sees potential for KiwiSaver provider consolidation as new investment rules aim to boost local opportunities
14th Dec 24, 9:10am
7
Commerce and Consumer Affairs Minister Andrew Bayly sees potential for KiwiSaver provider consolidation as new investment rules aim to boost local opportunities
[updated]
Fintechs could be stymied by costly and differing access to open banking application programming interfaces
10th Dec 24, 12:43pm
9
Fintechs could be stymied by costly and differing access to open banking application programming interfaces
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
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
Westpac chief economist Kelly Eckhold sees the possibility the Reserve Bank may start to raise the Official Cash Rate again as soon as 2026
2nd Dec 24, 11:49am
15
Westpac chief economist Kelly Eckhold sees the possibility the Reserve Bank may start to raise the Official Cash Rate again as soon as 2026
Big four banks meet deadline for easier customer sharing of account info with fintechs
29th Nov 24, 5:00am
4
Big four banks meet deadline for easier customer sharing of account info with fintechs
[updated]
Co-operative Bank moves first and big, immediately followed by Kiwibank. Co-op cuts -70 bps. Kiwibank also cuts the full -50 bps for savers, but Cooperative Bank tempers some of its cuts to savers
27th Nov 24, 2:13pm
6
Co-operative Bank moves first and big, immediately followed by Kiwibank. Co-op cuts -70 bps. Kiwibank also cuts the full -50 bps for savers, but Cooperative Bank tempers some of its cuts to savers
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
ASB survey shows concerns about the economy are weighing on people's expectations for increases in house prices
26th Nov 24, 9:15am
47
ASB survey shows concerns about the economy are weighing on people's expectations for increases in house prices
[updated]
With all the focus by home loan borrowers on short fixed rates (expecting rates to fall further soon), BNZ chops its six month fixed rate to under 6%, the lowest of any bank
21st Nov 24, 8:13am
23
With all the focus by home loan borrowers on short fixed rates (expecting rates to fall further soon), BNZ chops its six month fixed rate to under 6%, the lowest of any bank
Following another strong dairy auction, Westpac economists now have the highest milk price forecast; ASB economists have also raised their forecast as a record payout for this season looks ever more likely
20th Nov 24, 3:05pm
1
Following another strong dairy auction, Westpac economists now have the highest milk price forecast; ASB economists have also raised their forecast as a record payout for this season looks ever more likely
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
The country’s biggest banks ‘dangling the carrot’ via home loan cashbacks ranging from $5,000 to as much as $25,000
16th Nov 24, 6:52am
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The country’s biggest banks ‘dangling the carrot’ via home loan cashbacks ranging from $5,000 to as much as $25,000
S&P Global Ratings sees more of the same from New Zealand's big four banks
[updated]
Statistics NZ's Selected Price Indexes show inflationary pressures are continuing to look subdued following the big rises of the past few years
14th Nov 24, 11:21am
27
Statistics NZ's Selected Price Indexes show inflationary pressures are continuing to look subdued following the big rises of the past few years
Tex Edwards says New Zealand is 15 years behind the rest of the world when it comes to open banking and Kiwibank isn’t the solution to NZ’s banking competition problems
13th Nov 24, 3:53pm
Tex Edwards says New Zealand is 15 years behind the rest of the world when it comes to open banking and Kiwibank isn’t the solution to NZ’s banking competition problems
Banks face competition from smaller businesses focused on specific niches and global tech behemoths, ASB bosses say
13th Nov 24, 12:47pm
13
Banks face competition from smaller businesses focused on specific niches and global tech behemoths, ASB bosses say
Big banks' dividend and capital surges year-on-year despite softer profits for three of four
13th Nov 24, 9:46am
Big banks' dividend and capital surges year-on-year despite softer profits for three of four
Almost $7 billion sweetens the pot of KiwiSaver funds under management during the September quarter
12th Nov 24, 4:47pm
5
Almost $7 billion sweetens the pot of KiwiSaver funds under management during the September quarter
Economists see the Reserve Bank being wary on inflation and taking a cautious approach to further interest rate cuts next year
12th Nov 24, 10:05am
9
Economists see the Reserve Bank being wary on inflation and taking a cautious approach to further interest rate cuts next year
Andrew Laming has more questions for the Parliamentary Banking Inquiry, suggesting rural loan risks don't justify the capital risk weights being used
8th Nov 24, 10:54am
4
Andrew Laming has more questions for the Parliamentary Banking Inquiry, suggesting rural loan risks don't justify the capital risk weights being used
TSB launches 5.69% 'special offer' for one year fixed home loan rate, lower than any main bank's carded rate for that term
5th Nov 24, 9:37am
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TSB launches 5.69% 'special offer' for one year fixed home loan rate, lower than any main bank's carded rate for that term
As MPs probe bank competition, Andrew Laming calls for an honest discussion on how capital allocation drivers are set
2nd Nov 24, 7:01am
30
As MPs probe bank competition, Andrew Laming calls for an honest discussion on how capital allocation drivers are set
Latest Statistics NZ figures show that there's been no monthly jobs growth in any of the past six months - while the construction sector in particular is contracting substantially
29th Oct 24, 11:28am
30
Latest Statistics NZ figures show that there's been no monthly jobs growth in any of the past six months - while the construction sector in particular is contracting substantially