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 8 months

Latest articles

'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

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

Fletcher Building's Winstone Wallboards to 'vigorously defend' Commerce Commission court case

Commerce Commission takes GIB manufacturer Winstone Wallboards to court alleging anti-competitive conduct

1st Nov 24, 12:40pm

by Gareth Vaughan

Commerce Commission takes GIB manufacturer Winstone Wallboards to court alleging anti-competitive conduct

The 'alcopops of debt' the most common first credit experience

[updated]

Buy now, pay later the most common first-time path to credit/debt

1st Nov 24, 5:00am

by Gareth Vaughan

Buy now, pay later the most common first-time path to credit/debt

Business credit defaults and liquidations on the rise

Company liquidations hit highest monthly level in a decade, Centrix says

1st Nov 24, 5:00am

by Gareth Vaughan

Company liquidations hit highest monthly level in a decade, Centrix says

Share buyback increases expected from big Australasian banks

Big four Australasian banks expected to deliver 'another uneventful reporting season'

31st Oct 24, 9:11am

by Gareth Vaughan

Big four Australasian banks expected to deliver 'another uneventful reporting season'

Heartland remains reticent on providing earnings guidance

Heartland Group to 'rationalise' non-strategic assets, says economy still too volatile for it to provide earnings guidance

30th Oct 24, 1:42pm

by Gareth Vaughan

Heartland Group to 'rationalise' non-strategic assets, says economy still too volatile for it to provide earnings guidance

RBNZ expects to be called before parliamentary banking inquiry

No date set yet, but Reserve Bank staff expected to appear before parliamentary banking inquiry

30th Oct 24, 9:54am

by Gareth Vaughan

No date set yet, but Reserve Bank staff expected to appear before parliamentary banking inquiry

Treasury floats 3 options for boosting Kiwibank's capital

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

by Gareth Vaughan

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

Exciting bank competition developments may come with more risk

Whilst the push for greater bank competition is good news, it may also come with increased risk

28th Oct 24, 6:00am

by Gareth Vaughan

Whilst the push for greater bank competition is good news, it may also come with increased risk

'A sombre return to reality' for consumer confidence

Consumer confidence fell in October amid job security fears against backdrop of interest rate cut flow through lag, ANZ Roy Morgan survey says

25th Oct 24, 10:38am

by Gareth Vaughan

Consumer confidence fell in October amid job security fears against backdrop of interest rate cut flow through lag, ANZ Roy Morgan survey says

And so it begins

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

by Gareth Vaughan

New AML/CFT levy won't be introduced before 2027

Associate Justice Minister Nicole McKee says new AML/CFT regime will be better placed to respond to emerging money-laundering risks

24th Oct 24, 9:07am

by Gareth Vaughan

Associate Justice Minister Nicole McKee says new AML/CFT regime will be better placed to respond to emerging money-laundering risks

Government moving to sole AML supervisor to be funded by levies

[updated]

RBNZ & FMA to be stripped of anti-money laundering supervisory roles with DIA to be sole supervisor, Associate Justice Minister Nicole McKee says

23rd Oct 24, 10:03am

by Gareth Vaughan

RBNZ & FMA to be stripped of anti-money laundering supervisory roles with DIA to be sole supervisor, Associate Justice Minister Nicole McKee says