National Business Review Banking and Finance

BNZ boss wants tax changes to boost savings' appeal vs housing and property

chris-keall — Sun, 19 May 2013 02:17:50 +0000

Thorburn also calls for compulsory KiwiSaver and higher contributions.

Reserve Bank will explain before using new asset bubble tools

businessdesk — Fri, 17 May 2013 05:40:45 +0000

There will be consultation with banks in coming weeks on adding details of the policy into its Banking Supervision Handbook.

Consumer confidence up amid rising house prices, improving jobs market

businessdesk — Fri, 17 May 2013 02:10:51 +0000

More respondents in the latest survey feel better off financially than they did a year ago.

Heartland among eight banks put on rising housing risk notice by S&P

businessdesk — Thu, 16 May 2013 20:50:44 +0000

The rating agency says persistent current account deficits and a heating property market are threats to the New Zealand economy.

BUDGET 2013: New RBNZ rules to be included in housing package

rhosking@paradise.net.nz — Wed, 15 May 2013 01:23:06 +0000

English: iPhone/iPad/Android Budget app will be updated Thursday

chris-keall — Tue, 14 May 2013 03:15:31 +0000

$60,000 app from Wellington's Paperkite gets a refresh.

KiwiSavers languishing as stock market booms

Niko Kloeten — Tue, 14 May 2013 02:51:46 +0000

MYOB buys Banklink for $136m: will it help counter Xero? Players react

chris-keall — Mon, 13 May 2013 22:52:50 +0000

NZ Super Fund excludes world’s biggest gold miner on ethical grounds

businessdesk — Mon, 13 May 2013 03:10:44 +0000

Canada-based mining giant's Barrick Gold human rights and environmental record cited.

Westpac management of $650m of equities goes to firm owned by former staff

businessdesk — Fri, 10 May 2013 04:00:49 +0000

Spin-off of funds management allows banks to focus on offering investments to a mass market through their customer base.

Retail card spending climbs in April – biggest gain since November

businessdesk — Thu, 09 May 2013 23:31:08 +0000

Total spending on electronic cards rose 1.1% to $5.74 billion last month.

Level of low-equity home loans fine, wary of property developers

wbutler@nbr.co.nz — Thu, 09 May 2013 03:06:31 +0000

BNZ boss: “When you look at the quality of our housing book, it’s a high asset quality – it’s very strong.”

Kiwi bounces back as jobs data underlines growth in economy

wbutler@nbr.co.nz — Thu, 09 May 2013 02:13:34 +0000

The currency climbs back to the levels of yesterday, before the RBNZ disclosed it had intervened in the foreign exchange market.

BNZ 1H earnings flat as gains offset by higher bad debt charges

businessdesk — Thu, 09 May 2013 00:00:45 +0000

The banking group's interest income rises 4.1% to $778m.

Wheeler 'not getting out big bazooka' of currency intervention

rhosking@paradise.net.nz — Wed, 08 May 2013 03:02:25 +0000

UPDATED: Reserve Bank confirms first intervention since 2007

businessdesk — Wed, 08 May 2013 02:20:49 +0000

No details on the size of the action taken in an attempt to push the kiwi lower.

Reserve Bank intervenes in currency market – kiwi tumbles

businessdesk — Wed, 08 May 2013 01:30:37 +0000

RBNZ says it has intervened in foreign exchange markets in an attempt to drive the kiwi lower. It gave no details.

Watch on farming sector after drought adds more stress

businessdesk — Tue, 07 May 2013 21:10:57 +0000

The Reserve Bank is "carefully monitoring" an already highly indebted agriculture sector as the recent drought is likely to put more strain on stretched balance sheets.

RBNZ signals lessons learned from 2003-07 boom and bust

rhosking@paradise.net.nz — Tue, 07 May 2013 21:05:01 +0000

RBNZ willing to set limits on risky lending

businessdesk — Tue, 07 May 2013 21:20:43 +0000

The Reserve Bank will impose the most controversial of its new tools – a limit on riskier mortgage lending with smaller deposits – if it judges such loans to be a "significant risk" to the country's financial stability.