banking

Massey University associate professor David Tripe says CBA is essentially ridding itself of a problem

CBA sells tarnished life business and Sovereign at a $A300m loss

Thu 21 Sep

The CommInsure sale will staunch the reputational damage.

(Photo: Jason Walls)

Reserve Bank revamps rules for bank outsourcing to avoid failures

Thu 21 Sep 2

The Reserve Bank's revised policy tightens the rules to ensure the banks continue to function in the event of failure.

Acting Kiwibank chairman Kevin Malloy says "Shareholders have taken a long term view on the money that the bank has got from them. It’s a fluid situation."

Kiwibank mum on capital return, dividends

Mon 4 Sep 4

Wholesale market has been sympathetic to Kiwibank’s capital woes.

Acting Kiwibank chairman Kevin Malloy says the CoreMod system won’t deliver what Kiwibank needs in future

Kiwibank may have to write even more off its failed IT project

Fri 1 Sep 8

Even before the write-off, Kiwibank's profits were falling.

(Photo: Jerry Yelich-O'Connor)

BNZ 9-month profit edges up on smaller bad debt charges

Tue 29 Aug

Net profit rose 1.8% to $692 million in the nine months ended June 30.

(Photo: Jerry Yelich-O'Connor)

ANZ Bank New Zealand wants at least $100m in five-year bond offer

Tue 22 Aug 7

The Auckland-based unit has opened an offer to sell unsecured, unsubordinated fixed rate bonds maturing on September 1, 2022.

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