The bank has also called for amendments to capital settings to bring ‘true proportionality’.
The bank has told a select committee inquiry it isn't happy being ranked fourth in NZ.
Stefan Boisen talks debt, investment banking, Trump, and 50 years of business in New Zealand.
Devon had held a New Zealand active equities mandate since 2011, managing assets worth $202m.
High profits help keep the cost of offshore funding down, says chair Dame Therese Walsh.
Geneva Finance subsidiary Quest Insurance breached solvency standards in 2022, says regulator.
$500m scheme documents now under review by Reserve Bank, six years on from initial proposal.
New Zealand Agri Brokers says the select committee inquiry should delve into structural issues rather than profits.
The next 20 years won’t be as easy as the past 20, it says.
Payout by Crown-owned trustee business follows pressure from the Government.