14

Westpac NZ’s repatriation of its liquidity model from its parent to New Zealand and other risk management enhancements have led to an improvement in its liquidity control environment after years of on.. read more

Jeff Smith, the chief operating officer of World Fuel Services Corp, has been nominated for the ANZ board. read more

Westpac has commissioned UK tech company 10x to provide the core technology for a new institutional transaction platform. read more

Police Bank has announced that it will increase home loan interest rates by 20 basis points, making it the only lender so far not to pass on the full 25 bps cash rate hike. read more

New Zealand has passed new legislation to regulate merchant service fees. The Retail Payment System Bill passed its third reading yesterday, with Commerce and Consumer Affairs Minister David Clark cla.. read more

Yellow Brick Road has launched its digital mortgage broking business Y Home Loans, announcing yesterday that the website and mobile app are live. read more

Mortgage and Finance Association of Australia chief executive Mike Felton is stepping down after five-and-a-half years in the role. read more

New Zealand house prices are up to 20 per cent above “sustainable” levels, says the RBNZ.  read more

Businesses have increased the size and frequency of their claims by 25 per cent in the three months to March 2022, while collections are up by 30 per cent against the previous quarter.  read more

The latest quarterly Mortgage Insights report from digital property exchange PEXA has shown new loan volumes largely unchanged from the previous corresponding period a year ago. read more