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ANZ Bank New Zealand has completed the sale of its vehicle and asset finance business UDC Finance to Shinsei Bank for NZ$794 million following Overseas Investment Office (OIO) approval. read more

ANZ confirmed that Paul O’Sullivan will replace David Gonski as chair of the bank “at the finalisation of the full year results on 28 October”. read more

Eftpos is ramping up its digital payments offering for merchants “wanting more choice and potential savings”. read more

Reserve Bank of New Zealand Chief Economist Yuong Ha said in a Reserve Bank online seminar on Friday that the bank was actively looking at ways to take the Official Cash Rate into negative territory i.. read more

Insurance Australia Group has completed a $450 million issue of subordinated debt securities – up from $300 million at launch. read more

Former Rio Tinto chief financial officer Chris Lynch has joined the Westpac board. read more

Openpay has appointed Jussi Nunes as its chief financial officer. read more

The Reserve Bank of New Zealand eased monetary policy more than expected yesterday by increasing its Quantitative Easing programme from NZ$60 billion to $100b and foreshadowing a ‘Funding for Lending.. read more

A five-fold increase in impairment losses for Lysaght Credit Union is one highlight from the first ADI result of this reporting season. read more

BNK Banking Corporation has appointed Brett Morgan as its chief executive. read more