Briefs: Banks need to make prefab finance stack up, foreign buyers ban to have significant effect in 27 June 2018 4:58PM Up to 80 per cent of the homes built under the New Zealand government's KiwiBuild affordable homes scheme may be prefabs, and banks operating in the market need to work on how they will finance purcha.. read more
Foreign News: Digital could break the banking system "in a good way", Brexit moves 27 June 2018 4:53PM A report from the European Union into central bank-backed digital currencies says they could pave the way for a more stable financial system - by disrupting the banking system. read more
Briefs: Kiwi bank staff report increased pressure to make sales 26 June 2018 4:56PM A survey by First Union in New Zealand of 600 BNZ, Westpac and ANZ staff found that 87 per cent felt under pressure to sell product to customers, and half said the pressure had increased over the past.. read more
Foreign News: Big win for credit card companies over merchant terms, big package for HSBC hire 26 June 2018 4:54PM In a major victory for credit card companies, the US Supreme Court has ruled that American Express can block merchants from steering customers to use cheaper credit card payments methods. read more
Brief: On site visits by Kiwi regulators 25 June 2018 3:46PM Banks in New Zealand have been told they will be getting on-site visits by the Financial Markets Authority and Reserve Bank New Zealand. read more
Briefs: Westpac caught up in Credit Corp accusations 22 June 2018 4:38PM Lender and debt collector Credit Corp Group has halted trading on the ASX after a report accused it of using legal loopholes to avoid having its Wallet Wizard business classed as a payday lender. read more
Foreign News: Anglo Irish Bank ex CEO jailed, US banks pass stress tests 22 June 2018 4:36PM The former chief executive of Anglo Irish Bank, David Drumm, has received a six-year prison sentence after his conviction for fraud and false accounting at Ireland's failed lender. read more
Briefs: CBA execs to miss bonuses, CEOs doing the rounds in Canberra, NAB has its own AUSTRAC woes 21 June 2018 5:10PM Cases such as the now settled Austrac case against CBA have so battered the group's share price that it's highly unlikely any CBA senior execs will get any benefit this year under the bank's Group L.. read more
ANZ appoints new group treasurer to replace Moscati 21 June 2018 4:59PM ANZ has once again called on its experienced balance sheet manager Adrian Went to step into the group treasurer role from July - and this time it looks permanent. read more
Foreign News: Deutsche fined over forex violations, Paypal buys up, job cuts at Lloyds, one big bran 21 June 2018 4:53PM Deutsche Bank has been fined US$205 million for violating New York banking law in its foreign exchange trading business. read more