Moody's upgrades Kiwibank rating 27 February 2015 5:29PM Moody's Investors Service has upgraded Kiwibank's financial strength rating to C- from D+ and affirmed its Aa3 senior unsecured and issuer ratings after the state-owned New Zealand bank reduced its re.. read more
Kiwibank to start paying dividends 24 February 2015 5:33PM Almost thirteen years after it was launched to provide home-grown competition for New Zealand's Big Four Australian-owned banks, Kiwibank is set to begin paying dividends and no longer requires capita.. read more
Banks readying for sea-level erosion of property values 20 February 2015 4:43PM Insurers and banks are beginning to focus on the risks of rising sea levels for property values, New Zealand's Parliamentary Commissioner for the Environment has warned ahead of the release of a detai.. read more
ANZ NZ profit flat 18 February 2015 5:10PM ANZ New Zealand's cash profit was flat in the first quarter from a year ago after a turnaround in bad loans overwhelmed the ongoing benefits of net interest income growth and tight cost control. read more
Westpac settles NZ mis-selling case 18 February 2015 5:07PM Westpac New Zealand has agreed to a NZ$2.97 million settlement deal to end an investigation into its marketing, promotion and sale of interest rate swaps to farmers between 2005 and 2012. read more
ASB profit up strongly 12 February 2015 5:29PM Commonwealth Bank of Australia's New Zealand operations reported a 23 per cent improvement in cash profit in the first half, thanks to a rising net interest margin and growth in market share in rural.. read more
RBNZ eyeing more macroprudential tools 11 February 2015 4:41PM New Zealand Finance Minister Bill English, who has to be consulted by the Reserve Bank of New Zealand on any new macroprudential policy moves, says the bank is building its case for new measures to co.. read more
Wheeler warns banks on house price inflation 05 February 2015 4:02PM Reserve Bank of New Zealand Governor Graeme Wheeler has warned banks he is watching how they're contributing to resurgent inflation in Auckland's over-valued housing market, but has stopped short of s.. read more
McLean named permanent Westpac NZ CEO 03 February 2015 4:21PM Westpac has appointed local institutional banker David McLean as its permanent New Zealand chief executive after eight months acting in the role. The appointment ends a six month search across the res.. read more
Swiss shock breaks NZ broker 19 January 2015 5:06PM New Zealand registered foreign exchange broker Global Brokers NZ Ltd collapsed on Friday after the Swiss National Bank's shock decision to remove its peg to the euro wiped out client accounts. read more