28

Taranaki-based TSB Bank has effectively pulled out of New Zealand's fastest-growing and largest mortgage lending market, saying it can't compete with the four major Australian-owned banks and their.. read more

The Reserve Bank of New Zealand could announce that within days it will be using one of its new macro-prudential tools to reduce risks to banking system stability from any future slump in an over-va.. read more

Auckland point-of-sale payment system provider SmartPay has reported a profit turnaround and plans further expansion in Australia, along with a listing on the Australian Securities Exchange by mid-Ju.. read more

New Zealand's Heartland Bank has stopped offering its own mortgages and will, instead, introduce home-borrowers to Kiwibank, so it can focus on other lending. read more

Standard & Poor's has changed the outlook for its A+ credit ratings for Kiwibank and state-owned parent NZ Post to negative from stable, saying there is a one in three chance of a rating cut in.. read more

The New Zealand Government has announced plans to form partnerships with non-governmental organisations and financial institutions to offer micro-finance to low-income families. read more

New Zealand Revenue Minister Peter Dunne has announced moves to minimise costs for New Zealand banks wanting to comply with the US Foreign Account Tax Compliance Act (FATCA) laws. read more

The Reserve Bank of New Zealand has agreed a memorandum of understanding with Finance Minister Bill English that will give the bank the power to limit low equity mortgages as soon as July. read more

Standard and Poor's has cut the outlook for its ratings on eight small New Zealand banks to negative, saying the ratings were vulnerable to a one or two notch downgrade within the next two years if.. read more

New Zealand banks have expressed concern over the Reserve Bank of New Zealand's decision to increase capital requirements for its four biggest banks for those mortgages with high loan-to-valuation r.. read more