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The New Zealand Government yesterday rescued AMI Insurance, the second largest general insurer in the country. read more

A portfolio of logistics businesses will be used to prop up the balance sheet of the loss-making South Canterbury Finance. The Timaru-based financier, however, still needs more capital, which it is se.. read more

Pyne Gould Corp, which owns Marac Finance, yesterday announced an overhaul of its operations and assets that will see Marac pull out of property lending and apply for a banking licence. read more

Bank of New Zealand reduced its executive committee to six from nine and hired an executive with no banking experience as chief operating officer. read more

The New Zealand Parliament's Finance and Expenditure Committee yesterday issued a report challenging Australian-owned banks to pass on more of the April 30 cut in the official cash rate and to treat N.. read more

John Whitehead, secretary of New Zealand's Treasury, yesterday called for debate over the introduction of capital gains on investment property. read more

The Reserve Bank of New Zealand reaffirmed its direction to banks to lengthen the maturity of their foreign funding and to raise funds more from local retail sources. read more

The Reserve Bank of New Zealand has suggested that a few small building societies and credit unions may have to raise capital to meet new capital requirements being imposed on non banks as the Reserve.. read more

Few lenders, and no large bank, has cut variable interest rates on home loans in New Zealand in the two weeks since the RBNZ cut the official cash rate by 50 basis points to 2.5 per cent. read more

New Zealand's finance minister, Bill English, has written to the chief executives of the three big government-owned fund managers to ask them if they are taking on too much risk, which has raised conc.. read more