RBNZ reviewing capital rules 12 November 2015 4:41PM The Reserve Bank of New Zealand has ramped up its review of capital adequacy requirements in the wake of changes by APRA after the Murray Review and new global rules announced this week for systemical.. read more
RBNZ watching loan to income ratios 12 November 2015 4:40PM The Reserve Bank of New Zealand has unveiled a new analysis of loan to income multiple data on mortgages showing around 40 per cent of new loans were written at multiples of over five times income ove.. read more
IMF suggests more NZ macro-pru 11 November 2015 4:59PM The International Monetary Fund (IMF) has suggested the Reserve Bank of New Zealand look at using more macro-prudential tools to slow down Auckland's rampant housing market if the current measures to.. read more
NZ retailers protest card fees 11 November 2015 4:55PM New Zealand's Retailers Association has launched a campaign against fees charged by credit and debt card schemes and banks that it says are higher than in similar markets such as Australia and Britain.. read more
Warehouse Money eyes NZ$600 million of loans 09 November 2015 5:07PM New Zealand's largest department store group, The Warehouse, has launched two of its own Visa credit cards aimed at building a loan book worth NZ$600 million within five years. read more
Heartland NZ details capital return 09 November 2015 5:05PM Regional bank Heartland New Zealand has announced a simplification of its governance structure, a tier two capital issue and a planned capital return. read more
'Croc' bank profits targeted in NZ 05 November 2015 5:55PM New Zealand's mutually-owned Co-operative Bank has launched an all-out attack on the Big Four Australian owned banks as Labour and Green MPs also criticised the banks' record annual profits. read more
Westpac NZ grows profit, not market share 03 November 2015 4:50PM Westpac New Zealand has posted faster profit growth than its rivals in the second half of the financial year as it chose not to chase market share growth in the hyper-competitive mortgage market. read more
Former ANZ banker launches NZ peer-to-peer lender 03 November 2015 4:46PM Prominent Auckland mortgage broker John Bolton has launched a peer-to-peer lending platform aimed at matching up savers looking for better returns than they can get from a bank with personal loan borr.. read more
ANZ NZ still growing share 30 October 2015 5:34PM ANZ New Zealand has reported a one per cent rise in cash profit between the first and second halves of the financial year as strong lending growth and flat costs were enough to offset a rise in bad de.. read more