Wholesale margins high at Westpac NZ

The quarterly disclosure document for one of Westpac's two banking arms in New Zealand provides a window into the profit margin earned on one segment of wholesale banking activities, and which exceeds.. read more

Solvency support for insurer AMI explained

The Reserve Bank of New Zealand estimated Christchurch home insurance firm AMI had net assets of between NZ$200 million and negative NZ$1 billion following the February earthquake in an assessment p.. read more

Cash out elbows ATMs aside

"Cash out" at Eftpos is making gains as a supplier of cash for everyday use, a trend that may be contributing to a decline in the number of automatic teller machines. read more

Development finance and floods hurt Suncorp

Further strife concerning loans to property developers in New South Wales and a rise in arrears in the flood-affected areas of its home state of Queensland have eroded credit quality at Suncorp Bank.. read more

Kinghorn sells out of RHG

John Kinghorn, the founder and still chair of the board of RHG, has this week sold all his 11.6 per cent take in the company in an on-market sale. read more

Back in black at Amex and Diners

Receivables declined for American Express and Diners Club in the 2010 financial year, a sign of caution on the part of their mostly corporate client base and of the two charge card financiers themse.. read more