Offshore markets open for three corporates 20 September 2010 4:28PM Last week was a good one for three Australian corporates, with three names securing debt in euros and US dollars. read more
Bollard book review: Crisis made Australian banks cooperative 17 September 2010 4:43PM The standard story of modern financial history - that Australian banks were well run and well supervised - takes a few knocks from the account of Alan Bollard, governor of the Reserve Bank of New Ze.. read more
APRA feared RBNZ action on Westpac 17 September 2010 4:42PM Australian regulators did not want the Reserve Bank of New Zealand to take action on a subsidiary in New Zealand because this could hurt the value of the parent. The revelation was made by RBNZ gove.. read more
ANZ's asset quality among the worst in NZ 15 September 2010 5:18PM ANZ National's asset quality has worsened the most this year compared with its peers - Westpac, ASB and Bank of New Zealand, due to rising impairments in its corporate exposures. read more
RBNZ to hold cash rate steady 15 September 2010 5:17PM After a reluctant rate hike at the last cash rate meeting, the Reserve Bank of New Zealand will likely keep the cash rate unchanged on Thursday as it downgrades near-term growth forecasts and also i.. read more
Hisco shifts to ANZ National 14 September 2010 4:41PM ANZ National appointed David Hisco as chief executive officer to replace Jenny Fagg, who stepped down to undergo treatment for cancer. read more
Connected exposures limit will now apply to Rabobank 08 September 2010 5:00PM The Reserve Bank of New Zealand has done away with the exemption that locally incorporated banks had on connected exposures limits when the exposure is based on a guarantee from a AAA-rated parent. read more
Major bank insurance exposures minimal 06 September 2010 4:16PM Exposure to costs associated with the Canterbury earthquake may be very limited for the four major banks in New Zealand as third parties underwrite most of their business and general insurance produ.. read more
ASB close to selling Aegis 03 September 2010 4:34PM ASB Bank is in advanced talks with Pyne Gould Corp to sell its subsidiary, Aegis, a provider of portfolio administration and reporting services. read more
Kiwibank chooses new CEO from within 02 September 2010 4:25PM The culture at Kiwibank is set to remain intact as outgoing chief executive Sam Knowles hands the baton to a person who, like him, was part of the original team that created Kiwibank. read more