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Despite indicating the pressure on its performance from the Reserve Bank's new liquidity norms, Kiwibank's liquidity ratios were well above the minimum norms set by the central bank. read more

South Canterbury Finance, New Zealand's largest finance company deemed too-big-to-fail finally collapsed, but not before the government stepped in with a disguised bail-out to ensure minimal disrupt.. read more

The New Zealand government eased its guarantee rules for all guaranteed finance companies and non-guaranteed deposits will also henceforth be covered by the guarantee. read more

ANZ National Chief Executive Jenny Fagg stepped down from her position to undergo treatment for cancer and Deputy Chief Executive Steven Fyfe will assume the acting role during her absence. read more

A surge in other operating income and a small rise in the impairment provision led to improvement in ANZ National's profitability in New Zealand in the recent quarter. read more

With less than two months to go for the expiry of the New Zealand government's retail guarantee scheme and with just a handful approved for extension, worries are growing that the finance sector wil.. read more

TSB Bank's continued focus on raising funds via retail deposits and lending conservatively means the bank hasn't maximised its profits. read more

A last-minute desertion by its parent, Allied Farmers, has forced finance company Allied Nationwide to fall into receivership, leaving taxpayers to bear the burden of repaying its debentures. read more

A fall in the impairment provision offset the drop in net interest income for Westpac New Zealand, thus contributing to an increase in net profit in the nine months to June 2010. read more

Westpac NZ branch will have to transfer its entire deposits and loans, and half of the funding from group entities, to meet the requirements of the new operating model for its businesses in New Zeal.. read more