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NZF Group has hired a specialist financial consultancy to assist in its recapitalisation after its key subsidiary NZF Money failed to obtain the minimum BB rating that is required to get the continued.. read more

Bank of New Zealand's operating profit halved in the December 2009 quarter compared to the year before as net interest income fell and gains from financial instruments dropped significantly. read more

Growth in retail deposits at Kiwibank stagnated in the December 2009 quarter with the deposits unchanged at NZ$6.9 billion, the same level as in September 2009. In the December half year, total retail.. read more

Westpac continues to find itself frustrated with the operating conditions for its banking businesses in New Zealand, and the insistence of the local regulator on compliance with controversial conditio.. read more

Profits are recovering for ASB Bank in New Zealand, on a quarterly basis, though the CBA subsidiary reported a net loss of NZ$10 million for the December 2009 half year, having finally paid the tax an.. read more

Finance company Marac Finance, an arm of Pyne Gould Corp, will make a NZ$2.5 million provision after discovering an "irregular" business loan during an audit. read more

The diverse business models of non-bank deposit takers is posing the biggest challenge to the Reserve Bank of New Zealand, keen on imposing additional liquidity requirements for such entities. read more

Prudential policy on banking may serve as a companion tool to monetary policy, the Reserve Bank of New Zealand suggested on Friday. read more

The Reserve Bank of New Zealand made no changes to its outlook for the removal of monetary stimulus in a decision announced this morning. Recent data vindicated the doubts it seemed to have had on the.. read more

The Reserve Bank of New Zealand turned surprisingly hawkish in its monetary policy statement, indicating it would have acted more immediately on removing monetary stimulus if markets didn't do the sam.. read more