Moody's ups Newcastle Permanent's outlook to stable 11 March 2011 5:48PM Moody's has raised the outlook on Newcastle Permanent Building Society's rating to stable from negative and affirmed the long-term rating at A2, but it said geographic concentration of the franchise.. read more
RBNZ lowers OCR by 50 bps to match historical low 10 March 2011 6:13PM The Reserve Bank of New Zealand this morning cut its official cash rate by 50 basis points, to 2.50 per cent, thus reversing the two hikes it made around mid-2010, and citing the Christchurch earthqua.. read more
ABS funding working for Macquarie 09 March 2011 5:41PM Macquarie is riding the rising demand for securitisation of equipment lease receivables in the US with the launch of another series - just a fortnight after making a similar issuance. Macquari.. read more
RBNZ to take rates back to GFC levels 08 March 2011 5:10PM The Reserve Bank of New Zealand is set to become the first major central bank to take its official cash rate back to the historically low level seen during the global financial crisis, as an already.. read more
Kangaroos pause while banks dominate issuance 07 March 2011 5:41PM The recent burst in Kangaroo issuances by supranational agencies came to a halt last week when the Australian Prudential Regulation Authority said that bonds from such issuers won't qualify as liqui.. read more
Shift in two-brand strategy for ANZ means one may go 07 March 2011 5:37PM Eight years after the acquisition of The National Bank in New Zealand, ANZ may be coming to the view that the "competing" two-brand strategy can't work in the longer term. It may be time to give up.. read more
NZ RMBS monitored for earthquake impact 07 March 2011 5:36PM With the full impact of the September 2010 earthquake on New Zealand RMBS issuances yet to be studied, ratings agency Fitch said it will now monitor transactions for the additional impact of the mor.. read more
Heartland bank's liquidity comfortable, but funding highly concentrated 04 March 2011 5:38PM Combined Building Society, the New Zealand entity aspiring to become Heartland Bank, says it is in a strong liquidity position. Thirty-two per cent of total liabilities, or more than NZ$300 million,.. read more
ANZ, BNZ pay NZ$593m dividend 04 March 2011 5:37PM Just a quarter of the current financial year has passed for three of the four major Australian banks, and two of them are already paying NZ$593 million as a dividend. read more
Downgrade for NZF subsidiary 04 March 2011 5:33PM Finance company NZF Money has had its rating downgraded by Standard & Poor's by two notches, serving as a reminder that this sector has yet to come out of woods after the spate of collapses during t.. read more