
Sector weighs Reserve Bank lending tools
Regulating loan-to-value ratios would not be the Reserve Bank's favoured option, believes the Bankers' Association.
Regulating loan-to-value ratios would not be the Reserve Bank's favoured option, believes the Bankers' Association.
The Reserve Bank has released a consultation paper on the macro-prudential instruments it wants to add to its toolbox.
Commodity prices rose in February but the strength of the local currency meant they were flat in kiwi dollar terms.
Ex-Shareholders' Association chairman Bruce Sheppard says he hasn't even thought about making a settlement offer to Mark Hotchin and Eric Watson in his defamation case.
Four Lombard Finance directors could face tougher sentences as their case goes to the Court of Appeal this week.
The higher the exchange rate is, the lower interest rates can be, writes Brian Fallow. Asset price inflation, in the Auckland housing market at any rate, is alive and well.
Profits in the finance sector rocketed up last year despite New Zealand's sluggish economic growth with the banks making close to $3.7 billion.
Good news, bad news - Fisher Funds buying Tower's investment business means it will stay local, but there'll be less competition.
A man alleged to be a prime mover in the failed Five Star group did not help to prepare allegedly misleading offer documents, a court has heard.
Today's banks are complex. Over the years they have grown from small retail operations into sprawling financial institutions, along the way acquiring other businesses, inheriting product lines and processes.
Another company linked to Dame Jenny Shipley is under pressure and may be forced to stop operating by September if it cannot meet new Reserve Bank requirements.
ANZ plans to cut 23 workers from its Auckland offices and outsource the work to India. The bank, which also confirmed 70 job cuts in Australia today.
A sense of deja vu pervaded the High Court at Auckland yesterday afternoon as a witness in the new Dominion Finance trial appeared again before a different judge.
The trial of three men associated with the collapsed firm Dominion Finance will restart today after the original High Court judge hearing the case stood down last week.
At what stage does an SME generally seek a new shareholder or some form of external finance?