Innovation and additional product offerings are key areas of focus for the non-bank sector as they look to shore up growth in the face of ongoing disruption from P2P lenders.
It has just been announced that The Co-Operative Bank’s chief executive, Bruce McLachlan, has resigned.
Paul Goldsmith is now the former Minister of Commerce following Prime Minister Bill English's Cabinet reshuffle.
The Christchurch-based Lifetime Group is set to become a bigger player in the mortgage broking market after its most recent deal.
The Year of the Rooster (2017) is shaping up as a positive one for non-bank or second tier lenders, albeit against a backdrop of dwindling funds and the prospect of rising interest rates.
The goodies under the Christmas tree are a mixed bag as we come to the end of the year.