Watson appointed ANZ New Zealand CEO
Antonia Watson has been appointed the permanent chief executive of ANZ New Zealand, replacing David Hisco, who departed amid an expenses scandal in June.
Kiwibank and SBS near FAP licensing decision
Kiwibank and SBS Bank are close to deciding how they will treat financial advice provider licence holders under the new regulatory regime.
ANZ's chair Gonski delivers a mea culpa to shareholders
ANZ Bank's annual shareholders' meeting was by no means as acrimonious as Westpac's last week but chair David Gonski adopted a conciliatory and contrite attitude.
Non-bank lending soars
Non-banks ramped up lending by nearly 10% in the year to June as traditional lenders maintained tight controls, according to a new report from KPMG.
Economists revise OCR outlook
Leading economists have revised their predictions for the official cash rate next year, predicting less action from the Reserve Bank in the next 12 months.
Reserve Bank demands improvements from ANZ
The Reserve Bank has demanded ANZ makes improvements to its internal processes after a spate of recent scandals.
Home a-loan this Christmas
Milford Asset Management portfolio manager Michael Higgins explains why mortgage brokers have become so dominant in Australia.
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Home a-loan this Christmas
Milford Asset Management portfolio manager Michael Higgins explains why mortgage brokers have become so dominant in Australia.
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Short term the cheapest option over next five years: ASB
Rolling short-term mortgages could be the cheapest option for borrowers over the next five years, according to analysis from ASB.
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ASB and Westpac delay licensing decision
Advisers face a further wait to discover ASB and Westpac's stance on FAP licensing under the new regulatory regime.
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SHARE becomes mortgage aggregator
Co-operative adviser group SHARE has become a mortgage aggregator in its own right after ending its ties with The Mortgage Supply Company.
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Warning on borrowing rates
The Reserve Bank's new capital regime will lead to greater increases in borrowing rates than its estimate, economists have warned.
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Putting RBNZ's new capital rules into perspective
There's been a lot written about the Reserve Bank's new capital rules for banks and some of it seems to miss the mark. Here's my take after hearing from the governor yesterday.
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Advisers share top concerns
Tightening credit, bullish investors pushing FHBs out of the market, and demand outweighing supply in the housing market are key concerns for advisers according to a survey conducted by leading economist Tony Alexander.
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Reserve Bank reveals new capital rules
Banks will be forced to raise close to $20 billion in extra capital to comply with the Reserve Bank's new requirements, the central bank revealed today.
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OCR to trough at 0.75%: ASB
ASB has changed its official cash rate forecast and now predicts the Reserve Bank will cut rates by just 25 basis points in 2020.
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Advisers face New Year cash squeeze: Prospa
Non-bank lender Prospa has launched an offer to help mortgage advisers with cash flow issues through the quiet January period.
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Finance clause change to hit home buyers: REINZ
Home buyers will no longer be able to use a finance clause to pull out of a property purchase without proof, the Real Estate Institute of New Zealand has warned.
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Rate cuts continue despite RBNZ decision
Lenders continue to cut mortgage rates as the property market heads into the summer, despite the Reserve Bank's decision to keep the official cash rate on hold.
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LVR speed limits kept on hold
The Reserve Bank has kept LVR speed limits on hold amid fears low interest rates "could lead to a resurgence in higher-risk lending".
