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.
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.
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.
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.
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.
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.
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.
More stories
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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".
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Westpac NZ plays down impact of money laundering scandal
Westpac Bank chief executive Brian Hartzer has resigned after the lender was embroiled in a money laundering scandal, but the bank says the issue will not impact operations in New Zealand.
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Investor lending on the increase
Latest Reserve Bank data shows Investor lending jumped to its highest level for over a year in October, as overall lending soared last month.
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LVR restrictions to stay put: Westpac
Westpac economists believe the Reserve Bank will keep LVR speed limits at their current levels, amid fears over house price stability.
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NZCU Baywide buys Co-op Money NZ
Credit union NZCU Baywide has acquired Co-op Money NZ, the supplier of infrastructure and banking services to the nation's credit unions and building societies.
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Assets rise, losses narrow at General Capital
The parent group of non-bank General Finance saw a sharp increase in total assets and revenue over the first six months of the year, but made a loss over the half year period.
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BNZ censured over capital failings
The Reserve Bank will increase its supervision of BNZ after capital modelling errors were found.
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Mortgage rates may be at cycle low: ASB
It is "quite possible" fixed rate mortgages have hit their lowest point in this cycle, according to economists at ASB.
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Kiwibank slashes one-year mortgage to new low
Kiwibank has cut its one-year fixed term to 3.39%, a new low, despite the OCR remaining on hold.
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Dealer groups warn of rising costs under new regime
Dealer groups say the cost of membership is likely to rise under the new regulatory regime, with estimates ranging from $3,000 to $21,000 extra per year.
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Westpac plans turnaround time overhaul
Westpac has introduced a new mortgage approval system to cut turnaround times, sending loan applications to local branches for completion.
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Awesome end to TMM Better Business conference
Here's a little video of the final session of the TMM Better Business conference.
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Wholesale interest rates rise after OCR decision
Wholesale interest rates have jumped after the official cash rate was kept on hold, sparking fears of rising mortgage rates.
