Resimac moves into asset finance
Australian non-bank lender Resimac has moved into the asset finance sector with the acquisition of finance company IA Group.
Westpac given all-clear on capital
Westpac New Zealand has retained its accreditation to use its own capital model after completing a "remediation process" enforced by the Reserve Bank.
LVR rules could be permanent: Bascand
LVR restrictions on mortgage lending could be a "permanent setting", according to Reserve Bank deputy governor Geoff Bascand.
I hope you can help me fundraise $20,000 to help mend broken hearts
The Co-Operative Bank chief executive David Cunningham is aiming to fundraise $20,000 to help mend broken hearts. Here's his message:
BNZ finds partner for shared ownership scheme
BNZ has partnered up with finance company YouOwn on a shared ownership scheme aimed at first home buyers.
Capital rules to have minor impact on interest rates: RBNZ
The Reserve Bank believes its capital adequacy proposals will only have a "minor impact" on borrowing rates, amid fears they will cause rates to increase significantly.
Key RBNZ changes edge closer
The Reserve Bank has moved closer to putting its "dual-mandate" employment and price stability objectives into law, and has taken further steps to establish a Monetary Policy Committee to make key decisions.
More stories
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Resimac moves into asset finance
Australian non-bank lender Resimac has moved into the asset finance sector with the acquisition of finance company IA Group.
-
Westpac given all-clear on capital
Westpac New Zealand has retained its accreditation to use its own capital model after completing a "remediation process" enforced by the Reserve Bank.
-
LVR rules could be permanent: Bascand
LVR restrictions on mortgage lending could be a "permanent setting", according to Reserve Bank deputy governor Geoff Bascand.
-
I hope you can help me fundraise $20,000 to help mend broken hearts
The Co-Operative Bank chief executive David Cunningham is aiming to fundraise $20,000 to help mend broken hearts. Here's his message:
-
BNZ finds partner for shared ownership scheme
BNZ has partnered up with finance company YouOwn on a shared ownership scheme aimed at first home buyers.
-
Capital rules to have minor impact on interest rates: RBNZ
The Reserve Bank believes its capital adequacy proposals will only have a "minor impact" on borrowing rates, amid fears they will cause rates to increase significantly.
-
Key RBNZ changes edge closer
The Reserve Bank has moved closer to putting its "dual-mandate" employment and price stability objectives into law, and has taken further steps to establish a Monetary Policy Committee to make key decisions.
-
HSBC drops rates to 3.95%
HSBC is the latest lender to drop rates, cutting its one, two and three year interest rates to 3.95%
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Royal Commission report due on Monday
The final report from Australia's Royal Commission into the financial services sector is due to be published on Monday afternoon.
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Sub-4% rates over for SBS, TSB
Two smaller banks have followed the big four in ending their sub-4% special rates, as mortgage rates creep up to more normal levels.
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BNZ pledges $3.8 million after error
BNZ is set to refund more than 10,000 mortgage customers after making a series of errors with documentation.
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HSBC one year rate down to 3.79%
HSBC has cut its special one year fixed mortgage rate to 3.79%, as lenders dive in to the low interest rate environment.
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D-day looming for bank conduct report
The Financial Markets Authority (FMA) and Reserve Bank will be releasing their report into bank conduct and culture in New Zealand banks on Monday.
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KiwiBuild extends to Mt Albert
The Ministry of Housing and Urban Development is building 18 new KiwiBuid apartments in Mt Albert, Auckland, as the government-backed housing scheme ramps up.
