BNZ court claim must go back to drawing board

BNZ court claim must go back to drawing board
Victoria Young
A High Court judge has told a company trying to sue BNZ and Smartpay to go back and replead its case, after it emerged the company’s founder made the claim without a lawyer, which is against the rules.  Optimizer HQ, the company behind Swipe HQ, claimed it had a deal with BNZ to provide payment services including mobile eftpos. The company, founded by Manas Kumar,  said the bank and Smartpay conspired against it, which ultimately put it out of business.The case had a preliminary hearing last month in the High Court at Auckl...

More Finance

Cautious lending keeps lid on default rates – Reserve Bank
Finance

Cautious lending keeps lid on default rates – Reserve Bank

Non-performing mortgages have overtaken Covid levels.

Jem Traylen 01 May 2024
'Confirmation of payee' anti-scam measure inches closer
Finance

'Confirmation of payee' anti-scam measure inches closer

Banks are getting closer to implementing anti-scam “confirmation of payee” measures.

Dileepa Fonseka 30 Apr 2024
UBS NZ returns to profit
Finance

UBS NZ returns to profit

Operating income was up 51.8%, rising from $31.9m in 2022 to $48.5m in 2023.

Murray Jones 30 Apr 2024
Matt Whineray to chair new FirstCape Group fund manager and adviser
Finance

Matt Whineray to chair new FirstCape Group fund manager and adviser

The new entity aims to scale up advice and fund management services in NZ.

Staff reporters 23 Apr 2024