Even the dealmakers are getting back to basics

Even the dealmakers are getting back to basics
The heart of Auckland's professional advisory firms. (Image: Precinct Properties)
Paul McBeth
Dealmakers have been in clover for the past couple of years as cheap money pushed up the price of everything – mergers and acquisitions included. So it was no surprise that the local arms of investment banks Goldman Sachs and UBS reported an uptick in fees in calendar 2022. For Goldman, investment banking income was up 30.8% to $35.9 million, helping drive a more than threefold increase in profit to $18.2m, whereas UBS lifted net fees and commission income 79.6% to $26.4m, reporting a loss of $830,000 as it paid $12.8m in fees t...

More Finance

Court funding miss ‘undermines market confidence’
Finance

Court funding miss ‘undermines market confidence’

Plenary and Infrastructure NZ wrote to ministers over PPP ‘disappointment’.

Phasing out $6b capital layer unlikely to dent banks’ ratings
Finance

Phasing out $6b capital layer unlikely to dent banks’ ratings

Banks’ credit ratings likely unmoved if Additional Tier 1 capital phased out. 

‘Unusual’ volume of CCCFA changes in focus
Finance

‘Unusual’ volume of CCCFA changes in focus

Select committee mulls proposed changes to CCCFA, to report recommendations Oct 20.

Andy Macdonald 16 Sep 2025
Banks revise economic outlooks for Q2 GDP contraction
Finance

Banks revise economic outlooks for Q2 GDP contraction

Economists now see NZ's GDP contracting in Q2, but doubt a technical recession in Q3.

Andy Macdonald 15 Sep 2025