RBNZ a ‘poor communicator’ - CBL’s Harris

RBNZ a ‘poor communicator’ - CBL’s Harris
Paul McBeth
By Paul McBeth July 17 (BusinessDesk) - The Reserve Bank’s failure to communicate was a major stumbling block for failed insurer CBL Corp. Former managing director Peter Harris is adamant the insurer – now in liquidation – could’ve found a commercial solution to a sharp increase in under-reserving and rejects assertions that the firm was insolvent as far back as 2013. The failed insurer was back in the spotlight this month after the Reserve Bank released the findings of an independent review of its handling of the case. Mary Scholte...

More Finance

FNZ employee shareholders revolt over latest capital raise
Finance Exclusive

FNZ employee shareholders revolt over latest capital raise

Long-standing employees believe new raise halves their holdings.

Washington plans to open private funds to more investors
Finance

Washington plans to open private funds to more investors

 Momentum builds to change rules blocking most Americans from investing in private equity.

NZME board spill attempt - opponents near 40%
Finance

NZME board spill attempt - opponents near 40%

The bid is currently just under 11% short of the necessary numbers to succeed.

Pattrick Smellie 06 Mar 2025
Adrian Orr stands up Ben Bernanke
Finance

Adrian Orr stands up Ben Bernanke

The former Fed chair is in NZ for the central bank's marquee conference this week.

Pattrick Smellie 06 Mar 2025