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Fattening bank margins at odds with RBNZ's low rate policy

Jenny Ruth | Thu, 06 May 2021

Bank profits should fall when interest rates are falling but two of New Zealand's largest banks, ANZ Bank NZ and Westpac, are reporting improved profitability.

Final bids due in mortgagee sale of Kerr’s Arrowtown property

Final bids due in mortgagee sale of Kerr’s Arrowtown property Paul McBeth

ANZ lifts net profit 18% on covid write-backs

ANZ lifts net profit 18% on covid write-backs Jenny Ruth

Three-year pay freeze for public servants on $100,000-plus

Three-year pay freeze for public servants on $100,000-plus Pattrick Smellie

Simplicity opens 2.25% floating mortgage offer to new KiwiSavers

Simplicity opens 2.25% floating mortgage offer to new KiwiSavers Jenny Ruth

KiwiSaver providers await final default call

KiwiSaver providers await final default call David Chaplin

ASB to pay customers $8.1m for responsible lending failures

ASB to pay customers $8.1m for responsible lending failures Staff reporters

Infrastructure plans facing 'significant cost escalation'

Infrastructure plans facing 'significant cost escalation' Jenny Ruth

Westpac fattens margins despite low interest rates

Westpac fattens margins despite low interest rates Jenny Ruth

Westpac NZ doubles 1H profit, McLean to retire

Westpac NZ doubles 1H profit, McLean to retire Jenny Ruth

ANZ Bank's first-half results to be hit with A$817m of one-offs

Staff reporters | Fri, 30 Apr 2021

The New Zealand subsidiary of ANZ Bank will actually contribute a small profit from notable items.

Maharey to replace Rebstock as ACC chair

Maharey to replace Rebstock as ACC chair Staff reporters

ASB to sell $100m, maybe more, of five-year notes

ASB to sell $100m, maybe more, of five-year notes Staff reporters

Westpac's 1H profit hit by A$282m of one-off costs

Westpac's 1H profit hit by A$282m of one-off costs Staff reporters

Capital not covid reason for major dairy receivership

Capital not covid reason for major dairy receivership Victoria Young

NF Global director says he's quit, as company liquidated

NF Global director says he's quit, as company liquidated Victoria Young

'Moral-hazard madness' or just bringing NZ into line?

'Moral-hazard madness' or just bringing NZ into line? Jenny Ruth

AMP NZ's new cash outflow doubles in Q1

AMP NZ's new cash outflow doubles in Q1 Staff reporters

Planned bank deposit insurance doubled to $100k

Planned bank deposit insurance doubled to $100k Jenny Ruth

Squirrel offers 95% mortgages to first-home buyers

Squirrel offers 95% mortgages to first-home buyers Jenny Ruth

NF Global director removes files from office 'for safeguarding'

NF Global director removes files from office 'for safeguarding' Victoria Young

Heartland launches 2.75% revolving credit facilities

Staff reporters | Tue, 20 Apr 2021

Heartland only started offering mainstream home loans last year through its digital channel and its rates are the lowest in the market.

Roll on a more level playing field in banking

Roll on a more level playing field in banking Jenny Ruth

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