Finance

By Jenny Ruth | Fri, 21 Feb 2020

Kiwibank's first-half net profit fell 18 percent as its interest margin narrowed and operating costs rose but it aggressively increased market share.The bank, which is 53 percent-owned by New Zealand...

By Jenny Ruth | Thu, 20 Feb 2020

The Commerce Commission is seeking feedback on how it should assess whether lenders are "fit and proper" under a new certification regime which kicks in from April next year. Changes to the Credit...

By Gavin Evans | Wed, 19 Feb 2020

Convicted fraudster and 1980s high-flyer Allan Hawkins has been banned from any management role in a company for eight years.The order by district court judge Brooke Gibson was sought by the Commerce...

By Paul McBeth | Wed, 19 Feb 2020

The mortgage war spurred by the Reserve Bank’s interest rate cuts last year may be near an end, according to KPMG.The financial services advisory firm noted the unexpected competition that arose in th...

By Jenny Ruth | Tue, 18 Feb 2020

Heartland Group Holdings lifted first-half net profit 20.4 percent, although that was boosted by accounting changes and fair value gains and the underlying increase was closer to 7 percent. The com...

By Jenny Ruth | Mon, 17 Feb 2020

Augusta Capital said it has decided to defer the launch of its tourism fund until the 2021 financial year and therefore its adjusted funds from operations for the year ending March may be as much as 4...

By Gavin Evans | Fri, 14 Feb 2020

Share market operator NZX is picking another strong year ahead, with its funds under management already exceeding $4 billion and expectations for additional equity listings. The company today repor...

By Victoria Young | Thu, 13 Feb 2020

The new year has brought big changes for online innovators Harmoney and PledgeMe, which announced major moves today. Lending start-up Harmoney said it is quitting the peer-to-peer lending market,...

By Pattrick Smellie | Thu, 13 Feb 2020

Hackers stole photographic ID for some 10,000 of the 26,000 Generate KiwiSaver customers affected by a raid on the most sensitive part of its website over the Christmas/New Year period.The company cla...

By Jenny Ruth | Thu, 13 Feb 2020

AMP said the divestment process of its New Zealand wealth management business is well underway and that it is "in discussions with a number of interested parties."It expects to provide a further updat...