Finance

Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
UBS to buy Credit Suisse in $5.3b deal to end crisis
Finance

UBS to buy Credit Suisse in $5.3b deal to end crisis

UBS is to take over Credit Suisse with billions in SNB, state support, but holders of risky bonds face a $17b wipeout.

Bloomberg 20 Mar 2023
Finance sponsored by
First Mortgage Trust
First Mortgage Trust is an investment manager that specialises in property lending. For nearly 30 years we’ve been helping New Zealanders protect and grow their wealth.
Bloomberg: A brief history of bank bailouts
Finance

Bloomberg: A brief history of bank bailouts

As UBS prepares to buy Credit Suisse for a song, Bloomberg's Thyagaraju Adinarayan reprises a recent history of distressed bank rescues.

Bloomberg 20 Mar 2023
NZ businesses 'woefully behind' in global sustainability
Sustainable Finance

NZ businesses 'woefully behind' in global sustainability

A dearth of long-term climate policy is one reason why NZ businesses lag the world in sustainable practice, says EY's Gerri Ward.

Greg Hurrell 20 Mar 2023
When the mirage of market value changes meets reality
Opinion

Jenny Ruth: When the mirage of market value changes meets reality

Accounting rules don’t appear to be serving investors very well, boosting property companies' supposed “profits”.

Jenny Ruth 20 Mar 2023