Finance

Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
NZ King Salmon CEO Grant Rosewarne resigns abruptly
Finance

NZ King Salmon CEO Grant Rosewarne resigns abruptly

The fish farmer's boss is leaving today after 13 years in the role. 

Riley Kennedy 01 Nov 2022
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.
Reserve Bank stress test shows more bank capital is unneccesary
Opinion

Jenny Ruth: Reserve Bank stress test shows more bank capital is unneccesary

The costs of the additional capital the banks must hold could result in higher interest rates and lower economic growth.

Jenny Ruth 01 Nov 2022
NZ banks sail through stress test – again
Finance

NZ banks sail through stress test – again

The banks would still have more than the minimum required capital in the “severe but plausible” scenario the Reserve Bank asked them to model.

Jenny Ruth 31 Oct 2022
Seisma Group completes $8.5m takeover of Fronde
Finance

Seisma Group completes $8.5m takeover of Fronde

The Australian IT services firm officially launched its takeover bid for the Wellington-headquartered company in September.

Riley Kennedy 31 Oct 2022