Finance

Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
A rose is a rose is a rose. But not at my bank
Finance

Jenny Ruth: A rose is a rose is a rose. But not at my bank

Banks are wrongly trying to hide behind the Anti-Money Laundering and Countering Financing of Terrorism Act to bully their customers over account names.

Jenny Ruth 25 Oct 2021
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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.
BNZ hikes mortgage rates, leaves deposit rates unchanged
Finance

BNZ hikes mortgage rates, leaves deposit rates unchanged

BNZ's two-year fixed classic home loan interest rate is now 3.79%.

Staff reporters 22 Oct 2021
Kiwibank completes $250m pref share sale, rate set at 4.93%
Finance

Kiwibank completes $250m pref share sale, rate set at 4.93%

Kiwibank had the lowest tier 1 capital ratio at June 30 of all the registered banks at 11.9%.

Staff reporters 21 Oct 2021
AMP NZ suffers outflow but is attracting new money
Finance

AMP NZ suffers outflow but is attracting new money

The New Zealand fund manager managed to attract new investment of A$362 million in the September quarter, up 17% on the year-earlier quarter.

Staff reporters 21 Oct 2021