Finance

Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Westpac fattens margins despite low interest rates
Finance

Westpac fattens margins despite low interest rates

Westpac's results show mortgage lending has been brisk but Massey University banking professor David Tripe says the market is suffering from a lack of competition.

Jenny Ruth 04 May 2021
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Westpac NZ doubles 1H profit, McLean to retire
Finance

Westpac NZ doubles 1H profit, McLean to retire

Simon Power will be acting chief executive from June 25 while the bank undertakes a global search for a permanent replacement. 

Jenny Ruth 03 May 2021
ANZ Bank's first-half results to be hit with A$817m of one-offs
Finance

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

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

Staff reporters 30 Apr 2021
Maharey to replace Rebstock as ACC chair
Finance

Maharey to replace Rebstock as ACC chair

Former senior minister in the Helen Clark Labour-led government, Steve Maharey, appointed to ACC.

Staff reporters 29 Apr 2021