Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
News in Brief
First $40m of RBNZ's FLP drawn down
The first $40 million drawdown under the Reserve Bank's funding-for-lending programme occurred on Friday.
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.
Westpac manages to trim AGM to three hours
Westpac's annual meeting lasted only three hours this year, half the length of last year's, but many of the same questions were raised.
Retail
Crackdown on contactless fees
Fees will be capped to try and bring down the high-cost NZ retailers pay for contactless transactions.
Law & Regulation
RBNZ calls for submissions on reinstating LVR restrictions
The Reserve Bank is seeking submissions on reinstating loan-to-valuation-ratio restrictions on bank lending from March 1, 2021.
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