Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Finance
Borrower demand fell more than bank's willingness to lend - RBNZ
Demand for residential mortgages and personal loans contracted more than banks' willingness to provide them in the six months ended June while demand for capital spending loans from business also shrank but demand for working capital loans and stand-by facilities rose. Demand...
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Finance
Metlifecare and EQT enter new $6 per share takeover agreement
Metlifecare said it has entered into a new scheme of arrangement with Swedish company EQT to buy all its shares for $6 each, a dollar less than the earlier deal EQT had repudiated, but only four of the company's six directors are supporting the offer. The new price values Metl...
Finance
NZ banks' credit losses to rise to 12x 2019 level - S&P
New Zealand banks' credit losses will rise to about 12 times those in 2019 before easing because of the coronavirus crisis, according to international ratings agency Standard & Poor's. "A contracting economy, rising unemployment and weak consumer and business sentiment will af...
Finance
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David Chaplin: DAVID CHAPLIN: On custody: how Barry Kloogh ponzied off-platform
The clue is in the custody.Among that $15 million worth of bad news handed down last week by the NZ Insolvency and Trustee Service to investors who trusted Dunedin financial adviser, Barry Kloogh, there is, if you dig deep enough, one glimmer of optimism. According to the second...
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