Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
AMP talking to potential buyers of NZ wealth business
AMP said the divestment process of its New Zealand wealth management business is well underway and that it is "in discussions with a number of interested parties."It expects to provide a further update at or before it reports its first-half results for 2020 – that should happen i...
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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.
Primary Sector
ASB wants less dairy debt, pushes repayments
ASB Bank is actively reducing its exposure to dairy lending by "definitely encouraging" borrowers to take advantage of high commodity prices and low interest rates to pay down debt, chief executive Vittoria Shortt said.The latest results from its parent bank, Commonwealth Bank of...
Law & Regulation
Hackers steal photo ID and tax codes from 26,000 Generate KiwiSaver customers
Hackers have stolen photographic identification, tax department numbers, and personal names and addresses of some 26,000 customers of boutique KiwiSaver provider Generate in a Christmas holidays raid that targeted the most sensitive part of its website.In a statement earlier toda...
ASB's loss on Aegis sale drags down first-half profit
ASB Bank's first-half net profit fell 5 percent, mostly reflecting a loss on the sale of its funds administration business and a flat underlying result.The bank reported a net profit of $599 million for the six months ended December, including a $28 million loss from selling Aegi...
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