Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Opinion
David Chaplin: DAVID CHAPLIN: Done too much, much too young - KiwiSaver's teen angst
The luck had to run out some time. And in 2020, at the appropriate age of 13, the charmed run has ended for KiwiSaver.
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Services
SBS, Cooperative banks expect little impact from Fitch downgrade
SBS Bank and Cooperative Bank expect little immediate impact from Fitch Ratings downgrading their subordinated debt to below investment grade. Fitch affirmed both banks' main "BBB" ratings although it changed the outlook to negative because of the economic impact of the corona...
Law & Regulation
Winners and losers of FMA levy hike
The financial services industry must cough up more cash for its watchdog because the government is cutting the amount it funds the Financial Markets Authority to 17 percent of its total budget by 2023. The government currently pays 25 percent of the Financial Markets Authority...
Services
Fitch adopts negative outlook on TSB, SBS, Co-op and others
Fitch Ratings has revised its outlook to negative from stable for the ratings of the three smaller locally-owned banks - TSB Bank, SBS Bank and Co-operative Bank - in case the fallout from the coronavirus crisis is worse than its base case projections.The international ratings ag...
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