Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Finance
S&P takes dim view on AMP rating
International ratings agency Standard & Poor's said AMP's creditworthiness is likely to fall one or more notches after the AMP Life sale has been completed because of the weaker credit quality of the remaining operations.S&P currently rates AMP and other group businesses,...
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First Mortgage Trust
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Finance
Kiwibank slashes its floating rate mortgage to 3.4% as market shrinks
Kiwibank has slashed its variable mortgage interest rate by a percentage point at a time when the market contracted as a result of the coronavirus crisis.
Finance
Insurers have leaned on actuaries – RBNZ review
Actuaries have quit rather than give in to pressure from insurance companies to change their advice and, in at least one case, an insurer sacked their actuary. That’s among the findings of the Reserve Bank’s review into the role of appointed actuaries, who are tasked with meas...
Finance
Cash loses currency in covid era
The Reserve Bank poured more than half a billion of extra cash into circulation expecting an “unprecedented” demand for physical currency in the lead up to the national lockdown. While it appears that the central bank was preparing for serious disruption to the cash supply dur...
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