Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Finance
Cautious banks slow mortgage applications
Banks are taking five times longer to process mortgage applications than before the coronavirus crisis started and are seeking far more information on borrowers, mortgage brokers say. Bruce Patten at Loan Market said his service level agreement with one bank was that it would...
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.
Finance
Suncorp NZ remediation bill mounts
Suncorp Group’s New Zealand division expects to spend three times as much to remediate historic discounting issues, but still managed to maintain its profitability.The Australian insurer is a major player in NZ with a suite of New Zealand brands including Vero Insurance, the AA I...
Finance
Porirua money-go-round leaves investors out of pocket
Investors in an unregistered Porirua investment firm face substantial losses, with the liquidator saying it doesn't appear any actual investments were made. The dozen or so investors were enticed by the prospect of "good returns" by Options Trading and Investments NZ and told...
Finance
Inside Icehouse's 'rollercoaster' showcase
Sharesies. Crimson Education. Ethique.Apart from being successful Kiwi businesses, they also share a past as part of Icehouse Ventures’ annual showcase event, which sees a dozen or so startups pitch to about 1,000 investors for funding.Up until Auckland’s second lockdown, it was...
Prev
