Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Finance
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...
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Finance
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...
Finance
NZ's four major banks to cut branch numbers to 50 each by 2030: Tripe
New Zealand's four major banks will reduce their number of branches even faster as a result of the coronavirus crisis experience and each will be down to about 50 within 10 years, according to Massey University banking professor David Tripe.
Finance
NZ's four major banks to cut branch numbers to 50 each by 2030: Tripe
New Zealand's four major banks will reduce their number of branches even faster as a result of the coronavirus crisis experience and each will be down to about 50 within 10 years, according to Massey University banking professor David Tripe.
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