Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Finance
No resting on their laurels for NZ's banks in 2020
The Reserve Bank's final decisions on bank capital requirements in late 2019 came as a great relief to the banks but they can't count on 2020 being plain sailing.The prudential regulator has given every sign that it intends to take a much more aggressive approach to its duties th...
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Finance
Aftershock for Eric Watson companies
Nine other Eric Watson-linked companies have been moved into liquidation following the collapse of Cullen Group. Cullen Group was moved into liquidation by court order last week after a High Court judge refused to halt insolvency proceedings against it. KPMG’s Vivian Fatupaito wa...
Finance
Craigs staff to buy back Deutsche stake
Craigs Investment Partners will go back to being a staff-owned investment firm after reaching a deal with Germany’s Deutsche Bank to buy its 49.9 percent stake.The deal is subject to the usual approvals and is expected to be signed by the end of February, Craigs said in a stateme...
Finance
S&P cuts NZ Post's credit rating as mail volumes keep falling
International ratings agency Standard & Poor's has slashed New Zealand Post's credit rating because of the continued decline in mail volumes.S&P cut the 'A+' rating to 'A' and removed NZ Post from its negative creditwatch status where it had sat since Oct. 1. In addition, it cut...
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