Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Finance
ComCom takes UDC to court over fees
By Jenny Ruth Sept. 6 (BusinessDesk) - The competition regulator is taking ANZ Bank-owned UDC Finance to court for allegedly charging unreasonable default fees. The Commerce Commission has filed charges against UDC in the High Court relating to its practices in providing co...
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Finance
Rubicon's proposed pay for new director is pay before performance: NZSA
By Jenny Ruth Sept. 5 (BusinessDesk) - At the same time as warning shareholders not to hold their breath waiting for a dividend from Rubicon, the New Zealand Shareholders’ Association is signalling it is reserving judgement on its newly appointed director, George Adams. But...
Finance
RBNZ says don't believe what banks say about capital
By Jenny Ruth Sept. 4 (BusinessDesk) - Don’t believe what banks say about how much capital they should have to hold, Reserve Bank deputy governor Geoff Bascand told the New Zealand Shareholders’ Association. “Shareholders’ view of capital will always be lower in the banking...
Finance
Finance minister resists calls for fiscal stimulus
By Victoria Young Sept. 3 (BusinessDesk) - Finance Minister Grant Robertson says he will spend if necessary but for now he is resisting calls to use fiscal policy to stimulate New Zealand’s economy. Economists have expressed concerns about the state of the economy as cooli...
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