Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Finance
Rival CBL class action prompts ASIC complaint
LPF Group, the funder of a class action against the directors of collapsed insurance company CBL Corp, has complained to an Australian regulator about the actions of the funder of a potential rival class action that is directed at the company itself, not the directors.Auckland-ba...
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Finance
RBNZ likely to highlight dairy, household debt in financial stability report
Expect the Reserve Bank to again highlight key vulnerabilities of pockets of high dairy debt and financially stretched households when it hands down its latest financial stability report on Wednesday. “We've still got a highly leveraged dairy sector and we've still go a highly...
Finance
RBNZ eyes Westpac Australia money laundering failures
The Reserve Bank says it is looking closely at the Australian financial crimes regulator's allegation that Westpac Banking Corp has engaged in widespread, systemic and frequent failures to adhere to laws combatting money laundering and terrorism financing.RBNZ deputy governor and...
Finance
Heritage buys Golden Healthcare; not mystery Metlife suitor
Heritage Lifecare has bought the Golden Healthcare Group in Christchurch for an undisclosed sum to make it New Zealand's third-largest aged care provider.The acquisition brings seven new aged care homes and two adjoining villages into the Heritage portfolio, taking Heritage's tot...
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