Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Finance
Moody's sees pressure on NZ banks' profitability
By Jenny Ruth Aug. 20 (BusinessDesk) - Moody’s Investors Service says slow credit growth, low interest rates and rising costs will weigh on the profitability of New Zealand banks in the next 12 to 18 months. That’s despite asset quality and capital remaining strong. “We...
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Finance
Nib NZ has risk and culture review on the radar
By Paul McBeth Aug. 20 (BusinessDesk) - Australian health insurer nib Holdings will review its risk and culture in New Zealand as trans-Tasman financial services come to grips with the regulatory crackdown on the sector. Nib New Zealand will carry out the review in the 2020...
Finance
Bublitz to serve home detention following appeal
By Victoria Young Aug. 16 (BusinessDesk) - A partially successful appeal will see former Viaduct Capital and Mutual Finance executive Paul Bublitz leave prison for home detention after some convictions were quashed. Earlier this year, Bublitz was convicted of several charg...
Finance
Orr defends RBNZ rate cut, says monetary policy looks ahead, not behind
By Rebecca Howard Aug. 16 (BusinessDesk) - Central bank governor Adrian Orr came out swinging in response to an opinion piece from BusinessNZ chief executive Kirk Hope who called on the bank to focus on a "conservative, principles-based, no-surprises approach to monetary polic...
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