Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Finance
Bridges says Budget leak response 'the most contemptible moment in NZ politics’
By Pattrick Smellie May 30 (BusinessDesk) - National Party leader Simon Bridges accused Treasury secretary Gabriel Makhlouf of “calling the police on the Opposition” over the website security flaw that allowed the National Party to gain access to Budget secrets. The Treasur...
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Finance
ANZ NZ CEO David Hisco takes sick leave, Watson becomes acting CEO
By Jenny Ruth May 30 (BusinessDesk) - ANZ Bank’s New Zealand chief executive David Hisco is taking extended sick leave and Antonia Watson, who heads retail and business banking, will take over as acting chief executive, the bank says. In a note to ANZ’s staff, Watson says H...
Finance
RBNZ used a 'net benefits framework' in devising its bank capital proposals
By Jenny Ruth May 29 (BusinessDesk) - The Reserve Bank has used a “net benefits framework” in devising its bank capital proposals, governor Adrian Orr told parliament’s finance and expenditure select committee. National Party finance spokeswoman Amy Adams had been quizzing...
Finance
Budget Leak: Most cyber-leaks come from internal sources, says cyber expert
By Pattrick Smellie May 29 (BusinessDesk) - Most information leaks come from "malicious" or "inadvertent" releases from internal sources rather than via hacking, says Mark Shaw, a technology strategist for cyber-security software provider Symantec. His comments came as the...
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