Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Finance
KPMG says bank capital proposals will wreck havoc on dairy farmers
By Jenny Ruth July 19 (BusinessDesk) - KPMG says the Reserve Bank’s bank capital proposals will lead to less bank lending to farmers and at significantly higher interest rates on the loans they’re prepared to provide. The accounting firm says the proposals in their current...
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Opinion
Jenny Ruth: COMMENT: RBNZ's key political omission in its bank capital proposals
By Jenny Ruth July 18 (BusinessDesk) - Motherhood and apple pie top most people’s lists of things that are unquestionably good. We don’t normally question the cost – many mothers would say, far too much! – but if the pie cost $5, that would look fair enough. But what if...
Finance
UPDATE: ANZ and Westpac credit rating outlooks downgraded to 'negative' outlook: Fitch
(Updates to include Westpac also receiving outlook downgrade) By Pattrick Smellie July 17 (BusinessDesk) - Australia's ANZ Bank has taken another hit, with the international credit rating agency Fitch downgrading the bank's operations in both Australia and New Zealand from...
Finance
RBNZ a ‘poor communicator’ - CBL’s Harris
By Paul McBeth July 17 (BusinessDesk) - The Reserve Bank’s failure to communicate was a major stumbling block for failed insurer CBL Corp. Former managing director Peter Harris is adamant the insurer – now in liquidation – could’ve found a commercial solution to a sharp inc...
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