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rbnz signals u turn on bank capital requirements
The Reserve Bank of New Zealand is preparing to backtrack on its implementation of capital adequacy ratios championed by its recently departed governor, Adrian Orr. Appearing before a select committee
mercury launches capital bond offer
Mercury NZ is offering up to $300 million of unsecured, subordinated capital bonds to institutional investors and New Zealand retail investors. The offer opens today June 27, with the Capital Bonds ex
best of business desk the inside story on how direct capital invests
This article was originally published on September 4, 2024. Don’t say private equity; say private capital. New Zealand’s largest private company investor, Direct Capital, inked three high-prof
penrich capital founder jailed
A former Treasury staffer whose actions cost investors at least $80 million has been sentenced to eight-and-a-half years’ imprisonment for fraud. Penrich Capital founder Kelly Tonkin, 52, was senten
trade window needs capital fast
Fast-growing digital customs software firm Trade Window was tight-lipped about the capital-raising activity required before the company runs out of cash in March. In its half-yearly accounts, publis
stoush between vital and empire capital continues
Vital said it will “strenuously defend” High Court proceedings filed by Empire Technology, an affiliate of Empire Capital. According to investor Simon Herbert’s Empire, the action “arises f
paysauce completes capital raising
PaySauce has completed the final instalment of its $5.8 million capital raising. The payroll software company today issued the remaining 1.65 million shares - two weeks earlier than expected - to brin
pamu backing alliance groups capital raise wants successful outcome
Pāmu Farms of New Zealand has confirmed it is participating in Alliance Group’s internal capital raise and says it wants a successful outcome not just for the processor but for the wider industry.
we win we lose clare capital settles being ai case for 150000
Investment firm Clare Capital will pay a $150,000 settlement to New Zealand Exchange-listed Being AI over material the artificial intelligence company deemed false and defamatory. Being AI alleged an.
paloma capital on a 28m fundraising drive
Australasian venture capital firm Paloma Capital is embarking on an A$25 million (NZ$27.6m) Fund II capital raise. The fund will go towards 14 to 18 new and breakout companies over three years from th
direct capital sees opportunities in recession for sensible valuations
Private company investor Direct Capital aims to start investing in its seventh fund by the end of March. Direct Capital, which counts the New Zealand Super Fund, Accident Compensation Corporation (A
soul capital reads the investment signs
Soul Capital was quick to see the potential for artificial intelligence-generated sign language. The venture capital company realised Auckland software developers Kara Technologies perfectly fit its i
alliance group pauses farmer shareholder capital raise
Alliance Group has hit the pause button on its farmer-shareholder capital raise. “The board's preference is for Alliance to remain a 100% farmer-owned co-operative. However, raising the desired ca
something is brewing in capital markets
"Okay, God, you want me to talk to you? Please send me a sign!" This is a quote from the movie Bruce Almighty, which features Jim Carrey as the lead. It’s a solid 8/10. After he yells this into hi
kiwisaver shakeup in capital markets reform
Minister of Commerce and Consumer Affairs Andrew Bayly is proposing a raft of changes to New Zealand’s capital markets regime, including assisting KiwiSaver funds in making direct investments and re
chatham rock eyes capital raising after capital trust delay
By Gavin Evans Jan. 14 (BusinessDesk) - Chatham Rock Phosphate says it will need to seek additional working capital to maintain “operating momentum” while it advances its proposed merger with Capi
bank capital proposals already impacting capital markets
By Jenny Ruth March 14 (BusinessDesk) - Final decisions on the Reserve Bank’s proposed capital requirements for banks won’t be made until the September quarter but they are already having an impa
nz sharemarket steady after ryman completes capital raise
Retirement village operator Ryman Healthcare completed its $1 billion capital raise as the New Zealand sharemarket steadied the ship with a small loss. The S&P/NZX 50 Index made ground till a mid-afte
capital city of growth central auckland plan change to allow taller buildings and more development brought forward
Auckland Council will have to make decisions on upzoning and enabling extra development capacity in the central city by May 30. Housing Minister Chris Bishop wrote to Auckland Mayor Wayne Brown on Mar
fnz employee shareholders revolt over latest capital raise
Hundreds of employee shareholders at fintech FNZ are fighting back, having discovered their holdings could be diluted heavily after a capital raise last year. One shareholder said the move was “gros
graham norton backed invivo wines on potential for new capital raise
The founders of Invivo Wines are not ruling out another capital raise as the beverage outfit looks to grow. Founded in 2008 by Rob Cameron and Tim Lightbourne, Invivo has grown in popularity. It has t
goodwood capital
Mobile advertising technology company Goodwood Capital Limited was incepted in 2010. It offers a full suite of mobile creative, content and technology services, empowering the world's leading brands a
general capital
General Capital Limited is a financial services group with two wholly owned subsidiaries; General Finance, a Non Bank Deposit Taker that accepts deposits from the public and it lend funds to borrowers
ascension capital
Ascension Capital Ltd, formerly TRS Investments Ltd, is a New Zealand-based investment holding company. The company operates in the asset management industry, focusing on obtaining a transaction to ac
paper plus nz undersubscribes 1m capital raise by 40
Paper Plus New Zealand has raised nearly $600,000 from its owner-operators but undersubscribed its target after issuing more than one million shares at $1 each. In July, Paper Plus NZ, which operates.
Finance News
Finance
Credit card issuers fear ComCom proposals
The proposed regulations will stifle banking competition, says Mastercard.
Finance
Andrew Body: Willis can do more to fix banking competition
A competitive banking system needs more than lower capital adequacy ratios.
Finance
RBNZ signals U-turn on bank capital requirements
A major shift at RBNZ's first public outing since Adrian Orr's sudden departure.
*All returns are per annum, after fees and before taxes. Data updated at 1:06pm 02 April 2025 (NZT)
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