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Finance

Explore the latest finance news by Business Desk. 

BNZ hikes mortgage rates, leaves deposit rates unchanged
Staff reporters | Fri, 22 Oct 2021

BNZ's two-year fixed classic home loan interest rate is now 3.79%.

Kiwibank completes $250m pref share sale, rate set at 4.93%
Staff reporters | Thu, 21 Oct 2021

Kiwibank had the lowest tier 1 capital ratio at June 30 of all the registered banks at 11.9%.

Better NZ shares performance hurts KiwiWealth, boosts Milford
Better NZ shares performance hurts KiwiWealth, boosts Milford Jenny Ruth
AMP NZ suffers outflow but is attracting new money
Staff reporters | Thu, 21 Oct 2021

The New Zealand fund manager managed to attract new investment of A$362 million in the September quarter, up 17% on the year-earlier quarter.

ANZ hikes deposit rates, hikes mortgage rates more
Staff reporters | Thu, 21 Oct 2021

ANZ Bank is lifting its fixed-term mortgage rates by 45 basis points and most deposit rates by less.

First cut at climate disclosure focuses on directors' comfort zones
First cut at climate disclosure focuses on directors' comfort zones Ian Llewellyn
RBNZ reviewing policy on branches of overseas banks
Staff reporters | Wed, 20 Oct 2021

The Reserve Bank said it faces inherent limitations in regulating branches of overseas banks.

Arvida buys 6 retirement villages for $345m, raising $330m
Arvida buys 6 retirement villages for $345m, raising $330m Jenny Ruth
Watch how NorthWest handles Vital's $140m capital raising
Watch how NorthWest handles Vital's $140m capital raising Jenny Ruth
M&A deal flow value up 250%: Simpson Grierson report
M&A deal flow value up 250%: Simpson Grierson report Michael Andrew
RBNZ consults on how it should use its big sticks
RBNZ consults on how it should use its big sticks Jenny Ruth
Govt has about $12b to spend on delta relief: economist
Govt has about $12b to spend on delta relief: economist Jenny Ruth
Govt deficit shrank on stronger-than-expected economy
Govt deficit shrank on stronger-than-expected economy Jenny Ruth
Why investors are eying carbon credits
Why investors are eying carbon credits Oliver Lewis
Kiwibank confirms $250m perpetual preference share sale
Staff reporters | Fri, 08 Oct 2021

Kiwibank had the lowest tier 1 capital ratio at June 30 of all registered banks, at 11.9%, so it is no surprise it has decided to raise capital.

Kiwibank eyes $250m sale of perpetual preference shares
Staff reporters | Thu, 07 Oct 2021

 Kiwibank's strong lending growth, and new RBNZ capital rules, made it obvious it would need more capital. 

Higher fee Kiwisaver managers delivering superior returns
Higher fee Kiwisaver managers delivering superior returns Jenny Ruth
Aggressive foreign trusts pushed out in 2017 reforms
Aggressive foreign trusts pushed out in 2017 reforms Paul McBeth
Global fintech player swoops on Hatch
Global fintech player swoops on Hatch Dan Brunskill
Fonterra executives' pay rises as they destroy wealth
Fonterra executives' pay rises as they destroy wealth Jenny Ruth
Vital Healthcare's manager refinances and extends debt
Staff reporters | Fri, 01 Oct 2021

Vital Healthcare Property Trust's manager is promising further progress on its funding structure ahead of its first-half results.

Large landlords provided more than $320m in rent relief
Staff reporters | Thu, 30 Sep 2021

The Property Council says the proposed change to the Property Law Act will have unintended consequences.

Lockdown slugs small business sales
Staff reporters | Thu, 30 Sep 2021

While lockdown is hurting sales through small businesses, jobs in the sector continue to grow.

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