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KiwiSaver withdrawals funding half of first home buyer deposits: KPMG
By Pattrick Smellie July 11 (BusinessDesk) - First home buyers continue to grow as a proportion of the total home mortgage market, with KiwiSaver fund withdrawals now accounting for about half the deposits used to secure a first home, according to KPMG. Two years ago, first...
KPMG identifies sequencing issue in proposed bank deposit guarantee scheme
By Pattrick Smellie July 11 (BusinessDesk) - Financially distressed banks may need to go through the controversial Open Banking Resolution process and fail before the government's proposed deposit guarantee would come into play, KPMG says. "Under the Open Banking Resolution...
MARKET CLOSE: NZ stocks gain on A2 broker upgrade
By Gavin Evans July 10 (BusinessDesk) - New Zealand stocks gained as a strong lift in A2 Milk after a broker upgrade helped propel the index higher. The S&P/NZX 50 Index increased 112.03 points, or 1.06 percent, to 10,650.14. Within the index, 29 stocks gained, 15 fell, an...
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