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RBNZ lifts Westpac NZ's regulatory capital requirements after compliance failure

RBNZ lifts Westpac NZ's regulatory capital requirements after compliance failure

By Sophie Boot Nov. 15 (BusinessDesk) - The Reserve Bank has lifted Westpac New Zealand's minimum regulatory capital requirements after it failed to comply with obligations relating to its status as an internal models bank.  The central bank accredits internal models banks...

Sophie Boot 15 Nov 2017
Rabo NZ chief Daryl Johnson resigns after less than two years in the job

Rabo NZ chief Daryl Johnson resigns after less than two years in the job

By Sophie Boot Nov. 15 (BusinessDesk) - Rabobank New Zealand chief executive Daryl Johnson has resigned, less than two years after taking over the reins of the rural lending specialist.  Johnson's resignation will take effect on Dec. 22, and Rabobank NZ has commenced a proc...

Sophie Boot 14 Nov 2017
NZ house sale slump eases in October as drop in turnover slows

NZ house sale slump eases in October as drop in turnover slows

By Rebecca Howard Nov. 15 (BusinessDesk) - New Zealand's housing market perked up last month as sales volumes fell at a slower pace, having slumped in the lead-up to the September general election.  A total of 5,689 properties were sold across the country in October versus...

Rebecca Howard 14 Nov 2017
NZ financial risks have stabilised as rapid house price growth slows, S&P says

NZ financial risks have stabilised as rapid house price growth slows, S&P says

Tina Morrison 14 Nov 2017
Foley Family Wines buys Mt Difficulty for $55 million

Foley Family Wines buys Mt Difficulty for $55 million

Sophie Boot 14 Nov 2017
Abano says first-half profit may fall as dental acquisitions take longer to settle

Abano says first-half profit may fall as dental acquisitions take longer to settle

Paul McBeth 14 Nov 2017
NZ dollar falls vs euro, nearing two-year low, on signs of reviving European growth

NZ dollar falls vs euro, nearing two-year low, on signs of reviving European growth

Jonathan Underhill 14 Nov 2017
While you were sleeping: GE leads Wall St drop

While you were sleeping: GE leads Wall St drop

Margreet Dietz 14 Nov 2017
NZ dollar falls vs Aussie as Australian business conditions hit record high

NZ dollar falls vs Aussie as Australian business conditions hit record high

Rebecca Howard 14 Nov 2017
MARKET CLOSE: NZ shares gain as Z and Precinct rise; Tower hits record low

MARKET CLOSE: NZ shares gain as Z and Precinct rise; Tower hits record low

Sophie Boot 14 Nov 2017
UPDATE: Pharmac promotes Sarah Fitt to top job as CEO Steffan Crausaz heads to private sector

UPDATE: Pharmac promotes Sarah Fitt to top job as CEO Steffan Crausaz heads to private sector

Rebecca Howard 14 Nov 2017
Tower shares at record low on concern new capital may be eroded by ongoing quake claims

Tower shares at record low on concern new capital may be eroded by ongoing quake claims

Paul McBeth 14 Nov 2017
Solid Energy creditors to get at least 60c in $1 as assets sold

Solid Energy creditors to get at least 60c in $1 as assets sold

Sophie Boot 14 Nov 2017
Mercer shares tumble after final loss from Fonterra's collapsed silo an estimated $20M

Mercer shares tumble after final loss from Fonterra's collapsed silo an estimated $20M

Rebecca Howard 14 Nov 2017
Geneva Finance lifts 1H profit, buys debt collection operation

Geneva Finance lifts 1H profit, buys debt collection operation

Sophie Boot 14 Nov 2017
Powerhouse Ventures won't proceed with sale of Invert Robotics stake

Powerhouse Ventures won't proceed with sale of Invert Robotics stake

Rebecca Howard 14 Nov 2017
Property Ventures liquidator drops Henderson from lawsuit, citing 'lack of assets'

Property Ventures liquidator drops Henderson from lawsuit, citing 'lack of assets'

Jonathan Underhill 13 Nov 2017
NZ sheep meat prices lift to record levels on Chinese New Year demand

NZ sheep meat prices lift to record levels on Chinese New Year demand

Tina Morrison 13 Nov 2017
RESEND2: Litigation funder LPF lays judicial complaint against chief justice

RESEND2: Litigation funder LPF lays judicial complaint against chief justice

Sophie Boot 13 Nov 2017
OG Oil & Gas likely to cross minimum 50% threshold in NZOG takeover offer

OG Oil & Gas likely to cross minimum 50% threshold in NZOG takeover offer

Rebecca Howard 13 Nov 2017
Plexure Group narrows its 1H net loss on higher revenue, lower costs

Plexure Group narrows its 1H net loss on higher revenue, lower costs

Rebecca Howard 13 Nov 2017
Tower to raise $70.8 mln at 45% discount to bolster balance sheet; narrows annual loss

Tower to raise $70.8 mln at 45% discount to bolster balance sheet; narrows annual loss

Paul McBeth 13 Nov 2017
Kiwi Property to sell Wellington's Majestic Centre for $123.2M to Investec

Kiwi Property to sell Wellington's Majestic Centre for $123.2M to Investec

Tina Morrison 13 Nov 2017
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