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NZ regional bank profits may come under pressure amid competition from bigger Australian rivals

NZ regional bank profits may come under pressure amid competition from bigger Australian rivals

By Tina Morrison Oct. 24 (BusinessDesk) – New Zealand regional banks, which make up about 15 percent of the local market dominated by four large Australian lenders, may struggle to increase revenue in the coming year amid competition from their bigger rivals, Fitch Ratings says...

24 Oct 2013
Former Rockforte Finance principals sentenced in fraud case

Former Rockforte Finance principals sentenced in fraud case

Oct. 24 (BusinessDesk) - The last two defendants in the fraud case against failed lender Rockforte Finance have been sentenced today in the High Court in Gisborne. The Serious Fraud Office said former director Nigel O’Leary was sentenced to four years’ imprisonment after plead...

23 Oct 2013
Crown withdraws charges against ex-SCF group accountant Terrence Hutton

Crown withdraws charges against ex-SCF group accountant Terrence Hutton

Oct. 24 (BusinessDesk) - The Serious Fraud Office intends to withdraw two charges against former South Canterbury Finance group accountant Terrence Hutton in the country’s biggest ever fraud case. The white-collar crime investigator won’t pursue two charges alleging false acc...

23 Oct 2013
NZ trade deficit shrinks more than expected as exports rise, imports fall

NZ trade deficit shrinks more than expected as exports rise, imports fall

23 Oct 2013
Electricity’s rising dominance in NZX 50 may spur funds to seek wider benchmark

Electricity’s rising dominance in NZX 50 may spur funds to seek wider benchmark

23 Oct 2013
NZ dollar worst performing currency as investors spooked by Chinese growth concerns

NZ dollar worst performing currency as investors spooked by Chinese growth concerns

23 Oct 2013
Government seeks ‘bond’ investors willing to bet on social outcomes

Government seeks ‘bond’ investors willing to bet on social outcomes

23 Oct 2013
While you were sleeping S and P 500 falls from record, JP Morgan nears bond deal

While you were sleeping S and P 500 falls from record, JP Morgan nears bond deal

23 Oct 2013
NZ ICT firms dominate sales growth in 2013 TIN100 survey of high-tech companies

NZ ICT firms dominate sales growth in 2013 TIN100 survey of high-tech companies

23 Oct 2013
Meridian shares priced at $1.50 ahead of Oct 29 sharemarket float

Meridian shares priced at $1.50 ahead of Oct 29 sharemarket float

23 Oct 2013
MARKET CLOSE NZ shares extend rally; Xero, Metlifecare, Pacific Edge gain

MARKET CLOSE NZ shares extend rally; Xero, Metlifecare, Pacific Edge gain

23 Oct 2013
NZ dollar falls vs. trans-Tasman counterpart as Aust inflation beats estimates

NZ dollar falls vs. trans-Tasman counterpart as Aust inflation beats estimates

23 Oct 2013
Sanford says FY profit missed forecast range because of impairment on Australian quota

Sanford says FY profit missed forecast range because of impairment on Australian quota

23 Oct 2013
Pacific Edge to raise up to $20.5 mln in rights issue to fund US push

Pacific Edge to raise up to $20.5 mln in rights issue to fund US push

23 Oct 2013
NZ Post to move to 3-day deliveries in urban areas from 2015 as volumes slide

NZ Post to move to 3-day deliveries in urban areas from 2015 as volumes slide

23 Oct 2013
Contact’s Te Mihi station delay offset by Cook Strait cable gains

Contact’s Te Mihi station delay offset by Cook Strait cable gains

22 Oct 2013
Kiwi Income sells Queen St building to Australian firm

Kiwi Income sells Queen St building to Australian firm

22 Oct 2013
Pacific Edge shares soar to new record on optimism about potential US growth

Pacific Edge shares soar to new record on optimism about potential US growth

22 Oct 2013
New geothermal plant fills gaps for MRP Waikato hydro shortage

New geothermal plant fills gaps for MRP Waikato hydro shortage

22 Oct 2013
Chorus increases broadband connections 2 percent as fixed-line numbers slip in Sept quarter

Chorus increases broadband connections 2 percent as fixed-line numbers slip in Sept quarter

22 Oct 2013
Ebos on target to meet forecast earnings in first half

Ebos on target to meet forecast earnings in first half

22 Oct 2013
NZ dollar jumps to five month high after weak US jobs data

NZ dollar jumps to five month high after weak US jobs data

22 Oct 2013
While you were sleeping Tepid US jobs growth stays Fed’s hand

While you were sleeping Tepid US jobs growth stays Fed’s hand

22 Oct 2013
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