Inflation expectations are flat at 2.2 per cent in New Zealand, but the country's business sector is in a lather over the profit dampening influence of its new Labour government. read more
Financial institutions / Big five & fintech (2,198 items)
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Outraged at the continued closure of Westpac, ANZ and BNZ branches in provincial towns, a New Zealand government minister says the Australian-owned banks should be obligated to adequately service rural areas. read more
While the painful rollout of real time payments capability at Australia’s major banks continues at a snail’s pace, National Australia Bank last night confirmed it is likely to be the first of the industry’s big players to offer full PayID services across its digital channels. read more
The royal commission’s impatience with NAB is palpable, suggesting it may not just be Andrew Hagger - named and shamed on Friday - but his CEO, Andrew Thorburn and the chair of the board, Ken Henry, whose swift exits from the bank look a real prospect.There was, it is said, “a disregard on the part of NAB for members of relevant superannuation funds, for regulators and for the law.” read more
Briefs: First blockchain Kangaroo priced, NPP in cross-border trials, ANZ's “toxic culture”, Kiwibank's IT woes attract lawyers, and more
The World Bank – or International Bank for Reconstruction & Development – has priced a new A$110 million Kangaroo bond using a blockchain platform. read more