Ingenico Group late last week confirmed they will be the new owner of Paymark, the dominant payment network in New Zealand. Ingenico will pay NZ$190 million in total to the four major local banks that each own one quarter of the business. read more
Financial institutions / Big five & fintech (1,707 items)
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Risk analysts who were expecting the Basel IV capital accords to have a "benign" impact on the capital requirements of Australia's four major banks might need to review their judgements after the publication on Tuesday of a provocative consultation paper by the Reserve Bank of New Zealand. read more
Briefs: ANZ names new head of US arm, heart attack pain for CommInsure, Rabobank NZ picks new CEO, a short hop across the Tasman for Shortt
ANZ's top executive in Japan, Grant Knuckey, is preparing to relocate to New York after he was appointed to head up the company's US operations. read more
At Friday's AGM, NAB CEO Andrew Thorburn was keen to spruik the finance the bank was offering to projects supporting an orderly transition to a low-carbon economy and protecting environmental amenities. read more