Westpac is now starting to count the cost of its aggressive pitch for mortgage volumes at the peak of the housing market in 2016. read more
Financial institutions / Big five & fintech (2,486 items)
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The Reserve Bank of New Zealand has released its analysis of how effective conventional monetary policy is in a world of persistently low interest rates. read more
Any new securities that persist with BBSW as the interest rate benchmark "must have robust fall-back provisions" in order to be eligible for use in repo dealings with the Reserve Bank, Guy Debelle said yesterday.Or just use the cash rate, which will be the alternative anyway, an option the market is taking up super slowly. read more
A group of Kiwi investors in the failed Ross Asset Management company have been given court approval to pursue their class action seeking over NZ$50 million from ANZ New Zealand. read more
A new independent valuation has found that the Auckland house sold by an ANZ subsidiary to the wife of former ANZ New Zealand CEO David Hisco for NZ$6.9 million was worth $11 million. read more