|Westpac warning: capital proposals will add $6000 a year to cost of average Auckland mortgage|
Proposed changes to increase the amount of capital banks hold could add $6000 a year to the cost of an Auckland mortgage and have a "significant negative impact" on the economy, Westpac bank is warning.The New Zealand arm of the...
© 2019 NZ Herald Fri 10:25am NZ-owned banks says RBNZ capital proposals will make it harder to compete
New Zealandís smaller, locally-owned banks want the Reserve Bank to go further in leveling the competitive playing field between them and the big four Australian-owned banks
© 2019 sharechat.co.nz Thu 11:05am Banks waking up to the Fintech threat throw billions into digital
Can big lenders beat the fintechs at their own game? Scrappy online financial startups have spent the past few years building buzz, backing and the beginnings of a customer base.For a while, the world's banking giants largely...
© 2019 NZ Herald Wed 5:05am Banks 'crying crocodile tears' over higher capital requirements
Social Credit is accusing the New Zealand Bankers Association of crying crocodile tears over the Reserve Bank's proposals for banks to hold higher capital ratios.
© 2019 voxy.co.nz Tue 7:15am PwC says NZ banks would effectively hold 27.1% equity if RBNZ proposals are adopted
New Zealandís major banks already hold more capital than Australian, Canadian, Austrian, Irish and Singaporean banks, a new study by PricewaterhouseCoopers has found
© 2019 sharechat.co.nz Mon 12:45am Loose lips and FX tips: How chats cost banks $1.8 billion
Talk may be cheap, but in currency traders' chatrooms, at least, improper messages can be very expensive for their companies.In instant message groups with names such as "Semi Grumpy Old Men" and "Three Way Banana Split," up to...
© 2019 NZ Herald Sat, 18 May 10:25am Bank cartel fined Ä1bn for currency rigging
The European Commission fines five banks a total of Ä1.07bn for forming cartels to rig currency trading.
© 2019 BBCWorld Fri, 17 May 3:25am John Banks won't rule out running for Auckland mayor, suggests Sir John Key enters race
Former Auckland mayor mulls throwing hat in the ring again, saying "never before has the city been in so much trouble".
© 2019 Stuff.co.nz Wed, 15 May 7:35pm Two people winched to safety from life raft off Banks Peninsula coast
Two people have been winched to safety after their yacht began sinking off the coast of the Banks Peninsula.
© 2019 Stuff.co.nz Tue, 14 May 11:55am