|Growing corporate debt echoes 2008 crisis|
A risky corporate debt splurge is raising echoes of the financial crisis, the Bank of England fears, as officials scour the market for signs that a debt crunch could hurt banks and the wider economy.Growth in borrowing by heavily...
© 2018 NZ Herald 3:05pm Growing corporate debt risk has 'echoes of last crisis'
A risky corporate debt splurge is raising echoes of the financial crisis, the Bank of England fears, as officials scour the market for signs that a debt crunch could hurt banks and the wider economy.
© 2018 Stuff.co.nz Thu 12:45am 'We did lose our way', says ANZ bank boss Shayne Elliot
ANZ bank's Australian boss admits banks did lose their way and become unbalanced in the pursuit of meeting financial goals.But Shayne Elliot, a New Zealander who has held the top role for three years, says the situation also provides...
© 2018 NZ Herald Wed 5:45am Goldman Sachs, Morgan Stanley both report strong 3Q profits
NEW YORK (AP) — The leading U.S. investment banks — Goldman Sachs and Morgan Stanley — each reported third quarter profits that beat analysts' expectations Tuesday, helped by strong performance in their trading operations and better-than-expected...
© 2018 NZ Herald Wed 2:25am Ardern's captain's call on petrol study a slippery slope for regulator
OPINION: Just after he became Commerce Minister, Kris Faafoi was adamant he wanted to "take the politics out" of who decided whether banks, supermarkets or petrol companies should be investigated.
© 2018 Stuff.co.nz Sun 5:25am Banks must work harder to get NZers better KiwiSaver results
OPINION: Default KiwiSaver providers aren't keeping up their side of the bargain.
© 2018 Stuff.co.nz Fri, 12 Oct 11:45am With few seeing second act for Sears, company shares routed
NEW YORK (AP) — Sears is being pummeled before the opening bell on a report that banks are pushing the 130-year-old retailer to liquidate.The report Thursday in The Wall Street Journal comes one day after stock in Sears Holdings...
© 2018 NZ Herald Fri, 12 Oct 2:25am
Banks won't be singled out in regulators' conduct report
Individual banks won't be singled out in a culture and conduct report due to be released by regulators early next month.Rob Everett, chief executive of the Financial Markets Authority, said in a newsletter released yesterday that...
© 2018 NZ Herald Thu 4:25pm Stocks come back from early losses as trading remains shaky
NEW YORK (AP) — U.S. stocks have mostly recovered from an early loss Wednesday as banks trade higher, canceling out losses for technology companies and retailers. Homebuilders are sinking after the Commerce Department said construction...
© 2018 NZ Herald Thu 7:05am BNZ banks on selfies to let new customers open accounts
BNZ will let new customers prove their identity and open bank accounts online by videoing their passport and taking a "video selfie".
© 2018 Stuff.co.nz Wed 10:55am A cheapskate's guide to shopping for credit cards
Cheapskates and low spenders aren't the ideal credit card customers for banks because they're typically not as profitable as fast-swiping spendthrifts who rack up finance charges. Still, banks offer credit cards with features that...
© 2018 NZ Herald Wed 4:15am Global stocks jump, helped by strong earnings in the US
NEW YORK (AP) — World stock markets are turning higher again Tuesday, helped by strong earnings reports from major U.S. companies. Investment banks Morgan Stanley and Goldman Sachs, health care products company Johnson & Johnson and...
© 2018 NZ Herald Wed 3:45am Person missing after house fire on Banks Peninsula
One person is missing after a house burned to the ground on Banks Peninsula.Firefighters were called to Birdlings Flat around 4am, where the fire was already well underway.A spokesperson said crews were still in attendance, but...
© 2018 NZ Herald Tue 9:15am Silicon Valley wrestles with Saudi Arabia ties
For years, Saudi Arabia has been one of the unofficial banks for the tech industry. Now it could become a very official headache.
© 2018 CNN Sat, 13 Oct 7:45am Share market slump continues after big plunge
US stocks are mostly lower today, making wide swings as investors react to the market's big decline a day earlier and a report that showed relatively tame inflation, which came as a relief.Banks and healthcare companies are taking...
© 2018 NZ Herald Fri, 12 Oct 7:45am