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23 Jan 2018   
NZCity NewsLinks
Family of missing man Raymond Stirling wade Waikato River in ongoing search
For the last week Raymond Stirling's family have traipsed through backyards, waded the waters of the Waikato River and pushed through grassed banks. 
© 2018 3:34pm 

New mortgage special of 4.44 per cent highlights hikes that never happened
Threats of interest rate rises have come to nothing over the past year ?? as a new rate offered by SBS and TSB highlights. The banks are offering a one-year special rate of 4.44 per cent. The market median is 4.99 per cent. That's despite warnings that interest rates would track up over 2017. In January last year, the big four banks were offering one-year rates of between 4.89 per cent and 4.95 per cent. Only Kiwibank had a cheaper rate, at 4.35 per cent. ??Infometrics chief forecaster Gareth Kiernan said there were a range of factors that had kept rates low, including the economic outlook softening, the housing market responding more markedly than expected to the loan-to-value rule tightening, and international interest rates staying low. 
© 2018 7:44am 

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Quarles lays out road map for bank regulations
WASHINGTON (AP) The Federal Reserve's top official on financial regulation is putting forward a wide-ranging agenda for improving the way the nation's banks are regulated, saying he wants to focus on "efficiency, transparency and... 
© 2018 NZ Herald Sat 10:04am 

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Banks sell Paymark to Paris-listed Ingenico Group for $190 million
The bank shareholders of Paymark have entered into an agreement to sell the company to Ingenico Group for $190 million. ANZ, ASB, BNZ and Westpac each own 25 per cent of the shares in Paymark.The Auckland-based specialist electronic... 
© 2018 NZ Herald Wed 10:04pm 

Banks Shoes chain sold for $2.3 million, covering BNZ loan
Failed footwear chain Banks Group's business sold for $2.3 million to a group of investors led by the former owner's son Jeremy Bank, all but covering an outstanding loan to Bank of New Zealand. The latest report by receivers John... 
© 2018 NZ Herald Wed 12:44am 

Tax law brings big paper losses, long-term gains to US banks
NEW YORK (AP) Big U.S. banks have been reporting billions of dollars in paper losses this month as they are forced to come into compliance with the new tax law. And while the losses are massive, they were largely expected, and bank... 
© 2018 NZ Herald Wed 10:04am 

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Wairoa River E. coli levels four times acceptable limit
E. coli levels in the Wairoa River were nearly four times the acceptable limit last week. Warning signs dot the banks of the waterway cautioning people against swimming after high levels of E. coli were detected. The water is being... 
© 2018 NZ Herald 8:44am 

Liz Weston: Should we pay people to save?
Long ago, people were rewarded for saving. Banks contributed something known as "interest" to the amounts deposited in savings accounts.OK, technically they still do, but you'd be forgiven for not noticing the tiny amounts added... 
© 2018 NZ Herald 4:34am 

Rich man, poor man: inequality gap grew in 2017, Oxfam report reveals
New Zealand's richest man added more than $4 billion to his coffers last year, as more Kiwis joined queues at food banks. 
© 2018 Mon 8:44am 

How major US stock indexes fared on Monday
NEW YORK (AP) Hefty gains for energy and technology companies helped U.S. stocks set more records Monday. Drugmakers announced two major deals worth about $20 billion and smaller-company stocks climbed after the Senate reached a... 
© 2018 NZ Herald Sat 12:04am 

US stock indexes mixed in early trading; oil prices slide
The major U.S. stock indexes were mixed in early trading Friday as gains by banks and consumer-focused companies outweighed losses in energy and other sectors. The price of oil fell on a report saying U.S. production is set to rise... 
© 2018 NZ Herald Sat 5:24am 

How an 'ice jam' caused river to burst banks in minutes
Timelapse footage shows how a partially frozen New York river rose dramatically during a cold snap. 
© 2018 BBCWorld Fri 9:54am 

Banks open doors to home-loan borrowers with low deposits
Mortgage brokers are pointing to early signs of the major banks opening the door to more low-deposit borrowers in the wake of an easing in home-loan restrictions.On January 1 the Reserve Bank increased the cap on banks from 10 per... 
© 2018 NZ Herald Wed 3:24pm 

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Banks Shoes chain sold for $2.3 mln, covering BNZ loan
Failed footwear chain Banks Group's business sold for $2.3 million to a group of investors led by the former owner's son Jeremy Bank, all but covering an outstanding loan to Bank of New Zealand 
© 2018 Wed 12:14am 

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