Official Cash RateANZ says shift to single IT platform and restructure to cost $220mANZ New Zealand says its plans to put the ANZ and National Banks onto one IT platform and restructure management by laying off 45 staff and establishing a new structure will cost it a total of $220m.24 Feb 11:30 PM
Official Cash RateChristchurch earthquake: S&P continues to calculate insurance lossesCredit rating companies say there is no immediate need to change the credit ratings of insurers because of the Christchurch earthquake but Moody's Investors Service said ratings pressure may develop over time on the banking sector. 24 Feb 02:10 AM
Official Cash RateKiwibank profits slump 41pcKiwibank says half year profits fell 41 per cent as bad debt provisions more than doubled.23 Feb 09:30 PM
Official Cash Rate Tourism Holdings resolves banking covenants issueTourism Holdings says it has resolved a banking covenants breach issue with its banks.22 Feb 11:23 PM
BDBDOfficial Cash RateNuplex paying $3m to shareholders over disclosure breachNuplex Industries will pay $3m to shareholders as part of a settlement with the Securities Commission after failing to disclose it breached a debt covenant in 2008.22 Feb 09:00 PM
Official Cash RateBanks just too big to fail? Iceland shows otherwiseDecision to let banks go under looks smarter by the day, in contrast to Ireland's costly bailout, reports Yalman Onaran.20 Feb 04:30 PM
OpinionBrian Fallow<i>Brian Fallow :</i> Credit threat reflects banks' imported savings relianceNo one likes to hear the name of his bank and the phrase "possible credit rating downgrade" in the same sentence.17 Feb 04:30 PM
BDBDOfficial Cash RateCommodities rally overnight on China demandStocks on Wall Street were mixed as investors awaited a fresh reason to extend the rally, while commodities including oil, gold and copper were boosted on hopes that Chinese demand would remain strong.14 Feb 07:00 PM
Official Cash RateSuccess: Business banks on mobile moneyCellphone entrepreneur tries again, with venture targeting emerging markets.13 Feb 04:30 PM
Official Cash RateBanks recover from 2009 rout but lending slow, says reportLending to customers at New Zealand's banks grew by a meagre 0.7 per cent in the second half of their financial year, a new report shows.10 Feb 04:30 PM
PropertyTerm deposits most popular NZ investment choice, surveyJust 6 per cent of investors think shares offer the best rate of return, while rental property is still a popular investment, according to a survey by ASB.06 Feb 08:00 PM
AgribusinessThe $47 billion rural hangoverThink it's all good down on the farm? Think again. Property values are plunging, and the crisis could yet hit the cities too, reports Karyn Scherer.06 Feb 04:30 PM
BDBDOfficial Cash RateTourism Holdings to miss profit target, breach covenantsTourism Holdings said it won't meet full-year profit guidance because forward bookings have been hit by the spate of floods and storms in Australia and softening tourism demand locally and in the UK.03 Feb 08:30 PM
Official Cash RateLondon banker gets 3 years jail for insider tradingA former London banker, his wife and a friend have been sentenced in a $NZ4.5m insider trading scheme uncovered by the UK's Financial Services Authority.02 Feb 08:00 PM
