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TSB launches a virtual bank, saying the COVID-19 crisis has proven customers...
TSB has launched a virtual bank, with its marketing manager saying the COVID-19 crisis proves customers can get personal, human service more conveniently via a video call.TSB says people anywhere in...
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Morgan Stanley analysts crunches some numbers to estimate where loan losses...
Image: RBNZ.Analysts at Morgan Stanley have taken a crack at estimating what the ultimate hit to the big four Australian banks, parents of New Zealand's major banks, might be from their stock of...
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Gareth Vaughan on the Government Response Stringency Index, being in the...
This Top 5 COVID-19 Alert Level 2 special comes from interest.co.nz's Gareth Vaughan.As always, we welcome your additions in the comments below or via email to david.chaston@interest.co.nz. And if...
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Statistics New Zealand says job numbers fell by 37,500 in April, the biggest...
Statistics New Zealand says job numbers fell by 37,500 in April as the COVID-19 lockdown took its toll. That's the biggest drop both by numbers and in percentage terms since Stats NZ's filled jobs...
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HSBC could quit small, non-strategic countries including New Zealand, the...
HSBC's plans to deepen the biggest restructuring in its 155-year history could see it sell or close its operations in small, non-strategic countries including New Zealand, the Financial Times...
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RBNZ Deputy Governor Geoff Bascand says deposit rates could drop to zero and...
By Gareth VaughanReserve Bank deputy governor Geoff Bascand suggests at least some bank depositors might want to put their money to use elsewhere.Speaking to interest.co.nz after the Reserve Bank...
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RBNZ Governor Adrian Orr says bank regulatory capital increases on ice during...
Reserve Bank Governor Adrian Orr says the bank regulatory capital increases put on hold during the COVID-19 pandemic remain very much on the regulator's agenda.Speaking to media after the Reserve Bank...
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Revenue and Small Business Minister Stuart Nash seeking advice on extending...
Revenue and Small Business Minister Stuart Nash says he's seeking advice on extending the one month timeframe for loan applications to the Small Business Cashflow Loan Scheme as loan applications near...
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Outcome of international assessment of NZ's efforts to combat money...
The first part of a major international evaluation of the New Zealand Government's efforts to combat money laundering and counter the financing of terrorism took place as scheduled in March, but...
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BNZ's auditor warns of the uncertainties of COVID-19's impact, while Westpac...
General disclosure statements issued by BNZ and Westpac New Zealand have both shed more light on, and highlighted differences between, the approach banks and their auditors are taking to the COVID-19...
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Prime Minister Jacinda Ardern says trans-tasman bubble needs to wait for...
Image sourced from Shutterstock.comPrime Minister Jacinda Ardern says there's unlikely to be a trans-tasman bubble until Australia removes border controls between its own states.Speaking to RNZ on...
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COVID-19 crisis is increasing attention on corporate social behavior, away...
Image originally published in Puck magazine in 1883.Credit rating agency Moody's Investors Service says identifying the long-term consequences of the COVID-19 crisis will be "paramount" for credit...
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Kiwibank reduces one to five year fixed-term mortgage rates for borrowers...
Kiwibank has cut its one to five year home loan rates by between 34 and 60 basis points, dropping its one-year rate to a record low 2.65%.The rate changes are effective from Monday, and available to...
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The Government's IRD administered Small Business Cashflow Loan Scheme has...
The Government's Small Business Cashflow Loan Scheme, which is administered by the Inland Revenue Department (IRD), has processed lending worth more than $824 million to date.An IRD spokeswoman said...
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Gareth Vaughan on social distancing & temperature testing in pubs, the...
This Top 5 COVID-19 Alert Level 2 special comes from interest.co.nz's Gareth Vaughan.As always, we welcome your additions in the comments below or via email to david.chaston@interest.co.nz. And if...
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Climate Change Commissioner Rod Carr wants climate change investment added as...
Climate Change Commissioner Rod Carr wants climate change investment added as a chapter heading, alongside education, health and housing, in the Budget from next year.Carr details this in a letter to...
View ArticleManaaki co-founder Andy Hamilton highlights areas where SMEs could use...
By Gareth VaughanThe operating model pursued by the country's major banks isn't working for New Zealand at the moment, at least not for our small and medium sized businesses, Andy Hamilton...
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ANZ NZ CEO Antonia Watson says NZ has an incredible opportunity and there's...
ANZ New Zealand CEO Antonia Watson says with NZ having navigated the COVID-19 crisis well so far, there's no place in the world she'd rather be.Speaking in a Trans Tasman Business Circle online Zoom...
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Gareth Vaughan on big banks' loan impairments, hotels for a post-COVID-19...
This Top 5 COVID-19 Alert Level 2 special comes from interest.co.nz's Gareth Vaughan.As always, we welcome your additions in the comments below or via email to david.chaston@interest.co.nz. And if...
View ArticleMechanical engineering professor Susan Krumdieck says the COVID-19 crisis...
By Gareth VaughanThe impact of the COVID-19 crisis has shown people "what this crazy woman has been talking about," Susan Krumdieck says. The crazy woman she's referring to, jokingly I think, is...
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