Jenée Tibshraeny
Wellington Business Editor at New Zealand Herald
@NZHerald Wellington Business Editor. Previously at @interestnz.
Articles
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1 week ago |
nzherald.co.nz | Jenée Tibshraeny
David Seymour, the minister responsible for the Natural Hazards Commission, is expected to announce hikes to levies in coming months. Photo / RNZThe Reserve Bank has warned New Zealand’s state disaster insurer that it would likely need to absorb half of the country’s insured losses in the event of a massive earthquake. Given this could total tens of billions of dollars, it says it’s “critical” the Government gets its finances in order.
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1 week ago |
nzherald.co.nz | Jenée Tibshraeny
Westpac New Zealand chief executive Catherine McGrath says Reserve Bank capital rules could increase borrowing costs by 50 basis points. Photo / Mark TantrumWestpac New Zealand’s profits are continuing to rise, as it makes more money from existing customers, rather than materially growing its business. The Australian-owned bank’s New Zealand division reported a net profit of $525 million in the six months to March – a 10% rise from the same period a year earlier.
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1 week ago |
nzherald.co.nz | Jenée Tibshraeny
Sausage rolls and juice were served at former Reserve Bank governor Adrian Orr's farewell gathering. Photo / Mark Mitchell Adrian Orr has surfaced for a farewell party with Reserve Bank staff, having not spoken publicly since before his unexplained resignation on March 5. The Reserve Bank hosted a function on Thursday afternoon to celebrate Orr’s tenure as governor. A spokesman for the bank said it spent $6180 on a gift and catering, with costs for venue hire to be determined.
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2 weeks ago |
nzherald.co.nz | Jenée Tibshraeny
The Government hopes open banking will spur more competition in the banking sector. Photo / 123rfASB has signed a major deal with POLi to advance open banking, allowing easier online payments. ASB customers can authorise payments via banking apps, bypassing the need to enter details manually. The Government is pushing banks to partner with fintechs, aiming to enhance competition and standardise terms.
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2 weeks ago |
nzherald.co.nz | Jenée Tibshraeny
The outcome of a court case involving ASB and ANZ could open the floodgates to further litigation without the law change. Photo / NZMEExperts suggest there is method to the madness of the Government’s changing the law in a way that will help ANZ and ASB defend themselves against a class action before the courts.
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