Stuff.co.nz
Aussie banks with NZ presence warned over conflict of interest
25/02/2018
“The current review of the Financial Advisers Act will build on these obligations to include more explicit customer-first obligations for financial advisers. “We support this approach and are working closely with officials to help ensure a practical way of achieving this aim.”
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Stuff.co.nz
We should have reached ‘peak cash’ by now, but NZ’s pile of banknotes keeps growing
22/02/2018
“It may be that since events like the Canterbury earthquakes more people are holding cash in case of emergencies. They may be keeping it on hand, but not using it for everyday transactions.”
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Stuff.co.nz
Banks didn’t agree to cut fees at same time, association says
20/02/2018
“Our banks operate in a very competitive environment…The speed at which some banks have moved shows just how competitive they are.”
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TVNZ
‘It’s largely a story about dairy’ – Kiwi banks make just over $5 billion, up seven per cent
19/02/2018
Last year banks spent $7.2 billion on operations and tax. That’s $5.2 billion on operations, employing over 25,000 people and buying local goods and services, all while giving back to our communities through sponsorships and volunteering.
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KPMG
Code of Banking Practice breaks new ground
14/02/2018
Customer trust and confidence in banks are essential to the industry’s ongoing success. For the last 25 years the Code of Banking Practice has played a crucial role in improving customer outcomes by setting minimum standards in what people can expect from their bank. The new Code aims to build on that solid foundation. It...
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Farmers Weekly
Farmers fear banks’ tough line
14/02/2018
“The good relationship between farmers and their banks is reflected in Federated Farmers’ banking satisfaction survey which consistently finds high levels of satisfaction among farmers,” she said. Banks are responsible lenders and constantly assess the risk on their books, she said.
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NZ Herald
Kiwi banks pay $3.5 billion to Oz parent firms
06/02/2018
She said the banks contributed around $6 to 7 billion to the New Zealand economy every year and employed more than 25,000 people. “They spend around $5 billion running their businesses here and pay around $2 billion in tax.”
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RNZ
Bankers’ Assn backs down over protection for fraud victims
05/02/2018
“What we had thought is that we’d actually covered it under our general principles of fair and reasonable treatment and also our privacy and security principle – it was absolutely always our intention to retain all of the material that had been in our previous code,” she said.
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NZ Herald
China Construction Bank’s new status means more investment in New Zealand developments
04/02/2018
NZ Bankers Association chief executive Karen Scott-Howman said she welcomed the arrival of the CCB. “Basically the branch license allows a lot more wholesale lending to take place,” she said.
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Stuff.co.nz
Bank pulls support for cryptocurrency platform Cryptopia
01/02/2018
New Zealand Bankers’ Association chief executive Karen Scott-Howman said anti-money laundering laws were one of the main reasons that banks struggled with cryptocurrencies.
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