Articles by Tamsyn%20Parker
-
Business
Why tens of thousands of Kiwis can’t get a bank account
Wednesday, 5 April 2023, 8:24AMA law designed to stop money laundering is having the unintended consequence of preventing some vulnerable Kiwis from being...
-
Business
Why the travel boom is different this time
Tuesday, 28 February 2023, 1:35PMThe end of lockdowns and border closures has resulted in enormous pent-up demand, meaning New Zealand’s tourism companies...
-
Business
More than $3.6 billion wiped off value of KiwiSaver in one year
Wednesday, 15 February 2023, 10:34AMThe value of KiwiSaver assets fell from $90.2 billion to $86.5b over the 2022 year after sharemarkets worldwide had a rough...
-
Business
Laybuy shares go into trading halt
Monday, 23 January 2023, 1:05PMKiwi buy now pay later operator Laybuy Group Holdings has gone into a trading halt at the request of the company. The firm,...
-
Business
Savings rise but $57 billion wiped off Kiwis’ net worth
Thursday, 19 January 2023, 1:27PMFalling property values were the main driver in $56.8 billion being wiped off the household net worth of New Zealanders in...
-
Business
Moola owner goes into receivership
Tuesday, 6 December 2022, 2:20PMNZ Fintech Group Holdings, the ultimate owner of online lender Moola.co.nz has gone into receivership with all its subsidiaries...
-
Business
ANZ increases home loan rates - first major bank to hike after OCR rise
Tuesday, 29 November 2022, 3:10PMA ANZ has hiked its home loan and deposit rates - the first major bank to move since the Reserve Bank increased the official...
-
Business
Retirement Commissioner calls for asset cap rise on accommodation supplement
Tuesday, 29 November 2022, 9:40AMThe Retirement Commissioner has called for the asset cap on the accommodation supplement to be increased to at least $42,700...
-
Business
Tower profit dragged down by provisions and large claims
Wednesday, 23 November 2022, 2:49PMExtra provisioning for the Canterbury earthquakes and possible customer remediation as well as higher claims for large events...
-
News
NZers likely to be caught up in FTX collapse
Wednesday, 16 November 2022, 1:48PMThe Financial Markets Authority has reinforced its warnings to consumers about the risks of trading in crypto assets in the...
-
Business
Negative equity warning for home buyers: Rising interest rates test NZ’s financial resilience
Wednesday, 2 November 2022, 11:39AMSome households and businesses will be challenged by rising interest rates and financial institutions should take a long-term...
-
Business
More banks move to increase interest rates
Friday, 21 October 2022, 2:11PMTwo more banks bumped up their mortgage rates today again in more bad news for borrowers while there are some positive signs...
-
Business
Workers need to be back in the office- Kiwi bank boss
Tuesday, 18 October 2022, 2:12PMWorkers need to come back to the office to enable collaboration, help train newer staff and be seen for promotional opportunities,...
-
Business
Bank payouts to wronged customers top $109 million in four years
Thursday, 6 October 2022, 12:00PMBanks have paid out $109 million in remediation to 952,000 customers after New Zealand regulators reviewed the sector. Last...
-
Business
Heavy discounts as ANZ launches green business loans
Friday, 2 September 2022, 2:25PMANZ is the latest bank to offer discounted loans to businesses that want to fund green initiatives. Businesses will be able...
-
Business
Lollipops Educare Centres sold for $46m
Tuesday, 30 August 2022, 12:52PMEvolve Education Group has a conditional agreement to sell its childcare business Lollipops Educare to a fund managed by...
-
Business
Humm to stop offering NZ buy now pay later service
Friday, 26 August 2022, 2:16PMAustralian financial services group Humm is to close down its Kiwi buy now pay later operation on September 25. The ASX-listed...
-
Business
Sky-high cost blowout: Air NZ posts $725 million loss
Thursday, 25 August 2022, 10:40AMHigher fuel and labour costs have led to Air New Zealand more than doubling its loss in its latest financial year. The airline...
-
Business
Kiwibank profit 'best result in 20 years'
Thursday, 18 August 2022, 12:29PMKiwibank's profit has hit a record high after strong home and business lending growth. The state-owned bank's net profit...
-
Business
Young adults more likely to have payment problems
Tuesday, 16 August 2022, 2:45PMYoung adults are more likely to have problems meeting payments and be living pay cheque to pay cheque than the population...
-
Business
Fisher Funds pays $310 million to buy Kiwi Wealth
Monday, 15 August 2022, 10:59AMFisher Funds is to buy Kiwi Wealth from state-owned Kiwi Group Holdings for $310 million in a deal expected to make Fisher...
-
Business
Higher natural peril costs pull down profit for insurer IAG
Saturday, 13 August 2022, 12:25PMA significant increase in natural peril costs has dragged down the profits of IAG New Zealand - the country's largest general...
-
Business
ASB profit up 11 per cent to $1.47 billion
Wednesday, 10 August 2022, 11:27AMLending growth pushed profits at ASB up 11 per cent to $1.47 billion for the year to June 30, despite a slowdown in the property...
-
Business
Nearly $5 billion wiped off KiwiSaver value in three months
Wednesday, 10 August 2022, 10:22AMThe total value of New Zealanders' KiwiSaver assets fell $4.95 billion in the three months to June 30, bringing it down to...