ANZ Bank NZ Ltd introduced a new factor to its lending policy today – a discount for lifting the construction standard.
High Court judge Kit Toogood sentenced financier Paul Bublitz on Wednesday to concurrent jail terms of 3 years & 2 months on 6 charges related to using finance companies to try to save other businesses during the global financial crisis.
The Commerce Commission said yesterday it had filed High Court proceedings against Tauranga company Linsa Finance Ltd, seeking orders that it return costs of borrowing totalling about $680,000 for over 1700 loan contracts.
4 credit unions voted last week to combine forces, trading as NZCU Baywide. The members of a fifth, NZCU Steelsands, decided to stay independent.
Reserve Bank governor Adrian Orr said today the bank would ease its loan:value ratio (LVR) restrictions on banks’ new mortgage loans from 1 January.
The Reserve Bank published new data on the financial health of NZ-registered banks on Friday, the first quarterly update of key metrics since it launched the bank dashboard in May.