Westpac Group to not sell its New Zealand operations

• December 18, 2020 03:18 PM NZDT
• Team Kalkine Media

Australian and New Zealand Banking Group Limited (ASX:ANZ) has finally concluded its 2020 annual general meeting with 28.74 per cent shareholders voting in favour of transition planning disclosure. The transactional planning disclosure requires the C...

• December 17, 2020 06:45 PM NZDT
• Team Kalkine Media

Allied Farmers Limited (NZX:ALF) confirmed positive fulfilment of New Zealand Rural Land Co (NZRLC)’s $750k minimum IPO capital raise target from investors to invest in rural land. NZ Rural Land Management Ltd Partnership along with NZRLC...

• December 17, 2020 05:30 PM NZDT
• Team Kalkine Media

Summary Deal Involves a 10-year referral agreement for clients seeking insurance to Partners Life. Since BNZ and Partners Life are close business partners, the sale of BNZ is being called a “natural progression” of their partnership...

• December 15, 2020 04:55 PM NZDT
• Team Kalkine Media

Summary ANZ will now need residential property investors to have at least 40% deposit while borrowing and is a step taken to bring back balance to the housing market. Surging property prices and present settings that pivot towards property inve...

• December 14, 2020 11:46 AM AEDT
• Kunal Sawhney

Even as the large majority of the older Australians want to stay in their homes for as long as possible, rising costs and limited superannuation are affecting these changes while providing for a comfortable living. However, the solution to the prob...

• December 10, 2020 06:17 PM NZDT
• Team Kalkine Media

The latest data from ASB has revealed that about 6% of the KiwiSaver customers of the bank had shifted to lower risk cash and conservative funds in March this year, the time when share markets plunged to record lows due to COVID-19 induced impact. ...

• December 09, 2020 01:44 AM NZDT
• Team Kalkine Media

  The three major banks, Australia and New Zealand (ANZ) Banking Group Ltd, Citigroup Inc, Deutsche Bank AG, and six of firms’ former staff were asked to face trial in Australia’s NSW Local Court on Tuesday after pleading not guil...

• December 02, 2020 06:30 PM NZDT
• Team Kalkine Media

Summary In latter part of 2018, fifteen potential breaches of the Credit Contracts and Consumer Finance Act 2003 were reported by the bank. Breaches are connected to a few home, personal and credit card loans, among others amid June 6, 2015 and...

• December 01, 2020 01:29 PM AEDT
• Kunal Sawhney

The Australian Prudential Regulation Authority (APRA) has launched an action against Westpac Banking Corporation (ASX:WBC). The enforcement action is over the material breaches of liquidity standards set by the regulator.  APRA became aware o...

• November 30, 2020 05:18 PM NZDT
• Team Kalkine Media

Earlier this month, Westpac NZ struck a strategic wealth management partnership with Forsyth Barr. The bank has sold part of its New Zealand Wealth Advisory business to Forsyth Barr. The parties involved in the partnership would benefit from it.&nb...