ANZ, ASB and Westpac react to OCR cut: Floating, flexible loan rates down after Reserve Bank decision
ASB has also trimmed interest rates for customers, with executive general manager personal banking Adam Boyd saying there…
SEC’s Atkins considering roundtable on alternatives in 401(k)s, says private markets not ‘systemically important’ – Pensions & Investments
SEC’s Atkins considering roundtable on alternatives in 401(k)s, says private markets not ‘systemically important’ Pensions & InvestmentsPrivate Equity Is…
ASB reaches $135.6m settlement in Banking Class Action, ANZ fights on
“The agreement we’ve come to is a pragmatic way to settle this matter. “We continue to strongly support…
Ex-Reserve Bank Governor Adrian Orr to receive $416k ‘restraint of trade’ leaving payment
“The payment is due in October 2025, conditional on the terms being met. Under s 242 of the…
I don’t have a permanent home, how can I get a bank account? – Mary Holm
“People without a fixed address can still open a bank account, although the process can be a bit…
Supreme Court blocks Trump from immediately firing Fed governor Lisa Cook
Cook has challenged her removal in court, and currently remains a member of the Fed’s governing board, and…
House prices New Zealand: Economists say Official Cash Rate cuts needed to boost market
“This also suggests that mortgage rates could have a bit further to fall yet, especially for floating or…
More than half of Brits now use mobile wallets
A cash usage continues to dwindle, more than half of Brits now use mobile wallets for online and…
Mortgage rate cuts: ANZ drops fixed rate below 4.5% day after BNZ as OCR decision due next week
She said ANZ was continuing to review home loan rates in response to international and local market conditions,…
Why Europe needs the integration of capital markets
In the only Europe-centric session at Sibos in Frankfurt, Swift’s Marianne Demarchi led a conversation titled: “View from…
EPAA calls for industry-wide preparation for quantum threats in new report
The Emerging Payments Association of Asia (EPAA) has released a report on how quantum computing will exacerbate the…
Covid response: Reserve Bank admits ‘more aggressive tightening might have reduced inflation sooner’
After cutting the OCR to a low of 0.25% to help businesses and households survive initial Covid lockdowns,…