Toi Foundation to proceed with selling TSB to Heartland, ignoring bid from Kiwibank’s owner
“From the proposals we received, Heartland Group Holdings is the best deal. This is both in terms of…
Kiwibank makes eleventh hour push to buy TSB, as community efforts to stall the bank’s sale to Heartland fail in court
Today, Kiwi Group Capital chairman David McLean doubled down. “We have communicated our interest in TSB,” he told…
Kiwibank parent interested in talks with Toi Foundation over TSB future, profit down as competition squeezes margins
Kiwibank announced a decline in net profit for the June year, driven by a fall in margins, to…
Kiwibank and TSB the latest banks to put up mortgage rates
Its six-month fixed special moves from 4.69% to 4.79%, while the standard rate also jumps 10bps to 5.59%.…
Legal threat by former TSB chair slows progress on proposed merger of TSB and Heartland Bank
Heartland told the NZX and ASX it expected to hear back from Toi sometime in August. It said…
ASB, TSB and Nelson Building Society admit breaches under Credit Contracts and Consumer Finance Act
It also admitted failing to conduct affordability and suitability assessments when establishing or varying overdrafts and failing to…
Fitch moves Heartland’s credit rating outlook to positive after TSB merger proposal. What does the deal mean for customers?
“Heartland has been a bank that has grown up playing in niches and staying away from products that…
Heartland to buy TSB for $620m to create larger challenger bank with a regional focus
The foundation noted the Reserve Bank’s requirement for banks to hold more capital reduced the cashflow available for…
TSB cuts one-year fixed home loan rate to 4.39%
TSB is dropping its one-year fixed home loan rate to 4.39% per annum. Photo / Getty Images Burgess…
Mortgage rates: TSB introduces 4.39% one-year fixed rate, putting bank ahead of competitors
“As a community-owned bank, we’re here to support Kiwi, and this is one of the ways we’re showing…