The banks argue that they are already responsible lenders and that the law changes should be targeted at loan sharks and lower tier lenders rather than them.
Month: March 2014
Help limited for drought-stricken farmers
Bankers’ Association chief executive Kirk Hope says any farmers finding it tough should talk to their bank right away.
Drought-affected farmers encouraged to talk to their banks
Drought-affected farmers should talk to their banks said the New Zealand Bankers’ Association in response to increasingly dry conditions in parts of Northland and Waikato. “We encourage any farmers facing hardship as a result of the lack of rain to contact their bank to discuss options for assistance and how they can work through these… Read more »
Interest free mortgage
Questions to ask if you’re considering putting your money into a savings pool.
Draft Financial Markets Conduct Regulations (second tranche)
Ministry of Business, Innovation and Employment
OCR rise well signalled
The 25 basis points rise in the Official Cash Rate to 2.75% announced by the Reserve Bank of New Zealand today was widely expected said the New Zealand Bankers’ Association. “The OCR rise has been clearly signalled by the Reserve Bank Governor for some time, and comes as no surprise,” said New Zealand Bankers’ Association… Read more »
Bank workers union looks for increased pay and improved conditions for staff facing ‘high levels of stress’
Banking industry body the New Zealand Bankers’ Association said the union’s claims “undermine the great work that frontline staff do in engaging with customers”.
Sound banks support economic growth
New Zealand banks continue to be strong and stable according to KPMG’s Financial Institutions Performance Survey for the 2013 financial year. “Our banks are among the best funded and regulated in the world, and highly competitive. That’s good for New Zealand households, businesses and our economy,” said New Zealand Bankers’ Association chief executive Kirk Hope…. Read more »
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