Business Scoop


Credit Madness Inquiry Must Be Open And Transparent

Press Release – ACT New Zealand

Reports that Commerce Minister David Clark has asked the Council of Financial Regulators to inquire into December’s changes to the Credit Contracts and Consumer Finance Act is welcome news, but the inquiry must be real, says ACT Leader David … Read more »

Equifax NZ Quarterly Consumer Credit Demand Index: December 2021

Press Release – Equifax

AUCKLAND 13 January 2022 A drop off in demand for home loans during the December 2021 quarter was predominantly fuelled by lockdowns, according to Equifax New Zealand Managing Director, Angus Luffman. The latest data from Equifax New Zealand … Read more »

Global Trade Finance Market Projected To Boost At 64,412.10Mn And Growing At A CAGR Of 3.78% By 3031

Press Release – WiredRelease

The global Global Trade Finance Market is expected to be worth around 64,412.10Mn by 2031, growing at a CAGR of 3.78% during the forecast period 2021 to 2031 A New Report on the Global Trade Finance Market was recently published by … Read more »

Covid-19 And International Banking Stalls NZ Business Global Expansion

Press Release – Wise

Auckland – January, 2022 – Kiwi businesses have global ambitions but Covid-19 and international payments are the most significant barriers to expanding overseas, according to new research by Wise Business, the business account for going global. The new … Read more »

Call For Kiwibank To Drop Rates

Press Release – Social Credit

Social Credit is calling on Kiwibank to drop its lending rates, particularly for first home buyers and small and medium businesses. As a bank owned by all New Zealanders Kiwibank has a responsibility to take into consideration social factors rather than … Read more »

Don’t Be The Christmas Grinch – Budget Accordingly!

Press Release – New Zealand Institute of Chartered Accountants

It happens every year the shocking realisation that Christmas is just around the corner. For many of us, Christmas is a joyful time of year, but also a financial challenge with lots of extra costs and pressures. To make sure youre on the front … Read more »

Cybercriminals Adopt Con-artist Tactics To Trick Unsuspecting Kiwis

Press Release – Daniel Watson

Cybercriminals are stepping up their game in New Zealand with a combination of cybercrime strategies and telephone tactics straight out of the con-artists playbook. Author of the book ‘She’ll Be Right (Not!) a cybersecurity guide for Kiwi business owners … Read more »

Christchurch Fund Manager Sentenced For Fraud

Press Release – Serious Fraud Office

A Christchurch fund manager who defrauded investors and caused the loss of more than $80 million has been sentenced to eight years six months imprisonment with a minimum non-parole period of four years three months on charges brought by the Serious … Read more »

Christchurch Airport Establishes Its First Sustainability Linked Loan (SLL) Facility

Press Release – Christchurch Airport

Christchurch International Airport Limited (CIAL) has today successfully completed the re-financing of an existing debt facility with Westpac, at the same time converting it into its first sustainability linked loan. Chief Financial Officer Tim May says … Read more »

Banking Ombudsman Says Keep Watch For Scammers Over Summer

Press Release – Banking Ombudsman

As you put your feet up, keep your guard up for scammers over summer, especially online, says Banking Ombudsman Nicola Sladden. The Banking Ombudsman Scheme has updated their scams quick guide to help keep bank customers alert to increasingly sophisticated … Read more »

Feds Survey Shows Slight Uptick In Farmer-bank Relationship

Press Release – Federated Farmers

Farmers are feeling slightly more satisfied with relationships with their banks but interest rates are starting to rise and some are reporting a tougher attitude from lenders. Results from the November Federated Farmers Banking Survey show 67 … Read more »

Westpac NZ Welcomes Two New Executives

Press Release – Westpac

Westpac NZ has announced the appointment of Tania OBrien to the role of Chief Financial Officer and Martin Gaskell to the role of Chief Transformation Officer. Westpac NZ Chief Executive Catherine McGrath said Ms OBrien and Mr Gaskell would … Read more »

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