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Bank of New Zealand

Moodys Sees Challenges For NZ Banks

Moodys Sees Challenges For NZ Banks
Wellington, Aug 13 NZPA - The New Zealand banking system is sound but its outlook continues to be negative, Moody's Investors Service said. The credit rating company was commenting on the release of its report is entitled Banking System Outlook: New Zealand.

Commission Settles With Visa On Interchange Fees

Commission Settles With Visa On Interchange Fees
Wellington, Aug 12 NZPA - The Commerce Commission has settled the issue of credit card interchange fees with Visa after the card company approached it.

Banks Costing Taxpayers $38 Million

Wellington, Aug 12 NZPA - The cost of structured finance legal cases against banks has topped $38 million, the Green Party says.

BNZ To Appeal Structured Finance Transaction Tax Case

BNZ To Appeal Structured Finance Transaction Tax Case
Wellington, Aug 11 NZPA - Bank of New Zealand has decided to appeal the tax case it lost in the High Court last month and is making a $661 million provision for the case in it accounts.

JBWere Optimistic About Growth After NAB Becomes Shareholder

JBWere Optimistic About Growth After NAB Becomes Shareholder
Wellington, July 29 NZPA - JBWere, the private wealth management business of which Bank of New Zealand's parent is purchasing 80.1 percent, aims to grow in New Zealand.

BNZ Parent Ties Up With Goldman Sachs In Wealth Management

Wellington, July 29 NZPA - Goldman Sachs JBWere and Bank of New Zealand's parent have tied up in a private wealth management business targeting the rich to be called JBWere.

NAB Raises Capital, Sees NZ Economy Stabilising

NAB Raises Capital, Sees NZ Economy Stabilising
Wellington, July 22 NZPA - National Australia Bank Ltd today cited the tax case it lost in New Zealand as a reason for raising new capital and said there are signs that the New Zealand economy is starting to stabilise.

NZ Sharemarket Jolted To Life By Strong US Market

NZ Sharemarket Jolted To Life By Strong US Market
Wellington, July 16 NZPA - The New Zealand sharemarket was jolted to life by a strong US equities market today and the gains were across the board. The benchmark NZX-50 index closed up 37.434 points, or 1.354 percent, at 2801.515. Turnover was worth $110.25 million.

BNZ Loses Court Case With $654m In Tax And Interest In Dispute

BNZ Loses Court Case With $654m In Tax And Interest In Dispute
Wellington, July 16 NZPA - National Australia Bank (NAB) switched a structured finance transaction from the UK to New Zealand when NAB's UK tax position became uncertain.

BNZ Loses Structured Finance Court Case

BNZ Loses Structured Finance Court Case
Wellington, July 16 NZPA - Bank of New Zealand has lost a court case in which $416 million of tax resulting from international structured finance transactions was disputed, but the bank said it is likely to appeal.

Credit Card Comparison TablesCompare Credit Cards - Independent interest rate and fees comparisons for New Zealand banks.