Wellington, Feb 9 NZPA - GE Capital has promoted former managing director of retail, Skander Malcolm, as chief executive of GE Capital Australia and New Zealand.

Wellington, Nov 4 NZPA - Westpac is underlining its commitment to New Zealand after a "challenging and disappointing" year in which the bank's cash earnings halved to $236 million.

Wellington, Nov 4 NZPA - Westpac's New Zealand division reported its cash earnings halved to $236 million in the year to September.

Wellington, Oct 15 NZPA - ASB Bank's exposure to tax liabilities from disputed structured finance transactions is less than a third of rival bank Westpac's.

Wellington, Oct 8 NZPA - The tax ruling that went against Westpac Banking Corp today will have no impact on its credit rating, Moody's Investors Service said.

Wellington, Oct 7 NZPA - Investors will know by lunchtime tomorrow whether Westpac Banking Corp has to pay a tax and interest rate bill of $903 million.

Wellington, July 21 NZPA - A second credit ratings agency has said that potential tax payments worth hundreds of millions of dollars would be unlikely to pressure New Zealand banks' ratings.