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retail deposit guarantee scheme

Ending Bank Wholesale Guarantee Not Seen As A Problem

Ending  Bank Wholesale Guarantee Not Seen As A Problem
Wellington, Feb 8 NZPA - A banking analyst does not see any problem in New Zealand matching Australia by ending a government guarantee on wholesale funds.

South Canterbury Finance Chief Executive To Leave The Company

South Canterbury Finance Chief Executive To Leave The Company
Wellington, Nov 26 NZPA - South Canterbury Finance Ltd chief executive Lachie McLeod is leaving the finance company, shareholders were told at the annual meeting in Timaru today.

South Canterbury Finance To Repay Private Placement Holders

South Canterbury Finance To Repay Private Placement Holders
Wellington, Oct 15 NZPA - South Canterbury Finance said it will repay its $US100 ($NZ135) million private placement facility over 5.5 months.

Parliament Backs Extension Of Financial Deposit Guarantee

Parliament Backs Extension Of Financial Deposit Guarantee
Wellington, Sept 9 NZPA - Parliament has unanimously backed the extension of a modified retail deposit guarantee scheme despite some sniping from opposition MPs.

Union Demands Job Protection Conditions In Guarantee Scheme

Union Demands Job Protection Conditions In Guarantee Scheme
Wellington, Aug 26 NZPA - Bank workers' union Finsec is again calling on the Government to put job protection conditions into the retail deposit guarantee scheme. Finance Minister Bill English yesterday announced the scheme would be extended, in revised form, until the end of 2011.

Some Finance Companies Face Challenging Times Says English

Some Finance Companies Face Challenging Times Says English
Wellington, Aug 25 NZPA - Finance Minister Bill English says some finance companies will find the next few years "challenging" as they try to meet a new regulatory regime and changes to the retail deposit guarantee scheme.

Retail Deposit Guarantee Scheme Extended: English

Wellington, Aug 25 NZPA - The Government retail deposit guarantee scheme will be extended until December 31 2011. The current scheme ends on October 12 next year and Finance Minister Bill English said today the extended scheme would include some changes.

Retail Deposit Guarantee Scheme Announcement Today

Wellington, Aug 25 NZPA - The Government is to make an announcement today about the retail deposit guarantee scheme.

Bank Questions Fairness Of Deposit Insurance Scheme

Bank Questions Fairness Of Deposit Insurance Scheme
Wellington, June 10 NZPA - At least one of the major banks appears uncomfortable with how the Government's retail deposit insurance scheme is affecting business.

Westpac NZ First Half Net Profit Down 15 Pct

Westpac NZ First Half Net Profit Down 15 Pct
Wellington, May 6 NZPA - Westpac New Zealand reported a 15 percent fall in first half net profit to $202 million, as impairment charges rose by $123 million to $184 million.