Wellington, May 27 NZPA - Standard & Poor's assesses the chances of a privatisation of Kiwibank as low and is keeping its AA minus rating of the state-owned bank unchanged as a result.
But it said any change in ownership of the bank would trigger a review of its credit rating.
Wellington, May 27 NZPA - Finance Minister Bill English defended Australian-owned banks today as he continued to field questions in Parliament about the Government's stance on the future ownership of Kiwibank.
Wellington, May 27 NZPA - Prime Minister John Key says Kiwibank chief executive Sam Knowles, who resigned yesterday, would have been a strong candidate to run New Zealand Post if he had wanted the job.
Wellington, May 26 NZPA - Prime Minister John Key says he wasn't surprised to learn Kiwibank chief executive Sam Knowles had announced his resignation.
"He told me some time ago he was thinking of standing down," Mr Key told reporters.
It has been reported that due to depreciation been done away with on the improvement portion of investment property (takes effect on 1 April 2011 next year) some are set to lose as much as $1000 a year and some are saying it won’t stop there.
Wellington, May 25 NZPA - The Government would be interested in any international moves to prevent the next property bubble forming, Finance Minister Bill English told a business audience this morning.