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Banking

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Opinion: The New Zealand Public’s KiwiBank On The Auction Block

August 22, 2024

Opinion by Hon. Matt Robson, former Alliance Party Cabinet Minister and Associate Minister of Foreign Affairs. In 2000, the Initial vote on Kiwibank in the Labour-Alliance government was 16 votes against from Labour, and four votes in favour from the Alliance. I was there when this was reversed, and in 2001 the four insurgent Alliance ... <a title="Opinion: The New Zealand Public’s KiwiBank On The Auction Block" class="read-more" href="https://eveningreport.nz/2024/08/22/opinion-the-new-zealand-publics-kiwibank-on-the-auction-block/" aria-label="Read more about Opinion: The New Zealand Public’s KiwiBank On The Auction Block">Read more</a>

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Owner beware: 4 reasons why selling part of Kiwibank could do more harm than good

August 2, 2024

Source: The Conversation (Au and NZ) – By Martien Lubberink, Associate Professor of Accounting and Capital, Te Herenga Waka — Victoria University of Wellington. To sell, or not to sell – that is the question various governments have asked since Kiwibank was established in 2002. Now it’s the turn of the current National-led coalition to ... <a title="Owner beware: 4 reasons why selling part of Kiwibank could do more harm than good" class="read-more" href="https://eveningreport.nz/2024/08/02/owner-beware-4-reasons-why-selling-part-of-kiwibank-could-do-more-harm-than-good-235885/" aria-label="Read more about Owner beware: 4 reasons why selling part of Kiwibank could do more harm than good">Read more</a>

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Bryce Edwards’ Political Roundup: Will the Govt act on mega bank profits and reform the banking sector?

November 9, 2022

Analysis by Dr Bryce Edwards. Political Roundup: Will the Govt act on mega bank profits and reform the banking sector? The corporate retail banks are making mega profits on the back of Government policies and indirect subsidies of recent years. As a result, there are calls from across almost the whole political spectrum for greater regulation ... <a title="Bryce Edwards’ Political Roundup: Will the Govt act on mega bank profits and reform the banking sector?" class="read-more" href="https://eveningreport.nz/2022/11/09/bryce-edwards-political-roundup-will-the-govt-act-on-mega-bank-profits-and-reform-the-banking-sector/" aria-label="Read more about Bryce Edwards’ Political Roundup: Will the Govt act on mega bank profits and reform the banking sector?">Read more</a>

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PNG banking regulator acts against BSP over money-laundering rules

July 14, 2021

Asia Pacific Report newsdesk Papua New Guinea’s biggest bank — Bank South Pacific with major branch networks across the Pacific region — is the subject of regulatory action by the country’s banking regulator BPNG over failure to comply with anti-money laundering regulations, reports the PNG Post-Courier. The Financial Analysis and Supervision Unit (FASU) of the ... <a title="PNG banking regulator acts against BSP over money-laundering rules" class="read-more" href="https://eveningreport.nz/2021/07/14/png-banking-regulator-acts-against-bsp-over-money-laundering-rules/" aria-label="Read more about PNG banking regulator acts against BSP over money-laundering rules">Read more</a>

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Keith Rankin on Deeply Negative Interest Rates

May 28, 2020

Analysis by Keith Rankin. On Project Syndicate – and in other places in recent months – orthodox US economist Kenneth Rogoff has presented the case for deeply negative interest rates. Another financial sacred cow falls; yes, interest rates can be negative, even substantially negative. It can take a while, though, for shot sacred cows to ... <a title="Keith Rankin on Deeply Negative Interest Rates" class="read-more" href="https://eveningreport.nz/2020/05/28/keith-rankin-on-deeply-negative-interest-rates/" aria-label="Read more about Keith Rankin on Deeply Negative Interest Rates">Read more</a>

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State of Play: What’s Happening to Kiwibank and How Many Branches Are Closing?

October 18, 2019

An EveningReport.nz investigation by Kevin List Evening Report looks into the separation of Kiwibank from New Zealand Post, and considers the impact on the public’s access to banking services in their communities. Kiwibank. What’s going on? Kiwibank and New Zealand Post are in the process of separating the two businesses. This means that both Kiwibank ... <a title="State of Play: What’s Happening to Kiwibank and How Many Branches Are Closing?" class="read-more" href="https://eveningreport.nz/2019/10/18/state-of-play-whats-happening-to-kiwibank-and-how-many-branches-are-closing/" aria-label="Read more about State of Play: What’s Happening to Kiwibank and How Many Branches Are Closing?">Read more</a>

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Bryce Edwards’ Political Roundup: Dodgy banks under scrutiny

June 19, 2019

The sudden departure of ANZ CEO David Hisco this week has been sold as the bank having high standards of accountability. The intention is obviously to reassure the public, customers, shareholders, regulators and the politicians that all is well, and the local board of ANZ has everything under control. But not everyone’s convinced. And there ... <a title="Bryce Edwards’ Political Roundup: Dodgy banks under scrutiny" class="read-more" href="https://eveningreport.nz/2019/06/19/bryce-edwards-political-roundup-dodgy-banks-under-scrutiny/" aria-label="Read more about Bryce Edwards’ Political Roundup: Dodgy banks under scrutiny">Read more</a>

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Bryce Edwards’ Political Roundup: Banking elites get a taste of the Zeitgeist

June 18, 2019

Shock, horror! An extremely wealthy CEO has been using chauffeur services, and the bank that he runs has been paying for it. Furthermore, that bank has been paying for the storage of his wine in Australia because they re-located him to New Zealand to be the CEO of their local operations here. For the full ... <a title="Bryce Edwards’ Political Roundup: Banking elites get a taste of the Zeitgeist" class="read-more" href="https://eveningreport.nz/2019/06/18/bryce-edwards-political-roundup-banking-elites-get-a-taste-of-the-zeitgeist/" aria-label="Read more about Bryce Edwards’ Political Roundup: Banking elites get a taste of the Zeitgeist">Read more</a>