Should the Australian banks list their NZ subsidiaries on NZX?

Should the Australian banks list their NZ subsidiaries on NZX?
Jenny Ruth
The Australian expert the Reserve Bank engaged to critique its bank capital proposals has suggested that the big four banks could list on NZX as a means of dealing with the regulator's desire to force them to hold more capital. James Cummings of Macquarie University is not the first to suggest this but he doesn't appear to have looked at how practical his suggestion is. "A cost-effective response of the four large New Zealand banks will be to raise additional equity financing by listing their common shares in New Zealand," Cummings says i...

More Finance

Budget 2024: tax relief on, surplus further off
Finance

Budget 2024: tax relief on, surplus further off

The package will be less generous than National’s election campaign promises.

Pattrick Smellie 27 Mar 2024
New Guardians of NZ Super CEO appointed
Finance

New Guardians of NZ Super CEO appointed

Townsend will be its first external CEO appointment since Adrian Orr in 2007.

Staff reporters 27 Mar 2024
Russia’s backdoor to the global banking system slamming shut
Finance

Russia’s backdoor to the global banking system slamming shut

Major Dubai lender has scaled back Moscow business, and Turks are now more cautious.