NZ life, mortgage insurers likely to weather pandemic better than Australia
By Brent Melville | Tue, 02 Jun 2020
New Zealand life and mortgage insurers are likely to fare better than their Australian counterparts next year as income protection claims bite across the Tasman. Global ratings agency Standard and...
Tower signals 108 job losses as looming recession threatens growth
By Paul McBeth | Fri, 29 May 2020
Tower is considering laying off 108 staff as it battens down the hatches ahead of the looming recession. The general insurer reported a 12.9 percent drop in underlying earnings to $16.9 million in...
Govt's new small business loan scheme lends nearly $1b
By Jenny Ruth | Wed, 27 May 2020
The government's small business loan scheme that bypasses banks in favour of the Inland Revenue Department processing applications is proving far more successful than the earlier business finance guar...
SBS, Cooperative banks expect little impact from Fitch downgrade
By Jenny Ruth | Tue, 19 May 2020
SBS Bank and Cooperative Bank expect little immediate impact from Fitch Ratings downgrading their subordinated debt to below investment grade. Fitch affirmed both banks' main "BBB" ratings although...
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