Government scrambles to regulate the ‘Wild West’ of genetic testing by insurers
Business and science move at a quicker pace. Source: NZ Herald Business News
Households’ bank balances shoot up as savers lock in high interest rates before they fall
What will happen to all these funds as interest rates fall? Source: NZ Herald Business News
CCCFA lending rules to ease again, directors and managers will no longer be personally liable for breaches
Minister Andrew Bayly believes number of changes will make it easier to get a loan. Source: NZ Herald Business News
NZ needs a capital gains tax and slimmer superannuation payments, outgoing Treasury head Caralee McLiesh says
Caralee McLiesh says structural changes are required to address NZ's structural deficit. Source: NZ Herald Business News
High interest rates see bank switching among those with mortgages hit record high
ComCom believes banks could still make it cheaper for customers to leave. Source: NZ Herald Business News
Kiwibank’s Steve Jurkovich open to foreign investment, but says more government capital might be needed
The bank might need more capital in a few years' time if it keeps growing quickly. Source: NZ Herald Business News
Nicola Willis’ commitment to banking competition to be tested, as she decides how to distribute the costs of deposit insurance
Will she favour the approach of the Reserve Bank or the Commerce Commission? Source: NZ Herald Business News
Commerce Commission report on banking competition due out this morning; Government flags openness to taking action
What's already been said and done to improve banking competition. Source: NZ Herald Business News
Suncorp CEO Jimmy Higgins sees insurance premium hikes continuing to surpass the inflation rate
Insurer expects jump in reinsurance costs post-Cyclone Gabrielle to moderate. Source: NZ Herald Business News
Borrowers and savers to feel the effects of an OCR cut relatively quickly – Reserve Bank deputy governor Christian Hawkesby
A large portion of mortgage debt will be repriced this year. Source: NZ Herald Business News