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The Herald reports: The Reserve Bank (RBNZ) is upping the ante, trying to quash the narrative its approach towards regulating banks is hampering competition. The Herald understands RBNZ governor Adrian Orr wrote to the bosses of the bigfour Australian-owned banks late last week, using rather colourful language to defend the amount of capital the regulator
Recouping some of the losses in the previous three sessions, the Australian stock market is significantly higher on Friday, despite the broadly negative cues from Wall Street overnight.
Our big five banks have promised to maintain regional branches, for at least three years
Scoop Auckland provides news and views from Auckland, New Zealand
The Australian and New Zealand dollars took a breather on Friday after a week of choppy trading, with a disappointing survey on Chinese manufacturing providing another reason for caution. ...