Ratings agency Standard and Poor’s has revised its outlook on some banks and credit unions moving their ratings from stable to negative. This means they each could be facing a ratings downgrade.

Official cash rate cuts are likely to be high on the Reserve Bank’s agenda once it has imposed tighter criteria on New Zealand’s banks, a commentator says.

Kiwibank has switched its headline home loan special rate from one year to two years.

BBY, Australia’s largest non-bank owned full service stockbroker, has taken a controlling shareholding in Edge Capital Markets, a private broking firm specialising in the futures and FX markets.

Another boutique funds management firm has hit the market, and starts off with a significant mandate.

The Institute of Financial Advisers has named a replacement for Joe Grayland to manage its learning and development programmes.

[Advertorial] The strong performance in equity markets so far this year and the historic lows in government bond yields prompts a discussion of what lies ahead for global asset markets and how one should deal with this as a long-term investor.

[Updated] A high-profile, and award winning mortgage adviser has joined Lifetime.

TOWER has announced this morning that it has sold its life insurance business.

Westpac’s New Zealand fund management arm has contracted out the management of more than $650 million in listed New Zealand stocks and property holdings to a new company started by employees.

Members of Tower Investments’ equities team have re-emerged as Castle Point Funds Management.
 

BNZ has started the week by upping the ante in the one-year home loan rate market.