MMG Advisory Partners strongly opposes DNZ Property Fund’s up to $140 million deeply discounted capital raising and the terms of the buy-out of the management contract.

Trying to establish the state of Australia-based ANZ Bank's position in the New Zealand mortgage market is impossible from the information disclosed in its September quarter general disclosure statement (GDS).

ASB Bank has reported a $124 million bottom line loss for the September quarter, reflecting a $77 million charge for bad loans plus a $208 million charge for tax due on structured finance transactions going back to 2001.

Hanover Finance has posted a $102.9 million net loss after writing $308.9 million off the value of its assets and its shareholders' funds have been completely wiped out.

Reserve Bank governor Alan Bollard's insistence on keeping his official cash rate (OCR) low could light a fire under house prices again, according to Westpac chief economist Brendan O'Donovan.

All ears in financial markets will be tuned to what Reserve Bank governor Alan Bollard has to say this week because nobody is expecting him to actually do anything.

The Hong Kong & Shanghai Banking Corp's New Zealand branch's mortgage book continued to shrink during the June quarter but its profitability jumped sharply.

TSB Bank's June quarter profit jumped 25.6% despite charges for bad loans rising and its mortgage book grew at slightly more than its market share.

ASB Bank's profitability improved in the June quarter and its mortgage book grew at slightly more than its market share.

Reserve Bank governor Alan Bollard left interest rates unchanged, as widely expected, and softened his bias towards easing further.

With one notable exception, economists are unanimous that Reserve Bank governor Alan Bollard will leave interest rates unchanged on Thursday.

SBS Bank's June quarter net profit jumped 53.1%, partly reflecting higher non-interest income such as a big jump in loan fees, and its mortgage book grew strongly.

National Australia Bank-owned Bank of New Zealand has reported a bottom line third quarter loss due to losing its structured finance tax case recently but its mortgage book grew strongly.

ANZ Bank's New Zealand operations have seen their profits plunge as charges for bad loans jump and their share of the mortgage market continues to erode.

Westpac New Zealand’s net profit plummeted 84% in the June quarter as charges for bad loans continued to escalate and its mortgage lending growth slowed after a surge in the March quarter.

The government-owned Kiwibank's profitability and its mortgage book continued their break-neck pace of growth in the June quarter.