Archive for the ‘Banking industry’ Category

Government banking services to be tendered

Comments Off | 07-17-2014

Economic Development Minister Steven Joyce today welcomed the release of a Request for Proposals (RFP) for an all-of-government banking services solution.
“Core banking services for government haven’t been tendered for over 20 years and banking trends and technology have evolved considerably during this time,” Mr Joyce says.
“This RFP, released via GETS today, is an opportunity for [...]

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New appointment to Reserve Bank board

Comments Off | 06-24-2014

Waikato-based company director Tania Simpson has been appointed to the board of the Reserve Bank of New Zealand, Finance Minister Bill English says.
Ms Simpson is of Tainui, Ngāi Tahu and Ngāpuhi descent, and is the founding director of Māori policy advisory firm Kōwhai Consulting Ltd. She is currently a director of Mighty River Power [...]

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NZ one of best countries to do business – World Bank

Comments Off | 10-30-2013

Economic Development and Small Business Minister Steven Joyce today welcomed a new international report that puts New Zealand third in the world for ease of doing business.
The World Bank’s Doing Business report, released today, is an annual study measuring government regulations and their effect on business across 189 economies.
“This is excellent news. Only Singapore and [...]

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DHBs make $4M saving from collective banking

Comments Off | 09-11-2013

District health boards (DHBs) are saving around $4 million a year after signing up to a collective banking arrangement says Health Minister Tony Ryall.
“That’s $4 million that goes back into frontline health services,” Mr Ryall says.
“By moving to one bank nationally, DHBs have reduced their banking administration costs, standardised fees, and are earning a better [...]

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Banking sector leads the way with RealMe

Comments Off | 08-1-2013

Minister of Internal Affairs Chris Tremain has announced that a number of banks will soon be using the RealMe service to enable online banking customers to prove their identity.
“The Department of Internal Affairs has been working with a number of major banks to encourage them to use RealMe. Kiwibank and TSB Bank have confirmed they [...]

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SCF receivers sell the company’s $123 million loan book to Global bank, Nomura

Comments Off | 08-17-2011

The National Business Review (NBR) Tuesday reported that South Canterbury Finance (SCF) receivers have sold another chunk of the failed lender’s business to a global bank. However, the return to the taxpayer has been kept confidential.
Japanese investment bank Nomura has acquired South Canterbury’s consumer, business and rural loan portfolios – the last amongst the “good [...]

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Pyne Gould Corp. in bid to participate in EPIC banking restructure

Comments Off | 07-8-2011

Pyne Gould Corporation (PGC) announced it is to take on $14 million of debt to save George Kerr’s Epic infrastructure fund from being forced to sell its investments by lender National Australia Bank (NAB).
PGC has proposed to acquire a NZ$14m participation in NAB’s first ranking loan facilities to Equity Partners Infrastructure Company Limited (EPIC).
This participation [...]

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Goldman Sachs mulling 100% acquisition of Goldman Sachs & Partners in Australia & New Zealand

Comments Off | 04-8-2011

The Goldman Sachs Group, Inc., and Goldman Sachs & Partners Australia Group Holdings Pty Ltd (GS&P) Thursday announced they have commenced the formal process for Goldman Sachs to acquire the remaining 55% of GS&P.
Goldman Sachs currently owns 45% of GS&P. The remaining 55% is owned by current and former GS&P management and employee shareholders. The [...]

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Ratings agency confirms ratings for Canterbury Building Society and Southern Cross Building Society merger

Comments Off | 01-7-2011

Standard and Poor’s has confirmed its ratings on Canterbury Building Society and Southern Cross Building Society. The Ratings agency confirmed its ratings on the two firms that are planning a merger on Friday this week to form a new financial institution to be known as a “heartland” bank.
Standard & Poor’s also withdrew its “BB+/Stable/B” rating [...]

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CBS shareholders approve merger with Pyne Gould Corp Subsidiary Marac

Comments Off | 11-28-2010

CBS Canterbury shareholders have approved a proposed merger with Southern Cross Building Society (SCBS) and Marac, the subsidiary of Pyne Gould Corp.
The approval is the latest of a number being sought this week. On Monday Southern Cross Building Society shareholders gave approval but a second meeting of depositers is being held. A special meeting of [...]

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