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Market News from the worlds top financial websites
Sat January 18, 20

Amsterdam to buy out young people's debt to give them a 'new start' - Sat January 18, 20 - NZHerald PersonalFinance
Amsterdam will reportedly buy out the debts of its young adult population to give them the opportunity to have a fresh start.A new trial project aims to curb the growth in money borrowing by young Dutch adults.A municipal credit... more ...
Mon January 6, 20

Kiwis left with $533m Christmas debt hangover - Mon January 6, 20 - NZHerald PersonalFinance
New Zealanders face over half a billion dollars in debt after splurging over the Christmas break. This according to financial comparison site Finder, which recently launched in New Zealand. The company's survey of 2,117 Kiwis... more ...
Sat January 4, 20

Five things I learned when I stopped carrying my bank cards - Sat January 4, 20 - NZHerald PersonalFinance
One day a few weeks ago, I absent-mindedly left my Eftpos card at home and was forced to survive on whatever change I had in my wallet for the day. I counted enough forgotten change in between all the 6-year-old receipts in my wallet... more ...
Thu January 2, 20

Best of 2019: What you need for a comfortable retirement - Thu January 2, 20 - NZHerald PersonalFinance
Every year, we trawl through the archives and republish a few of the standout business stories from the last year. This is essentially a mix of the most popular, topical or insightful pieces published in 2019. Here's one that made... more ...
Tue December 31, 19

Cooking the Books podcast: How to watch your pennies in 2020 - Tue December 31, 19 - NZHerald PersonalFinance
Each week the NZ Herald and Newstalk ZB's Cooking the Books podcast tackles a different money problem. Today, it's what to expect in 2020. Hosted by Frances Cook. This time last year when we tried to predict the future, the Herald's... more ...
Fri December 13, 19

How long it takes Kiwis to pay off debt after Christmas - Fri December 13, 19 - NZHerald PersonalFinance
Around one in every four adults went into debt to pay for Christmas last year and some are still paying it off, research shows.Young people - those aged 18 to 34 - were the most likely to go into debt to pay for the season with... more ...
Thu December 12, 19

Complacency found in ANZ director sign-offs - Thu December 12, 19 - NZHerald PersonalFinance
There was an element of complacency in the way ANZ's directors signed off requirements for the bank and its operation was piecemeal, an independent report on the country's largest bank has found.But the Deloitte report also found... more ...
Thu December 5, 19

Home loan interest rates set to rise off bank capital increase - Thu December 5, 19 - NZHerald PersonalFinance
Home loan rates could rise by 30 to 60 basis points in response to an increase in the amount of capital banks will have to hold, according to economists at the country's largest bank.After a year-long consultation, the Reserve Bank... more ...

Banking industry warning: 'There will be an economic impact' - Thu December 5, 19 - NZHerald PersonalFinance
There will be an economic impact from the bank capital changes announced by the Reserve Bank today, the industry body for the banks has warned.After a year-long consultation, the banking regulator revealed its final decisions today... more ...

Banks need to raise $20 billion to meet tough new Reserve Bank requirements - Thu December 5, 19 - NZHerald PersonalFinance
New Zealand's banks will have to raise around $20 billion to meet tough new safety requirements, but will have more time and flexibility to do so.On Thursday the Reserve Bank released its final decisions on its capital review, which... more ...
Tue December 3, 19

Insurance shake-up will put onus on providers - Tue December 3, 19 - NZHerald PersonalFinance
The onus will be on insurers to ask the right questions when it comes to people applying for new insurance, under proposed changes by the Government.Currently, it is up to consumers to disclose everything they think is relevant... more ...
Wed November 27, 19

Mike Hosking: Why is Adrian Orr punishing first-home buyers? - Wed November 27, 19 - NZHerald PersonalFinance
COMMENT I am not sure why, but I had assumed the Reserve Bank would move on LVRs yesterday. The same way I assumed they wouldn't cut the OCR the other day.There was logic for not cutting the interest rates, but there seems little... more ...
Tue November 26, 19

No relief for first-home buyers as mortgage restrictions stay - Tue November 26, 19 - NZHerald PersonalFinance
There will be no relief for first home buyers after the Reserve Bank decided to keep the home lending restrictions on the banks.Market commentators had been divided over whether the central bank would ease the loan to value ratios... more ...
Thu November 21, 19

More than $7 million of fraud attempts at ANZ - Thu November 21, 19 - NZHerald PersonalFinance
The amount of money fraudsters tried to get through New Zealand's biggest bank grew by more than 50 per cent to $7.3 million in the year to October.Figures from the ANZ show attempted fraud payments rose 56 per cent, up from $4.6m... more ...
Wed November 20, 19

Workers should have redundancy insurance - commission - Wed November 20, 19 - NZHerald PersonalFinance
By RNZ The government should look at an unemployment insurance scheme and add new benefits to help support people who lose their jobs, the Productivity Commission suggests.A commission report sets out what it calls 'promising... more ...

Worried about not having enough in retirement? Here's how to reduce the pressure - Wed November 20, 19 - NZHerald PersonalFinance
Continuing to work, even for just $5000 a year, after hitting 65 can substantially reduce the lump sum a person needs to live off in retirement.Every year the Westpac Massey Fin-Ed Centre produces updated figures for how much current... more ...
Tue November 19, 19

Debtors' anger at financial advisor Barry Kloogh's apology - Tue November 19, 19 - NZHerald PersonalFinance
'Crocodile tears and pathetic excuses''.That is how one man who lost his life savings through investing with failed financial adviser Barry Kloogh has reacted to Mr Kloogh's interview with the Otago Daily Times. READ MORE: •... more ...
Fri November 15, 19

BNZ boss Angie Mentis sees pay packet cut by $765k - Fri November 15, 19 - NZHerald PersonalFinance
Bank of New Zealand boss Angie Mentis has had her pay package cut by $765k to $3.08 million for the year to September 30.Details of Mentis' pay were reported today as part of the National Australia Bank's annual financial report.Last... more ...
Wed November 13, 19

Scammed investor: 'How could I be the fool to fall for this?' - Wed November 13, 19 - NZHerald PersonalFinance
A man who lost $200k to a cold-calling investment scammer says he has been left hating himself and haunted by the mistake that has cost him the investment savings he built up after selling his business.Greg* is one of three victims... more ...
Sun November 10, 19

There are more billionaires than ever, but their fortunes took a big hit in 2018 - Sun November 10, 19 - NZHerald PersonalFinance
More billionaires walk the earth than ever before, their ranks surging 40 per cent in five years, new research shows.The world's 2,100 billionaires saw their fortunes swell 34.5 per cent from 2013 to 2018, to US$8.5 trillion ($13.4t),... more ...
Last updated : Mon January 20, 20 - 00:09:18


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Disclaimer: All the information above is provided as a service for individuals and institutions. It should in no way be construed as a recommendation as an investment. Investment decisions should be based on the risk tolerance and planning horizon of the investor. Market participants must understand that past performance is also not a guarantee or predictor of future results.