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A service for banking industry professionals · Sunday, April 27, 2025 · 807,150,036 Articles · 3+ Million Readers
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New Zealand Banking Industry Newswire

  • Published on 00:52 GMT

    Banks update code to combat scams

    Where a bank fails to meet five scam protection changes, they will have to compensate all or part of the customers losses if scammed. New Zealand Banking Association chief executive Roger Beaumont said the new measures would help protect customers from  …

    Source: SunLive - Center-right
  • Published on Apr 24, 2025

    New Zealand sharemarket descends into correction territory – Stock Takes

    But Wall Street’s S&P500 index is still down by 12.5% from its recent peak, having at one point being 18.9% lower. The Nasdaq, which has a high proportion of US technology stocks as its constituents, is down 17.2% from its peak, after being 24.3% down. …

    Source: The New Zealand Herald - Neutral
  • Published on Apr 26, 2025

    Emirates has high hopes for recruits

    Abdulaziz Al Ali is the executive vice president of human resources for the Emirates Group, the hiring division of Emirates Airline that already employs more than 55,000 people. Mr Ali speaks about the challenges he faces in recruiting an additional 8,000 …

    Source: The National News - Pro-Government
  • Published on 12:01 GMT

    A Mistake

    By DAILY MAIL REPORTER Published: 06:00 EDT, 27 April 2025 | Updated: 06:00 EDT, 27 April 2025 Elizabeth Banks stars as an under-pressure surgeon in a New Zealand medical drama Year: 2024 Certificate: 15 Her success as a funnywoman in movies from the Pitch …

    Source: Daily Mail - Right-wing
  • Published on 09:35 GMT

    Apocalypse averted, for now, as the US economy hangs tough

    So, Donald Trump’s tariffs will not produce a meltdown after all. For two reasons: the American economy is in rather good shape, and Trump has begun a series of pragmatic adjustments to the “no adjustment” policy that accompanied the announcement of his …

    Source: The Times - Center-right
  • Published on 06:37 GMT

    Ben Morgan’s Pacific Update: Confused US trade and foreign policy is the Pacific’s biggest security risk

    The first 100 days of the Trump White House has been chaotic. The new White House started its tenure by reducing support for Ukraine, being rude to its European allies, threatening to annex Greenland, and openly questioning the validity of NATO. Actions …

    Source: The Daily Blog - Indeterminate
  • Published on 03:04 GMT

    How America’s indebtedness is trimming Donald Trump’s wings – Jenée Tibshraeny

    If investors believe they’re taking on more risk, they’ll demand higher returns. Given the US’ net debt is nearing 100% of Gross Domestic Product (New Zealand’s is at 25% according to the same measure of debt used in an IMF comparison), its interest costs …

    Source: The New Zealand Herald - Neutral
  • Published on Apr 23, 2025

    New Zealand Banking Association updating practice code to better prevent scams

    The changes will be rolled out across 13 banks by the end of November. Photo: RNZ / 123rf The New Zealand Banking Association is updating the Code of Banking Practice for the countries banks to better protect customers from scammers. In an announcement …

    Source: RNZ - Public Broadcaster
  • Published on Apr 23, 2025

    How New Zealand home loan rates compare globally

    “Then it became, you know, it was more than a few people and eventually it became the whole market was fixed rates at low margins and the floating margins ...people don’t seem to care what their interest rate is there. “So those margins expanded while …

    Source: Mortgage Professional Australia - Neutral
  • Published on Apr 24, 2025

    'Half-baked': Banking scam protections fall short, says consumer advocate

    Banks must identify high risk transactions and unusual account activity as part of the updated code of practice. Photo: 123rf A consumer advocate has described bank changes designed to stop scams as half-baked and lacking in detail. The Banking Association …

    Source: RNZ - Public Broadcaster
  • Published on Apr 26, 2025

    Kiwi sex toy company Girls Get Off’s battle to find insurer

    “The New Zealand insurers had also said it was to do with, like, they weren’t super happy that we were shipping lots overseas. “That seems strange to me that in a world with so much e-commerce they would be uncomfortable insuring businesses that have …

    Source: The New Zealand Herald - Neutral
  • Published on Apr 23, 2025

    Roger Beaumont: NZ Banking Association CEO on the new suite of protective measures to block scams

    Telco companies and digital platforms need to step up to protect people from scams.  That's the message from the New Zealand Banking Association as they roll out a new suite of their own protective measures.  Chief Executive Roger Beaumont told Mike …

    Source: Newstalk ZB - Center-right
  • Published on Apr 23, 2025

    NZ banks to reimburse some scam victims up to $500,000

    Banks will now be required to reimburse scam victims up to $500,000 if they fail to adequately warn and protect a consumer from a scam. The Banking Association has announced five new protections introduced to the Code of Banking Practice, which will be …

    Source: 1News - Neutral
  • Published on Apr 26, 2025

    Governors, actors and a talking frog: Here’s who’s speaking at graduation

    This year’s list includes many of the usual suspects: governors, Cabinet secretaries and political commentators with well-known views on the most divisive issues of the day. It also includes scores of athletes and celebrities from outside the partisan fray …

    Source: The Boston Globe - Massachusetts - Neutral
  • Published on Apr 26, 2025

    May 2025 Monthly

    Image Source: Unsplash The global economy has entered a phase of heightened uncertainty, and at the center of this instability stands the United States. In a reversal of its traditional role as a pillar of predictability and leadership, the U.S. has …

    Source: myMotherLode - Pending
  • Published on Apr 26, 2025

    Auckland pensioner loses $158k after accidentally sending life savings to wrong account

    The account number provided to Westpac had only 15 digits, not the intended 16, so Westpac added a zero to the suffice as per its usual protocols. Che only realised his error two months later. Westpac immediately froze the woman’s account and was able to …

    Source: The New Zealand Herald - Neutral
  • Published on Apr 23, 2025

    Banks Step Up Customer Scam Protections And Compensation

    New Zealand’s banks are bringing in a suite of new measures aligned with global best practice to further protect New Zealanders from criminal scammers. The New Zealand Banking Association today announced a suite of consumer protections that will be …

    Source: Scoop - Indeterminate
  • Published on Apr 26, 2025

    Rents may be falling but there’s a long way to go

    There was some good news this week. Residential rents around New Zealand have fallen 2.3% over the past year with a record number of properties listed on TradeMe. It caught my eye because the house next door to my Wellington rental has been sitting vacant …

    Source: interest.co.nz - Neutral
  • Published on Apr 26, 2025

    Weekly Commentary: Hooked On Hedge Fund Leverage

    Image Source: Pixabay After three decades, I remain as skeptical as ever. Unconstrained Credit is destabilizing. Market-based (as opposed to traditional bank) finance took hold during the nineties and never looked back. Between July 1990 and September 1992 …

    Source: myMotherLode - Pending

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