Property favoured asset of wealthy classes
The China Private Banking Report 2012, by China Minsheng Bank and McKinsey, surveyed 700 Chinese with more than $1.2 million in investable assets.
The China Private Banking Report 2012, by China Minsheng Bank and McKinsey, surveyed 700 Chinese with more than $1.2 million in investable assets.
Striking Northland ratepayers could soon find their banks have effectively paid the council's bill from their accounts.
ANZ's New Zealand boss has received an 11 per cent boost to his pay package mainly driven by an increase in rights to own more shares in the bank.
But a systemically important bank may not be allowed to fail in future, says S&P.
Better attitudes towards saving and debt reduction in New Zealand are being driven by fear and are unsustainable, says the head of a major bank.
Bill English has defended banks against accusations from one of his own MPs that they are "gouging" customers with high overdraft rates, especially for farmers.
The New Zealand dollar gained after a report proposed giving Greece two more years to meet budget targets.
Profits for New Zealand's four largest banks have soared to close to $3.5 billion for 2011/12 after Westpac yesterday revealed another record result.
The release of any other disaster plan for a major part of New Zealand's economy would be big news, but not for banking. Bernard Hickey looks into it.
ANZ Bank sees no rush of customers to rivals with death of National brand.