![Barry Soper: Cullen skilled at shifting money around](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Barry Soper: Cullen skilled at shifting money around
COMMENT: Michael Cullen's always been good at shifting money around without necessarily having to spend it, so what better way to finance KiwiBank than through his fund, writes Barry Soper.
COMMENT: Michael Cullen's always been good at shifting money around without necessarily having to spend it, so what better way to finance KiwiBank than through his fund, writes Barry Soper.
FRAN O'SULLIVAN: This is a Wellington deal that brilliantly suits the objectives of two finance ministers, current and former.
The special dividend will be gained from the sale of a 45 per cent stake in Kiwibank.
Bill English says NZ Post's plan for ACC and NZ Super Fund to buy into Kiwibank will ensure bank remains wholly Government owned.
COMMENT: Mike Hosking asks, what the $100m that the Greens want to give to Kiwibank will get NZ. Does it give the Government the right to dictate how the bank operates?
Kiwibank would get a $100 million capital injection to turbo-charge its expansion and create more competition in the banking sector, under Green Party policy.
New Zealand Post, struggling with falling mail volumes, has put its art collection up for sale.
Emails purporting to be from Kiwibank and asking customers to upgrade to a new security system are spam, the bank is warning.
Hundreds of Wellingtonians have had their bank cards blocked after a Kiwibank ATM fell victim to international scammers.
State-owned bank now offering six-month rates of 5.19 per cent - and 4.59 per cent for a two-year term.
Martin Hutchin sold investment properties in Invercargill and Huntly and was described as a "risk to the community".
Chief executive Brian Roche said NZ Post starts $30m behind each year from the "structural decline" of the mail business.
Things are still looking healthy for New Zealand's banks, despite a fall in lending margins at the start of this year.
Looking at KiwiSaver through the “Why should I?” lens.
ANZ and KiwiBank have cut their mortgage rates as speculation grows the Reserve Bank will cut the OCR.
KiwiSaver providers are struggling to move savers out of the default funds despite a requirement by the Government to give people more information on their choices.
The lawyer heading up a legal fight against NZ's major banks over fees says he won't be throwing the towel in despite a ruling in favour of ANZ in Australia.
At least four banks have quietly dropped cash incentives aimed at wooing home loan customers.
Home loans became more affordable last month, with the typical home buyer saving $30 per week on mortgage repayments compared to December.
State-owned Kiwibank has posted a record interim profit of $71 million, and suggested it may commence dividend payments.