Kiwibank cuts home loan rate
Kiwibank cuts home loan rate
Kiwibank is cutting its two-year fixed home loan rate to 6.99 percent per annum from 7.30 percent.
Kiwibank
Govt agrees to support NZ Post, Kiwibank
Govt agrees to support NZ Post, Kiwibank
The Government has confounded pundits by agreeing to provide uncalled capital to New Zealand Post and Kiwibank, thereby keeping them out of the hands of the private sector.
English welcomes Heartland plan
English welcomes Heartland plan
Proposals for starting a listed New Zealand-owned, South Island-based bank have been welcomed by Minister of Finance Bill English, to fill the lending gap left by the exit of finance companies during the past two years.
Key not ruling out Kiwibank sale in future
Key not ruling out Kiwibank sale in future
The sale of Kiwibank remains a live issue after Prime Minister John Key refused to rule it out when pressed in Parliament today.
Asset sales
Asset sales
An "exchange of views" in Parliament on Tuesday was instructive to onlookers concerned to discover current attitudes towards the sale of taxpayer-owned assets.
Softening us up before going for the hard sell
Softening us up before going for the hard sell
Many people are starting to believe that the National-led Government is preparing to partially privatise several state-owned enterprises, with Finance Minister Bill English indicating there would be strong demand for Kiwibank shares. Business editor Dene Mackenzie investigates what is on offer.
National in need of innovative privatisation policy
National in need of innovative privatisation policy
While Bill English was seriously off-message when he gave his strongest hint yet that he wants to privatise Kiwibank, his faux pax may be a blessing in disguise for National.
Kiwibank CEO departure blamed on English's gaffe
Kiwibank CEO departure blamed on English's gaffe
The sudden resignation yesterday of Kiwibank chief executive Sam Knowles was being laid firmly at the feet of Finance Minister Bill English.
Key not surprised by resignation of Kiwibank boss
Key not surprised by resignation of Kiwibank boss
Prime Minister John Key says he wasn't surprised to learn Kiwibank chief executive Sam Knowles had announced his resignation.
Kiwibank needs NZ control, says outgoing boss
Kiwibank needs NZ control, says outgoing boss
The outgoing boss of Kiwibank is adamant the state-owned business needs to remain under New Zealand control.
`Aggressive' armed robber flees bank with cash
`Aggressive' armed robber flees bank with cash
A bank robber described as "highly aggressive" has fled a bank in east Hamilton with an unknown amount of money.
Kiwibank signals $150 million retail capital raising
Kiwibank signals $150 million retail capital raising
State-owned Kiwibank is signalling it will raise up to $150 million through the sale of perpetual preference shares, which are effectively bonds, to the public.