Banking Sector

Reserve Bank of New Zealand Eases Proposed Policy Alterations for Outsourcing Services used by Banks

The Reserve Bank of New Zealand is looking at relaxing the policy changes which it plans to impose on banks which outsource their services. The change in attitude came after the lenders warned the Reserve Bank of the associated higher costs.

Most Kiwis believe banks overcharge fees

According to a new survey in New Zealand, a majority of people in the country believe that they are being over-charged by their bank for fees and other charges.

Canstarawards 5-star rating Warehouse Money Purple Visa Card

Canstarawards 5-star rating Warehouse Money Purple Visa Card

Prestigious rating agency Canstar has announced that it is awarding a 5-star rating to Warehouse Money Purple Visa Card, which was launched just six months earlier.

European Central Bank will Phase Out €500 Note by 2018

European Central Bank will Phase Out €500 Note by 2018

Bigger the note better it is for money launderers and other criminals and keeping that in mind the European Central Bank decided to phase out 500-euro notes. On Wednesday, the European Central Bank announced that it will discontinue with _500 note which is worth roughly $575.

Federal Reserve Gives No Hint of Rate Hike; Will Closely Monitor Inflation Indicators and Global Economy

Federal Reserve Gives No Hint of Rate Hike; Will Closely Monitor Inflation Indic

There were changes in the interest rates this time but the Federal Reserve left doors open for a hike in June when the Federal Open Market Committee meets next on June 14 and15.

The recent from FOMC remained more or less the same as the earlier one and gave no strong indications regarding the decision that will be taken during the meeting in June. The intention of the Federal Reserve will surface in three weeks as the minutes for this meeting are released.

MediaWorksapologises to RBNZ for leak

MediaWorksapologises to RBNZ for leakNewshub's owners Mediaworks has apologised to the Reserve Bank of New Zealand after it admitted that one its staff told his colleagues about the bank's decision to lower interest rates about an hour before the official announcement.

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