Kiwibank slashes 1% from floating rates; Newpark seeks investment; ICBC cut;
Friday, June 12th 2020, 9:24AM
Kiwibank cut all floating rates by 1% yesterday, putting pressure on its big four rivals to do the same. New borrowers can access the rates from Monday: [READ ON]
Newpark is seeking investments from “strategic shareholders” as it positions itself for its 10-year plan, amid changes in the life insurance sector: [READ ON]
Meanwhile, Chinese bank ICBC has cut its one-year rate to 2.58%, effective this morning.
To compare the latest rate changes, have a look at our rates table.
| « ANZ launches 2.65% one-year special | Cash backs creep up; Kiwibank cuts » |
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