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Banking and finance news
Diana Clement: Simple steps to cut banking costs and save big
OPINION: Banks earn billions while Kiwis pay avoidable fees and interest.
‘State-house boy from Naenae’ to property magnate: Sir Bob Jones' colourful, controversial life
He didn’t suffer fools, loved boxing, smoked a pipe and liked to buy buildings on corners.
Game on: NZ Cricket's bold deal to transform the Black Caps' future
A New Zealand Cricket-backed T20 franchise could be based in Toronto or Atlanta.
'Political interference': Concerns over RBNZ's capital rules review
Conflict zone: NZ's independent central bank and the Finance Minister's agenda.
BNZ fixed loan rate falls to 4.95% as major banks trim mortgage rates
Special rates are being offered under 5% after the OCR dropped 25 basis points.
Nadine Higgins: Deposit rates tumbling – where do I put my savings now?
OPINION: Term deposit rates have fallen from 6% last year to about 4.3% now.
Law change could quash 150,000-person strong class action against ANZ and ASB
Bank customers could miss out on hundreds of millions in compensation.
$6.6t rout: US stocks plunge for second day as China retaliates, Fed issues inflation warning
The US$6.6t two-day rout is only rivalled by 2020's pandemic meltdown and the GFC
Fraud convictions see lawyer struck off
Law Society action follows guilty plea to mortgage fraud charges.
Billions sitting idle: Should banks be more proactive to help us earn interest?
A closer look at which banks prompt customers to get more bang for this buck.
RBNZ to review controversial bank rules, championed by Adrian Orr
Decision comes as banks lobby for loosening of rules.
Builders of Auckland’s abandoned 57-level Seascape tower win $33m claim
Judge: 'I order Shundi to pay the sum in the statutory demand within five working days.'
'Slow but complete breakdown': $9.8m real estate agency fight; Cooper company wins big award
Case revolved around protracted dispute between parties over branch established at Albany.
Why 56-level $300m+ Seascape tower is abandoned for seven months
Court decision in November prohibited the builder from acting till the paperwork was done.
Card payments: Unlikely contenders unite in call for surcharge ban
Deadline day in push to lower fees.
‘Grossly unfair’: Staff at Hatch owner FNZ revolt over capital raise
Some employees say their retirement funds have disappeared due to dilution.
Banks offer up to $20k cashback to lure new home loan customers
Cash incentives from lenders are driving competition for mortgages.
NZ banking net profit rises to $7.22b amid economic challenges
Profits were in the middle to upper end when compared with other countries.
How Orr’s departure from the RBNZ could benefit banks and lift the OCR
BNZ economist Stephen Toplis issues a warning.