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Banking and finance news
Bank switching among mortgage holders hits record high
Floating or going short term makes it easier for borrowers to change bank.
Property Insider: Questions about ‘defective’ apartments
How can it be that 19-year-old apartments need $36.6m repairs or $82m rebuilding costs?
Major bank cuts key home loan rate
One of New Zealand's major banks has moved early to cut home loan rates.
‘Full throttle’ - IRD steps up January liquidations for unpaid tax
Inland Revenue confirmed a busy start to the year with the number of court applications.
Hannah McQueen: Why earning good money won’t make you rich
Liam Dann talks to Hannah McQueen, founder of financial strategy firm EnableMe.
TSB Bank speaks up about 'unequal capital requirements and regulation'
Kerry Boielle on what the Taranaki-based bank needs to better compete with the big banks.
Bluestone Home Loans sold to ASX-listed Challenger for $597m
Challenger told Bluestone clients with direct debits that nothing would change for them.
Doing it tough: What households are dropping to cut costs
KiwiSaver holidays and insurance downgrades are some of the big cuts Kiwis are making.
Du Val downfall: From champagne, private jets to receivership and $250m debt
It was a lifestyle of flashy opulence - until the money ran out.
Fake lawyer claims: Kiwi fraudster labelled ‘charlatan’ in Dubai court
New Zealander with colourful history finds himself in third continent's courts.
Unconsented building work non-disclosure sees agents fined $18,000
Three Barfoot & Thompson agents pleaded guilty to unsatisfactory conduct in the case.
Du Val court hearing pencilled in
Judge this week will be considering PwC’s application for information in the case.
Florida funder loaned $28.2m to Rotorua housing project
Liquidator expects no loss to customers.
'It will not be the end' – Gloriavale CEO responds to BNZ closing accounts
Govt declines request to put statutory manager in place to manage Gloriavale's finances.
Editorial: Govt's Kiwibank move a good step in the right direction
OPINION: Ultimately, a public listing may be needed for it to reach a competitive scale.
Opposition to multi-billion dollar Beachlands scheme settled
'Development process can now move forward with the next phase of planning.'
Jenée Tibshraeny: Government caution on Kiwibank capitalisation a win – for now
OPINION: Why seeking local private investment in Kiwibank is a win for the Govt – for now.
Gloriavale risks closure after court allows BNZ to shut its accounts
Two-year legal dispute over BNZ's bid to ditch Gloriavale ends.
Popularity of short term mortgage borrowing surges – at a cost
Nearly 90% of new mortgage lending in October was floating or fixed for a year or less.