Banking and finance news
Du Val downfall: From champagne, private jets to receivership and $250m debt
It was a lifestyle of flashy opulence - until the money ran out.
Ten most valuable deals by foreigners trading NZ assets in latest year
Value of deals in 2024 was less than half the value of those the previous year.
'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.
Revolut applies for NZ banking licence
Fintech hopes licence will enable it to offer new products and enhance consumers' trust.
Retirement village dispute: Race, gender prejudice cited, residents lost
Fight over weekly fees charged by the operator had morphed into something else: decision
FMA welcomes High Court decision on CBL
The FMA has welcomed a decision on the estate of former CBLC director Alistair Hutchison.
NZ Herald Live: Christopher Luxon and Nicola Willis speak on OCR news
Christopher Luxon and Nicola Willis speak to media on the OCR news
Nadine Higgins: How to navigate the low equity minefield in NZ home loans
OPINION: Low-deposit borrowers face higher rates as banks reflect greater lending risks.
Ernie Newman: Why NZ's banks resist open banking - a call for change
OPINION: Calls for stricter deadlines to boost competition and benefit consumers.
Matthew Hooton: Willis ready to take on banks to boost productivity
OPINION: Economic and fiscal forecasts demand more aggressive reform.
India’s copycat drugmakers gear up to offer cheaper weight-loss drugs
Financial Times: 'When the generics come in there will be a huge price war.'
Nike tries to get back in the race as sneaker sales gather pace
Financial Times: Athletic footwear thrives as consumers seek wider choice of brands.
Tech Insider: Start-up raises $12m for its new way of business banking
PLUS: One NZ gets 'cell tower-in-the-sky' green light, LinkedIn's new take on AI.
Tech Insider: Start-up raises $12m for its new way of business banking
PLUS: One NZ gets 'cell tower-in-the-sky' green light, LinkedIn's new take on AI.
China to borrow more to shore up economy, boost banks
Financial Times: Minister of Finance Lan Fo'an gave few details on the amount of funding.
Better times ahead? NZ yield curve points to improved outlook
New Zealand's yield curve has continued to steepen after the RBNZ's rate cut this week.