Latest from Banking and finance

Banks accused of unnecessarily hiking mortgage rates

Are banks putting profits ahead of NZ's economic recovery?

Reserve Bank spending under fire – between-office travel cost hits $850k

The bank's costs for between-office travel in the age of Zoom has been labelled 'waste'.

Two lenders owed $71.7m on troubled Beachcroft Residences project

The Auckland apartments are nearly finished, but now the scale of the debt is revealed.

Tower Insurance fined $7 million for misleading customers

Tower has repaid more than $11.7m to affected customers after the breach.

'Largest penalty so far': Westpac hit over lending failures

The High Court imposed a $3.64m fine on Westpac over loan disclosure failures.

Reserve Bank comfortable, despite markets suggesting fixed mortgage rates might rise soon

Did the Reserve Bank really expect markets to react the way they have?

Has the Reserve Bank just put unhelpful upward pressure on mortgage rates?

Market reaction to OCR cut suggests the Reserve Bank may have bungled its comms - again.

Biggest fine of the year: Real estate agent hit with $10,000 penalty for misuse of vendor funds

"If I have made any mistake, I am happy to do anything to rectify it," Lillian Chen said.