Latest from Banking and finance

Former CFO of failed insurer CBL to pay $1.2m for continuous disclosure breaches

Carden Mulholland’s actions were described as 'serious and far-reaching'.

Govt accused of doing billion-dollar backroom deal with banks

Lawyer accuses Government of poor law-making process.

Xero to acquire US platform Melio in $4.1b deal

Accounting software firm Xero plans to buy Melio for US$2.5b.

$13b risk prompts Govt to back controversial bank law change

Banks are to benefit from the controversial decision.

House prices to be 20% lower in real terms by mid-2030s - forecast

House prices will be 20% lower in real terms by the mid-2030s than in 2021.

Opinion: Nicola Willis should challenge the RBNZ on prudential rules

The minister should interfere in RBNZ regulation, say Simon Jensen and Andrew Body.

‘Rip-off’: App developer and Consumer say fees will stifle open banking

Government, banks respond.

ANZ NZ's first-half profit edges up to $1.16 billion

Chief executive Antonia Watson says the flat result reflects the state of the economy.

Floating rate fad helps Westpac's profit grow 10%

Bank reports $525 million profit in six months.

AI could make crashes worse, amplify herd behaviour: Reserve Bank

One expert says the report doesn't go far enough, another says it overplays the risks.

Sasha Borissenko: Banking on blame - scam reforms too little, too late

OPINION: NZ's scam prevention lags behind global standards - here's why.