Westpac has now joined ANZ bank and cut mortgage rates after the Reserve Bank dropped the OCR this morning.

The measure of economic activity using traffic data slowed down last month.

COMMENT: Normally the banks would just pass on the Cash Rate cut to mortgage borrowers and term-deposit savers, but this time is likely to be different.

Helicopter rides and late night trips to hotels are par for the course for bankers to New Zealand's wealthiest.

Economists say the drop was largely seasonal, as construction remained positive.

The legal status of New Zealanders in Australia faces a test after Perth-based Kiwis Charles and Judith Cairns were granted leave

Australia's High Court has dismissed an appeal in a class action suit against fees charged by ANZ Bank.

NZ's banks have shrugged off global market turmoil and depressed dairy sector to make a net profit of $1.2 billion in the first three months of this year.

The Reserve Bank driven the exchange rate down after it signalled a likely cut in the cash rate next month and raised possibility of further reduction.

COMMENT: If the Government needed another wake-up call it's got one.

A top banker's dire warning about Auckland's house prices shows there is a "complete crisis" in the property market, economist Shamubeel Eaqub says.

The chief executive of New Zealand's largest bank has warned that the property market may face a "messy end".

ANZ faces three separate High Court claims from farmers who bought controversial financial products from the country's largest bank.

New Zealand firms turned optimistic about the state of the economy in the June quarter.

Jetstar employees are facing at least a day with no pay due to a glitch at ANZ.

ASB is the fourth major bank to impose lending restrictions on foreign home buyers.

BNZ has joined ANZ Bank and Westpac's local unit in restricting mortgage lending for foreign property buyers.

Two of our biggest banks will no longer lend to overseas-based buyers of New Zealand property.

ANZ's operation in the country is reportedly reducing exposure to struggling industrial sectors and "cherry-picking" higher quality customers.

ANZ New Zealand posted a drop in half-year profit as expenses and bad debts rose, while margins were squeezed amid a fiercely competitive lending market.

New Zealand consumer confidence rose in April as Kiwis remained optimistic about the state of the economy.

New Zealand shares fell, dragged down by dual-listed Australia & New Zealand Banking Group and Westpac Banking Group.

Henri Eliot talks publishing a skills matrix that provides shareholders with the information needed to evaluate a board's skill set mix.

As digital disruption reshapes banking, the local ANZ operation is making space around the top table for tech-savvy talent.

For many people having their KiwiSaver account with the same business that has their mortgage, savings and credit cards seems like an easy solution.

Australia & New Zealand Banking Group's Kiwi unit reported a 6 per cent fall in first-quarter profit as tight lending competition ate into margins, even as it grabbed a bigger slice of the....

There has been a further senior management reshuffle at Australia & New Zealand Banking Group's local division.

Mortgage rates for Kiwis could go up amid global concern about credit risk.

Savers should be aware of the assumptions used by online calculators that show what could be in their KiwiSaver account by retirement age.