Credit concern could lift mortgage rates - expert
Mortgage rates for Kiwis could go up amid global concern about credit risk.
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.
"No payment will be made by ANZ to Mr O'Connor and each party will meet their own legal costs," the bank said in today's statement.
ANZ has had a senior management reshuffle, promoting two New Zealand leaders to his executive committee.
ANZ Bank chief executive Shayne Elliott has vowed to tackle any inappropriate behaviour at the bank following allegations by two former traders of impropriety.
ANZ customers were unable to use their bank cards at Eftpos and Paymark pay machines this afternoon.
Australia is picking up contactless payments, and New Zealand isn't far behind.
Henri Eliot talks to professional directors Mark Verbiest, Tony Carter, Doug McKay and Rob Campbell about their focal points in 2016.
ANZ, Westpac, Kiwibank and BNZ have now cut mortgage rates after the Reserve Bank reduced the OCR to a record low of 2.5 per cent.
The S&P/NZX 50 index fell 0.06 per cent, or 3.89 points, to 6069.74. Within the index, 23 stocks rose, 16 fell and 11 were unchanged.
But shine of record earnings dulled by news of slower growth.
China's decision to allow all married couples to have two children will be supportive for the New Zealand dairy industry, but only "at the margin", ANZ Bank said in a commentary.
Anger and frustration over glitch that brought down ANZ services.
ANZ Bank is working to fix a technical glitch which has caused all of its major services to be disabled tonight.
ANZ Bank New Zealand, the nation's biggest lender, has recorded a 0.3 percent gain in full-year cash profits.
A handful of farmers are refusing to settle or take a payout from the big banks that sold them controversial 'interest rate swaps'.
ANZ's choice of Elliott to replace the outspoken Smith shows the board wants to stick with its Asian Strategy.
The slip came as net interest income for ANZ Bank's NZ arm rose 4 per cent in the past financial year to $2.14 billion.
Downbeat economic commentary continued to flow yesterday, with Westpac saying it expects New Zealand's annual GDP growth to dip below 2 per cent, while ANZ's Truckometer is pointing to a clear....
Top of the Lake film maker Jane Campion has directed an ANZ Bank film campaign highlighting gender wealth disparity.
Worrying stat comes as ANZ says it'll keep paying into its staff members' KiwiSaver accounts who go on parental leave.
Things are still looking healthy for New Zealand's banks, despite a fall in lending margins at the start of this year.
Mortgage rates have dropped again. SBS Bank is offering a 4.85 per cent rate for an 18-month term - the lowest deal around.
Business confidence turned negative this month for the first time since February 2011, led by a gloomy agriculture sector.
Consumer confidence continued to weaken in this month's ANZ Roy Morgan survey.
Business confidence has slumped in the latest ANZ monthly survey.
ANZ has been singled out by the Commerce Commission for its misleading behaviour over interest rate swaps.
ANZ breached the Fair Trading Act for misleadingly representing interest rate swaps to some customers.