
Another bank shuts out foreign buyers
ASB is the fourth major bank to impose lending restrictions on foreign home buyers.
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.
About 80 per cent of residential subdivisions get some or all of their funding from one of the four main banks, one sector chief says.
ANZ says its KiwiSaver members took our $148m of retirement savings to buy their first home last year.
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.
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.
"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.
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.
Australia & New Zealand Banking Group's chairman has endorsed the Asia-focused strategy set eight years ago by outgoing chief executive Mike Smith, saying the lender should take advantage of what....
Women may be under-represented in senior roles, but when it comes to being seen and heard it can almost seem like they're not there at all, writes ANZ General Manager Human Resources Felicity Evans
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'.