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Tight margins take NZ bank profits lower
New research from KPMG shows the squeeze is going on interest rate margins.
New research from KPMG shows the squeeze is going on interest rate margins.
Nobody was injured when a man entered the bank and presented a firearm, police say.
Banks are doing the basics right in mobile banking but could do more for customers.
Ladies who lunch raise $110,000 for charity. Made with funding from NZ On Air.
Rising house prices and higher interest rates are making people rethink buying property.
Tennis stars Serena and Venus Williams have helped to fund community projects in Kaikoura.
Bank shares have taken a big hit on stock markets this morning following the Aussie budget
But don't expect to see any moves on interest rates for some time yet.
The second Procurement Awards were held at EY in Auckland last night
ASB bank has stepped up its financial advice KiwiSaver service.
COMMENT: The Shareholders' Association is on the warpath.
AMP and Westpac confirmed they will pull out of tobacco this year.
While most enjoyed the festival, four videos of brawls at or around Polyfest have appeared online.
KiwiSaver is a fantastic long-term superannuation scheme but it has one major drawback: limited domestic investment opportunities.
More than 2000 passengers will use it during morning peak, mostly university students.
To mark International Women's Day, ASB chief executive Barbara Chapman tells the Herald about five women she draws inspiration from.
A 20-year wait in lifting the age for superannuation eligibility from 65 to 67 will give the country time to adjust to the change, say business commentators.
The fifth annual Auckland Pride Parade has roared into life on Ponsonby Road.
ASB Bank is offering up to $100 million of five-year fixed rate notes.
Although it's still seen as a bad time to buy - particularly in Auckland - it's better than it has been, according to today's ASB Housing Confidence Survey.
House hunters on a budget will now be able to narrow their search thanks to an online tool which helps establish if their dream suburb is within reach.
Bank profits fell for the first time in seven years last year on the back of growing competition and a squeeze on bank margins.
How much banks have to pay for off-shore funding will be the main determinant of whether rates continue to rise this year, says ASB bank boss Barbara Chapman.
New Zealand's big banks need to become simpler, smaller and better in tune with their customers to survive the big challenges facing
Reserve Bank Governor Graeme Wheeler is expected to move his lips when he delivers his Monetary Policy statement on Thursday, but not much else.
Carrying a wallet full of credit and debit cards may soon be a thing of the past as more consumers sign up to pay-by-phone technology.
ASB bank says this week will mark the "end of the world as we know it" as Donald Trump is officially inaugurated as President.
The economy is expected to grow 3.5 per cent over the coming year, with construction, tourism and household spending to lift inflation.
Corporate presence within the arts and creative industries is no coincidence.