
ASB misled court in 'half-truth case'
Two fraud victims’ $3.8 million lawsuit against ASB can go ahead without the pair needing to pay $60,000 upfront after a judge found the bank had misled the court.
Two fraud victims’ $3.8 million lawsuit against ASB can go ahead without the pair needing to pay $60,000 upfront after a judge found the bank had misled the court.
Banks will need to "reinvent themselves" if they want to keep increasing shareholder returns, according to a new report.
Auckland City coach Ramon Tribulietx was the architect of a significant footballing achievement last week - but will he stay in New Zealand?
A $6 billion drop in dairy farmers' incomes this season is a blow to the wider economy, no question, writes Brian Fallow. But it's not all bad.
The curtain is rising on the long-awaited Auckland Theatre Company's new Wynyard Quarter complex after ASB Bank upped its contribution.
Middle-aged home buyers face being locked out of the property market because banks are worried they are too old to pay off their mortgage before they retire.
ASB has joined Westpac in offering the new PayTag service, which involves stickers attached to smartphones to speed up payments.
A business owner who was mistakenly given thousands of dollars by his bank later had his account put into the red without warning.
Summer holidays are coming but Eli and Wyndi Tagi won't be expecting to switch off their phones.
Banks are offering cash, TVs and furniture vouchers to entice customers into taking out home loans - but experts warn consumers not to be taken in.
One of the biggest names in world sport, Venus Williams, will return for the 2015 ASB Classic as part of the NZ Festival of Tennis.
Chris Wilkinson was just 19 when he started in business, establishing what would become a chain of five one-hour photo stores around Wellington.
An improving economy helped boost ASB's annual net profit by 14 per cent to a record $806 million, but the bank's chief executive, Barbara Chapman, says bad-debt expenses are likely to begin trending upwards from their present low levels.
An improving economy and favourable funding conditions helped ASB Bank boost its annual statutory net profit by 14pc to a record $806 million.
Westpac New Zealand says it is gearing up to release a world first banking app that will allow customers to view their account details in 3D.
About 70 per cent of businesses surveyed by ASB Bank expect the New Zealand dollar to reach parity with the Aussie dollar over the coming year.
ASB boss Barbara Chapman expects the bank's strong growth to continue into 2014.
ASB's cash profits rose 12 per cent in the six months to December 31 to $393 million - breaking another record for the bank.
ASB Bank has pulled the plug on existing pre-approvals for low-equity home loans from October 4 but rival banks say they will continue to honour their pre-approvals.
ASB Bank boss Barbara Chapman is hoping the bank will continue its strong growth run but says it faces headwinds as borrowers switch to fixed mortgage rates .
Most major KiwiSaver providers say they are ready to start accepting transtasman super transfers but their Aussie counterparts aren't playing ball.
A mortgage interest rate below 2.48 per cent, determined by the number of "likes" the promotion gets on Facebook, is the latest bank bid to generate customers.