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ASB Bank profit dips, impairments nearly halve
Profits have dipped at ASB Bank, but loan impairment charges have halved.
Kiwibank joins rivals, lifts rates
Kiwibank has joined ANZ, Westpac and TSB today, moving to increase floating mortgage rates and cut longer term fixed rates.
ASB first big bank to hike rates
The first of the big banks has hiked its floating mortgage rate after the Reserve lifted the Official Cash Rate by 0.25 per cent last week.
<i>Inside Money:</i> ASB shuts funds and mouth
ASB's decision to close a number of its retail funds caused a bit of a kerfuffle recently but it shouldn't have been a surprise.
<i>Inside Money: </i>KiwiSaver - where do the dollars go?
Research house Morningstar gets an extra star for its performance-enhanced KiwiSaver survey.
<i>Inside Money: </i>Sore winners should end frozen war
After contributing to a famous victory against the forces of financial bigness you'd think the Frozen Funds Group (FFG) would want to chill out a little.
Kiwibank follows rivals with big mortgage rate cuts
Kiwibank, which led its rivals in cutting two-year fixed home loan rates last week, has now followed them by reducing its three, four and five year rates.
Auckland house prices slump in June
Auckland house sales slumped 16pc in June, with the average sale price falling 3.6pc from a year ago, says real estate firm Barfoot & Thompson.
Mortgage rates hike - all the banks now up
All the major trading banks have now lifted their mortgage rates, with BNZ becoming the last to move following the recent OCR hike.
ANZ, National Bank raise interest rates
ANZ and National Bank have announced increases to their variable mortgage and savings account rates of around 25 basis points.
ASB lifts interest rates - first bank to move
ASB Bank has become the first big bank to lift its interest rates - and it says there are more to come.
<i>Bernard Hickey: </i> Why house prices will fall 15 per cent
New Zealand's housing market is running out of puff.