McVitty Properties has completed its liquidation, leaving creditor BNZ with a shortfall of about $2.6 million.

KiwiSaver providers are struggling to move savers out of the default funds despite a requirement by the Government to give people more information on their choices.

BNZ boss Anthony Healy says he doesn't believe the Auckland property market is entering bubble territory.

BNZ cash earnings have risen 4.5 per cent in the six months ended March 31 to $418 million as growth in housing and business lending, and lower funding costs, drove up net interest income.

Profits were squeezed in New Zealand's banking sector during the final quarter of last year as non-interest income decreased and impaired asset expenses rose.

The lawyer heading up a legal fight against NZ's major banks over fees says he won't be throwing the towel in despite a ruling in favour of ANZ in Australia.

At least four banks have quietly dropped cash incentives aimed at wooing home loan customers.

Thousands of BNZ customers are set to lose the ability to earn airpoints on credit card transactions, though the bank is offering a new cash-back incentive.

Air New Zealand is dropping BNZ in place of Westpac as its official Airpoints partner.

The monetary policy shadow board's advice to Reserve Bank governor Graeme Wheeler is unchanged from six weeks ago - keep the official cash rate on hold at 3.5 per cent, with a cut the next best....

The major banks are breathing a sigh of relief that the Reserve Bank has decided to drop the 5+ proposal.

Home loans became more affordable last month, with the typical home buyer saving $30 per week on mortgage repayments compared to December.

New Zealand's banks had a bumper 2014, with home loan demand amid a booming property market helping to boost their combined profit by more than 20 per cent to a record $4.8 billion.

Banks will need to "reinvent themselves" if they want to keep increasing shareholder returns, according to a new report.

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.

An architect of the Trinity forestry tax scheme has failed to convince the High Court to halt bankruptcy action against him.

Manufacturing sales rose in the third quarter as an increase in output of metal building products offset a decline for both meat and dairy.

Today we count down to the announcement of the Herald Business Leader of the Year. Here are the first of this year’s nominees. The winner will be named on Saturday.

An architect of the Trinity forestry tax scheme is facing bankruptcy action from the Bank of New Zealand over a guarantee he gave on debt.

NZ's services sector expansion slowed from a month earlier, as economic growth moderated from a rapid to a more sustainable pace.

Westpac NZ's record annual cash profit of $864m confirms a bumper year for the big banks. In fact, at $4.1b, that's almost $1000 for every man, woman and child in NZ.

Bank of New Zealand is watching dairy prices closely but has faith in farmers' ability to manage finances through dips in the commodities cycle, says chief executive Anthony Healy.

BNZ chief executive Anthony Healy has thrown his weight behind efforts to clean up New Zealand's polluted waterways.