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BNZ, Kiwibank follow the trend, cutting interest rates
BNZ and Kiwibank have joined the other banks and cut mortgage rates.
Equitable receiver says too soon to estimate recovery of $192m owed
The receivers of Equitable Mortgages say it's too soon to say how much of the property lender's $188.4m worth of loans they are likely to recover.
Banks recover from 2009 rout but lending slow, says report
Lending to customers at New Zealand's banks grew by a meagre 0.7 per cent in the second half of their financial year, a new report shows.
Bluestone pulls out of St Laurence buyout talks
In a potential blow for the 9,000 investors in failed property financier St Laurence, Bluestone has withdrawn from talks to buy two contracts to manage Irongate Property from the receiver Deloitte.
The $47 billion rural hangover
Think it's all good down on the farm? Think again. Property values are plunging, and the crisis could yet hit the cities too, reports Karyn Scherer.
Success: The science behind the branding
Firm fills the gaps between advertising, design and project management.