Kiwibank accounted for 40 per cent of new residential mortgages written by the major banks in the June quarter.

The news is good - and bad - says the Bank of New Zealand's Tony Alexander.

APN News & Media, publisher of nzherald.co.nz, is today launching a nation-wide appeal for Christchurch earthquake victims.

Dear Allan Hubbard. Please take responsibility for the mess created by the boom and now bust of the South Island's largest financial institution, writes Bernard Hickey.

New Zealand's services sector reported slower growth last month, reflecting weaker sales and deliveries.

Hallenstein Glasson's positive profit guidance has been music to the ears of investors.

Kiwibank has joined ANZ, Westpac and TSB today, moving to increase floating mortgage rates and cut longer term fixed rates.

Alllied Nationwide Finance had a debenture reinvestment rate of 29.3pc in May.

The New Zealand dollar rose against a greenback hit by poor US jobs data, but eased against the euro and yen.