Latest fromBanking

Housing glut: Auckland’s biggest agency has record unsold stock
Some Auckland vendors had begun to expect higher prices, REINZ said of February data.

This tip could help boost your mortgage strategy
Experts suggest considering the two-year 4.99% rate for stability.

Billions sitting idle: Should banks be more proactive to help us earn interest?
A closer look at which banks prompt customers to get more bang for this buck.

‘Scammers don’t sleep’: FMA under fire for delayed scam alert after retiree loses $1m
The FMA took 47 days to issue a scam warning, during which a retiree lost $1m.

RBNZ to review controversial bank rules, championed by Adrian Orr
Decision comes as banks lobby for loosening of rules.

$135m distributed last year by iwi to members
Distributions paid have increased by around 35% in the last five years: Phil Barry, TDB.

Watchdog launches probe after ANZ helped victim send $250k to scammers
ANZ refused liability saying there were no indications of fraud or 'red flags'.

Builders of Auckland’s abandoned 57-level Seascape tower win $33m claim
Judge: 'I order Shundi to pay the sum in the statutory demand within five working days.'

‘Negligence to the eyeballs’: Westpac under fire in $2m laundering case
Carel Viljoen laundered nearly $2 million in an investment scam.

Fintech Airwallex puts first boots on the ground in NZ, goes on hiring drive
Aussie unicorn has Kiwi roots.

The hidden cost of online dating scams in New Zealand
Some scams involved losses over $100,000, including cryptocurrency schemes.

‘Rate wars’: How much further will they fall?
'The fixation with short fixes might be about to come to an end,' says Kelvin Davidson.

Property Insider: Precinct’s twin-skyscraper plans; Goodman moving; Beca to show off new office
When might get the contract to build New Zealand's two tallest new skyscrapers?

‘Woke agenda’: NZ First bill challenges bank lending approach
Lawyers say the bill might raise borrowing costs by increasing risk.

Real Living selling The Avenue apartments at Remuera Gardens retirement village
Company established an $80 million facility with the ANZ to fund The Avenue.

Sex workers say banks are making life more difficult
Claims of illegal rejection from mortgage brokers, rude questions from nosey bankers.

Banks offer up to $20k cashback to lure new home loan customers
Cash incentives from lenders are driving competition for mortgages.

What home loan borrowers are doing - have they made the right call?
Mortgage broker says more people are fixing for longer.

IMF cautions Govt against pushing Reserve Bank too hard
Organisation releases findings of NZ economy review.

The banking app where you can get below-advertised mortgage rates
Dosh says it hopes to drive competition in the banking sector.

Fast-tracking granted for 4000-home Sunfield plans at Ardmore
'Construction prices are still to adjust to the current property cycle and remain high.'