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BNZ fixed loan rate falls to 4.95% as major banks trim mortgage rates
Special rates are being offered under 5% after the OCR dropped 25 basis points.

Former high-flying property developer ditches private jets as market turns down
Matthew Horncastle of Williams Corporation says he is now 'pretty boring'.

Nadine Higgins: Deposit rates tumbling – where do I put my savings now?
OPINION: Term deposit rates have fallen from 6% last year to about 4.3% now.

Treasury keen on crisis time OCR cuts, not spending and money printing
The agency still can't pinpoint the benefits of the Covid-era $55 billion LSAP programme.

Lower interest rates to do heavy lifting reviving the economy - Jenée Tibshraeny
Monetary policy is poised to do much of the heavy lifting spurring economic growth.

US Treasury bonds are being sold off. Here’s why it’s concerning
A new, unsettling red flag.

Wattle Park developer liquidated: Kiwibank owed $3.6m, Inland Revenue $1.09m
Project completed in January 2022 but developer blames Covid and the downturn for debts.

Law change could quash 150,000-person strong class action against ANZ and ASB
Bank customers could miss out on hundreds of millions in compensation.

Architectural designer admits money laundering, seeks discharge and permanent suppression
The designer helped scammers steal $235,000 from two investors.

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.

Inside Seascape: New photos show state of abandoned Auckland apartment tower
Plywood in some areas has been damaged, report says replacement with steel is recommended.

Phil Barry of TDB Advisory on it’s most recent financial results.
Advisory business TDB will release its latest report on post-settlement iwi and their most recent financial results. Video \ Jason Dorday

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