Latest from Banking

Kiwisaver: Bar for accepting hardship claims high
How easy it is to access KiwiSaver funds on financial hardship grounds?

Growth 'looks key driver'
While 2013 will be remembered as a watershed year for New Zealand's capital markets, this year is also shaping up as being an important one.

G20 agree on lifting pace of world output
The world's key economies have agreed on a plan to accelerate the pace of global growth by more than 2 per cent over the next five years.

Reserve Bank gets tough on insurers
The Reserve Bank has told the insurance industry to expect a tougher stance on corporate governance as it beds in new rules for the industry.

Low-deposit loans to flow again
Banks' flow of money to borrowers with small deposits has all but dried up in the past three months - but the tide may be about to turn.

Donald Blair: Ireland-NZ comparison wrong
The basic fundamentals of New Zealand's economy do not match those of the Irish and southern European economies, writes Donald Blair.

NZ dollar weakens against US
The Kiwi weakened after Fed minutes of its January meeting showed some officials raised the possibility of rate rises "relatively soon".

Banks calm fears on tax deal with US
Kiwi spouses of US citizens in this country would not have their financial records passed to American tax authorities under rules that take effect this year

Dollar weaker as English comments drag momentum
The dollar was the weakest performer overnight, after comments by Bill English that the kiwi may be 20% overvalued.

Expert slams retirement warning
A retirement policy expert has hit back at a warning by a KiwiSaver provider that New Zealanders face the prospect of a retirement income that meets only basic needs.

Developer jailed over $47m fraud
Auckland property developer Malcolm Mayer has been sent to jail for 6 years for a $47m mortgage fraud.

Heartland to buy 'home equity release' business
Heartland New Zealand, which gained a banking licence just over a year ago, has agreed to buy a reverse mortgage business for $87 million.

Positive outlook for Kiwi banks - S&P
The banking sector is likely to face low credit losses but remains at risk from persistent house price inflation and a sharp property price correction.

ASB warning after record profit
ASB boss Barbara Chapman expects the bank's strong growth to continue into 2014.