Lamborghini-driving fraud-accused charged over $8.6m scheme
SFO prosecution of Gerard Peters and others comes three years after Herald reports.
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Latest fromBanking
Banks select provider for confirmation-of-payee, a key anti-scam measure; Consumer says efforts ‘too slow, too light’
But the Government and banks have differing takes on one of the next steps.
Western banks in Russia paid $1.4 billion in taxes to Kremlin last year
Financial Times: A fourfold increase on prewar levels for lenders still in Russia.
RBNZ wants banks to be more careful issuing mortgages
The bank is wary of banks issuing loans against properties that become hard to insure.
Kiwibank manager helped customer send $300k to scammers months after FMA warning
“I’m on anti-anxiety medication. I can’t work. What have I got to look forward to?"
'Little banking bubble': Scam victim slates Ombudsman ruling on full compo claim
The pair accused BNZ of missing crucial 'red flags' regarding a known scam.
RBNZ refuses to bend rules to improve bank competition
The RBNZ's financial stability mandate clashes with the competition watchdog.
Lending rules: What do the changes mean and should we be worried about loan sharks?
Lenders to be given more discretion to assess loan applications.
Liam Dann: Why so many Kiwis are leaving for Australia and its stronger economy
OPINION: Kiwis are leaving at record rates, recalling NZ's great late 1970s brain drain.
Million dollar scam: The victims and the young Auckland mule
The pair had searched online for 'safe' investment opportunities.
Record number of home owners fix on one-year terms as they bet on interest rates falling
Home owners don't want to miss out on the chance interest rates could fall next year.
Buyer beware - improving competition among banks comes with catches
Hurdles high to improving competition among banks.
How a fraudster broke into bank accounts with simple mobile phone ploy
Casey Smith stole $50,000 after getting a new SIM card for the victim’s phone number.
Banks want government help with anti-scam centre
We can't do this alone, banks say in wake of huge scam losses.
National Australia Bank’s new boss is big on BNZ
Exclusive: Aussie bank boss fronts up about its big profits here.
Faces of the victims: The 25 scam casualties who lost $6.7 million to fraud
Meet the victims who bravely told their stories about being scammed.
Contested decision as ECB holds interest rates at 4%
Financial Times: Some policymakers backed cut at latest meeting.
Scams: People trust banks more than family to give advice
Hackers are freaking some people out more than climate change, one cyber agency says.
'Positive first step': Fed Farmers welcomes probe into rural banking interest rates
The federation has wanted an independent inquiry into rural banking since September.
Opinion: Why we need more banks, not bigger ones
OPINION: And how Kiwibank is ideally placed to lead this change.
Synlait shuffles deckchairs to speed up asset sales
Synlait has put its chief finance officer in charge of speeding up the sale of Dairyworks.
Business blues bubble to the surface as bad debts rise
An accountant says some businesses should consider whether staying open is viable.
Heartland seeks $210m for Challenger Bank buy; CEO stepping down
Heartland CEO Jeff Greenslade will leave after the Challenger acquisition.
'Failing consumers': Banks reviewing fraud rules after threat of Govt regulation
'Banks are paying lip service to this at the moment but I don’t see any action.'
'Silver lining' of immigration: New house consents plummet, what might change that?
'For every three people coming into New Zealand, we need a new house.' - Mike Blackburn.
Tug-of-war under way over how open banking is rolled out
Fintechs accuse banks of putting unreasonable conditions around data sharing.
Letters: Where is banks' duty of care on scams?; Easter trading folly
OPINION: Good teachers should not be accountable to a nationally imposed system.
Synlait deeply in the red, wins reprieve from bankers
Five key elements are outlined for Synlait to have a clear plan to slash debt.
'Devastated': Officer loses $250k to scammers, ASB manager helped victim send money to thieves
Three victims lost $550k through an ANZ 'money mule' account.
How Māori minister wants to change banks’ ethics from the inside
'A bank ought not to exist simply to make impossible sums of money.'
Watchdog refuses compo for $100,000 scam victim, says banks can't be compelled to check for fraud
The watchdog says banks can't be forced to monitor for references to known scams.
Diana Clement: Why a digital disruptor could offer a better deal than your bank
OPINION: There's a growing number of digital accounts available from disruptors.
Markets with Madison: Money printing
The Governor of the Reserve Bank of New Zealand explains how the expansion of money supply and higher consumer prices have eroded people’s purchasing power. Video / Carson Bluck / Mark Mitchell