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Westpac cuts two year fixed rate
Westpac is cutting its two year fixed rate to match that of rival ASB.
Home lending falls as new rules bite
The total value of home loans approved dropped below $1 billion in the last week of October - the first time since July.
Big banks get $3.5b profit
New Zealand's big four banks collectively made more than $3.5 billion of profit in the last year in another record year for the sector.
Big banks' record profits
New Zealand's big four banks collectively made more than $3.5 billion in the last year in another record year for the sector.
Auckland house prices hit all-time high
Auckland house prices hit an all-time high, Barfoot & Thompson data just out showed, despite Reserve Bank lending restrictions.
Westpac cuts high-risk loans
Westpac chief executive Peter Clare says the bank's rivals have been left with a "hangover" after pushing forward with mortgage pre-approvals.
Home buyers pick price rise
The Reserve Bank's restrictions on low-deposit mortgage lending have yet to dent expectations that house prices will rise.
Big Aussie banks rack up $31b in profits
The big four Australian banks made more than A$27 billion (NZT $31b) in profits in the past year, making Australasia's banking sector one of the world's most successful.
Ombudsman fields gripes over banks' behaviour
The banking ombudsman has had 10 complaints about the loan-to-value-ratio (LVR) changes introduced on October 1, with eight related to banks withdrawing prior approvals.
New-home builds on hold
One of NZ's largest home builders says new loan restrictions have cost it 24 new-home builds in the first month alone - and it expects more as the policy bites.
Widespread bank pay delay
Payments between New Zealand banks have been restored after a glitch at ANZ New Zealand led to industry-wide disruptions.
Court sets December deadline for joining lawsuit over bank fees
The High Court has given ANZ/ National Bank customers until December 13 to sign up to a lawsuit against the bank over fees, according to a group taking the case.
Shadow board tips Reserve Bank to hold rate
The NZIER shadow board believes the Reserve Bank should leave the official cash rate on hold at 2.5 per cent when it reviews it tomorrow.
Buyer furious as bank pulls loan
An Auckland man is furious his pre-approved home loan was withdrawn less than 24 hours after he called his bank and was assured the deal was sound.
Door open for more bank fee complaints
A court ruling means thousands more people could sign up to a lawsuit against the ANZ bank over fees.
Mining boosts Oz wallets
Australia is nearing the end of a mining boom which has largely insulated the economy from the travails of the global financial crisis.
Ex Fed Reserve chairman strikes back
Former Fed Reserve chairman strikes back in a new book at allegations he helped cause the global financial crisis.