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Westpac cuts 2-year mortgage rate
Westpac has dropped its two-year fixed rate home loan but at the same time hiked its one-year rate.
Banks take shares in Solid Energy
After having its "for sale" sign removed when it almost collapsed this year, state-owned coalminer Solid Energy will be partially privatised in a restructuring deal.
Prices reach record high
Property asking prices around the country have reached a record high, with a shortage of houses on the market helping to fuel demand.
State house subsidy for new buyers
First-home buyers in the provinces will be given a subsidy of up to $20,000 to move into vacant state houses, Housing Minister Nick Smith announced today.
Kiwi Libor scandal - a plan is hatched
"The plan is hatched and sounds sensible,'' New Zealand's Darrell Read told Tokyo trader Tom Hayes - an alleged co-conspirator in the Libor rates rigging scandal
New mortgage rules now in force
The Reserve Bank's new mortgage lending restrictions come into force today, restricting the number of high loan-to-value ratio mortgages banks can lend.
Key rejects builders' fears mortgage rules will reduce home starts
Prime Minister John Key has dismissed builders' concerns that new Reserve Bank mortgage lending limits will reduce the number of new homes being built.
Small business fears over new loan rules
Will new low deposit loan rules make it tougher for people to buy, grow and fund small business?
English: Home-loan ban will block 8000 buyers
Up to 8000 families, couples and individuals trying to get into their first home will be stymied by the Reserve Bank's new lending restrictions, Finance Minister Bill English has acknowledged.
Kiwi charged in rates rigging scandal
A New Zealander working for a major world banking company has been charged by US prosecutors in New York for allegedly taking part in the massive LIBOR rates rigging scandal.
Rejected ASB borrowers told to complain
Customers unhappy with their pre-approved loans being pulled by ASB are being encouraged to take the issue up with the Banking Ombudsman.
KiwiSavers beware - study
An academic is warning savers to be wary of promises made by KiwiSaver providers.
Rogue mortgage manager reined in
A Kiwibank mortgage manager has been reined in after wrongly telling a customer it was pulling low deposit pre-approvals.
Ditch home loan restrictions: Labour
Labour is promising to dump the Reserve Bank's new home loan restrictions - for first home buyers only.
Tourism future bright: report
Researchers at Westpac have painted a bright future for the tourism sector.
Fonterra's record milk price
Fonterra has once again raised its farmgate milk price for the 2013-14 season, this time by 50c to a record $8.30 per kg of milk solids.
ASB 'let down' customers - English
Finance Minister Bill English says ASB Bank has "let down" customers by cancelling home loan approvals as a result of new lending restrictions.
ASB ditches pre-approved low-equity loans
ASB Bank has pulled the plug on existing pre-approvals for low-equity home loans from October 4 but rival banks say they will continue to honour their pre-approvals.