ANZ Bank first to court in fee case
The New Zealand Bankers' Association expects a legal case claiming the ANZ charged its customers unfair penalty fees will be vigorously defended.
AdvertisementAdvertise with NZME.
Latest fromBanking
First bank to be named in fees lawsuit
The first bank to be taken to court in a law suit targeting "unfair" default fees is to be named today.
Surge in May KiwiSaver sign-ups
The number of people signing up to KiwiSaver surged by more than 21,000 last month - the most it has grown by in a single month in over 18 months.
First-home buyers backed by PM
The Prime Minister John Key believes first-home buyers should be exempt from proposed restrictions to low-deposit home lending.
IRD likely to lose in MediaWorks deal
New owners for MediaWorks have been trying to renegotiate a Fox TV deal that provides top shows like Homeland, Family Guy and Bones.
Taxpayers may cover MediaWorks bill
Taxpayers may wind up covering for MediaWorks again with a restructuring deal that could free them from a potential $22 million obligation to the IRD.
Mediaworks: 'It's business as usual'
New Zealand television audiences should not be worried about losing popular shows like X Factor and The GC, say the receivers of MediaWorks.
John Drinnan: Why receivership for TV3?
As TV3 and MediaWorks heads into another period of upheaval the question is why its bankers used receivership to restructure the firm.
Wynyard price could start low
Market players are expecting Wynyard Group to be priced towards the lower end of its $1.10 to $1.65 range in its book build tomorrow.
Debt weighing down dairy sector
New Zealand's dairy sector debt nearly tripled over the past decade to $30.5 billion last year and some farmers will have difficulty servicing their loans in the year ahead.
NZ dollar falls after OCR review (+video)
The Reserve Bank has kept its official cash rate unchanged at 2.5 per cent at today's monetary policy statement.
Peter Lyons: Fairy tale economy not a pathway to sustainable growth
The aim of balancing the books to reduce government debt ignores a fundamental lesson from the GFC, writes Peter Lyons.
Law change clears way for credit union advisers
New Zealand's credit unions have had an early Christmas present after the Government changed the law clearing the way for all financial advisers to provide advice.
Employers divided over KiwiSaver in the pay packet
Divisions are emerging over who should pay for the KiwiSaver employer's contribution.
Auckland house prices stall in May
Momentum in the Auckland property market appears to have stalled, with Barfoot and Thompson reporting another month of flat prices.
OECD urges NZ bank deposit insurance
The OECD is urging New Zealand to adopt a deposit insurance scheme to limit depositors' losses in the event of a bank failure.
ANZ sells Eftpos NZ for undisclosed amount
ANZ, the country's largest bank, has today completed the sale of Eftpos New Zealand to global payments company VeriFone.
TSB lifts net profit to $53.1m
TSB Bank lifted annual profit 11 per cent as rural and commercial lending rose faster than its traditional sector in household mortgages.
Loans bonanza: Rates hit record low
Lenders are offering home-owners the lowest short-term bank mortgage rates in New Zealand history as they compete to lure customers before an expected rise next year.