Skimmers target ANZ ATM machines
ANZ says customers have fallen victim to fraudsters using card-skimming devices on its ATM machines.
ANZ says customers have fallen victim to fraudsters using card-skimming devices on its ATM machines.
The Bankers Association is critical of Reserve Bank proposals to increase the amount of capital banks have to hold against home loans with a high loan-to-value ratio (LVR).
All the publicity around the sale of Mighty River Power and the possibility KiwiSaver providers would buy a stake got me thinking about what my provider had invested my money in.
Labour and the Greens are right. Our banks are too big to fail and we should be honest about that by creating a deposit insurance scheme for deposits of less than $250,000.
The Cypriot crisis has turned a spotlight on the open bank resolution (OBR) policy the Government and Reserve Bank have been working on, even though, as the bank has been quick to point out, the situations are very different.
I heard John Banks on the radio this morning offering financial advice to the recently-embarrassed Labour leader, David Shearer, writes David Chaplin.
Everybody with money in a bank in this country will be alarmed at first reading of the Reserve Bank's plan to seize some depositors' funds in the event of its failure.
Kiwis with money in the bank could see their nest eggs and savings dwindle in a government move the Greens say is a "Cyprus-style solution" to help out failing banks.
Editorial: It is always useful to get a global perspective on issues that are the subject of local political wrangling.
"Who should bear which liabilities in the event of a banking collapse?" asks Bryan Gould. "The NZ proposal is an astonishing assault both on the property rights of depositors and on confidence in the banking system."
Spreading your contributions over a period of time can help smooth out some of the fluctuations in the entry price of your fund.
All advanced countries except NZ offer protection for ordinary depositors of up to $300,000 a deposit in each financial institution, writes David Mayes.
Class action acts as a "handbrake to corporate mischief" and should be allowed in New Zealand, says a Christchurch lawyer.
Fans of John Grisham will be familiar with get-rich-quick lawyers filing billion-dollar lawsuits against wealthy villains.