Latest from Banking

Directors claim full knowledge of finances
Former independent directors of failed construction group Mainzeal said they had full knowledge of the company's financial position at all times, refuting earlier media reports.

Kirk Hope: Ensuring fiscal stability a delicate balancing act
The overarching theme for banking around the world in 2013 will continue to be financial stability - how to achieve it, and how to maintain it, writes Kirk Hope.

Wall St rally stokes appetite for NZ dollar
The dollar gained against the greenback as improving US employment figures underpinned a rally on Wall Street.

Bank policy battle is heating up
Imagine it would be if you had just struggled to save a 10 per cent deposit for your first home only to be told you now had only half the money you need, writes Liam Dann.

House fears: OCR stays put at 2.5pc
The Reserve Bank says the OCR will stay at a record low of 2.5 per cent, as rising house prices are singled out as a threat to New Zealand's financial stability.

Long-term mortgage rates war
Banks are slashing their long-term mortgage rates, with customers tied up for longer periods likely to save thousands.

Rush for home loans
Mortgage approvals reached their highest levels in almost four years last month, as people rushed to make the most of low interest rates.