BNZ's cash earnings for the year have jumped 21.1 per cent, its parent company said today.

Homegrown lender Kiwibank could face an increase in its wholesale funding costs after being hit by a credit rating downgrade from Standard and Poor's.

The ANZ could potentially lose 30 to 40 per cent of its National Bank customers by dropping the brand, a banking expert says.

A South Auckland teenager has become a millionaire from an investment belonging to his parents because they didn't get around to transferring it into their names.

Credit card surcharges may not have resulted in the lower prices for the consumer that were predicted when they were introduced.