Kiwis turn backs on credit cards
New Zealanders are still turning their backs on credit in an effort to pay off their debts, says Veda Advantage.
New Zealanders are still turning their backs on credit in an effort to pay off their debts, says Veda Advantage.
Italian authorities are investigating the Vatican Bank over possible money laundering.
Credit rating agency Moody's says new global banking rules are likely to lead to structural changes to the New Zealand banking system and lower profits.
Economists believe GDP stats due out this week will show the NZ economy has expanded less that the Reserve Bank forecasted, confirming that interest rates are on hold for now.
Internet fraudsters are using Facebook to steal Kiwis' bank and credit card account numbers and identities.
ASB did a beautiful job this week of announcing fee increases for its KiwiSaver funds.
A weakening recovery and the Christchurch earthquake have prompted the Reserve Bank to leave official interest rates on hold this morning at 3 per cent.
New Zealanders may have a new, locally owned bank to invest in by February next year.