Latest from Banking

Commerce Commission inquiry into bank profits slated to launch tomorrow

It follows calls from the National and Green parties and the Reserve Bank for an inquiry.

‘Worst night of my life’: Man who lost $400k says 'money mule' a disbarred lawyer

'They’re absolutely ruthless criminals and they need to be stopped'.

‘Housing market found a base’: What you need to know about new REINZ data

Level of sales remains low but volumes rose in each of the past three months. What next?

Three areas where REINZ sees recovery: House price changes

Auckland is now at $995,000, the third month in a row its median is below $1m.

ComCom warns HSBC over home loan and overdraft contracts

The bank self-reported the breaches.

Alleged 'mule' arrested over $100K scam involving real estate agent

'It’s not a Mickey Mouse scam, it’s sophisticated. They are taking millions.'

‘Edging closer’: ASB survey pinpoints housing market turning point

"Tentative signs of an uptick in activity, moderating price falls."

Jeffrey Epstein’s victims settle sex trafficking lawsuit with bank for $474m

Bank said in a statement it now regretted any interaction it had with predatory financier.

Arresting new fake police text scam tries to entice victims with financial lure

Consta-bull: A scam text from fake "police" offering direct debit is under investigation.

RBNZ 'comfortable' with where mortgage rates are at

The deputy Reserve Bank governor foresees a period of interest rate stability.

Pensioner fleeced of $134k strikes settlement with bank

Two women believed to be involved are already in jail, the Herald understands.

Bank of Dave: A capitalist who hates how big banks do business

If you'd like to set up your own bank, Dave is keen to tell you a thing or two.

Westpac glitch hits some automatic payments, direct debits

Westpac glitch affects some payments as bank says 'urgent' solution sought.

Finance winners: Air NZ $1.2b deal, Fisher & Paykel boss, Milford again

The environment is the real market winner in latest INFINZ awards.

Electronic bank transactions to start going through on weekends and holidays

Major upgrade to payments systems takes effect.

Adrian Orr appears before MPs: ‘It will feel painful for people’

No pain, no gain: MPs get a chance to grill Reserve Bank boss over rates hike.

Small town banking trial sunk due to lack of a suitable building

A banking hub trial in Tūrangi has ended before it began.

Man v Machine: Can ChatGPT predict share price performance?

Tim McCready looks at what will shape the capital markets landscape over 2023.