Metro Performance Glass gets a lifeline
Australian company Cowes Bay Group will become Metro Glass' main lender.
AdvertisementAdvertise with NZME.
Latest fromBanking
First Kmart, now $235m new funds for Mark Gunton's Westgate
Consortium money will allow the further expansion of Auckland's Westgate.
Seymour gazumps Bayly, scrapping 'buy now, pay later' fee rules
BNPL provider Afterpay assures it won't hike fees.
Construction sector suspected suicides: 80 died last year, highest on record
Data from Coronial Services dating back to 2007 shows record 2023 suicide numbers.
Westpac Australia names its next CEO
Peter King is retiring after a 30-year career with Westpac - five as chief executive.
Markets with Madison: Financial stability
Economic pain has forced the Reserve Bank to cut interest rates and introduce new lending regulations. How worried is the Deputy Governor about our financial system?
Bank balances shoot up as savers rush to lock in high interest rates
What will happen to all these funds as interest rates fall?
'Just hang up': Pensioner's devices hacked, identity stolen during cunning Spark scam
The scammer spoke to the pensioner by phone for three hours while controlling his devices.
Lending rules easing: Directors and managers no longer personally liable for breaches
Minister Andrew Bayly believes number of changes will make it easier to get a loan.
Ponsonby’s Chapel Bar & Bistro: Who is claiming money, how much is owed
List of creditors just released shows IRD, bank, food and drink suppliers are owed money.
'We can't sleep': Couple fear for future, loan on Du Val unit axed
Meanwhile, a decision on media access to court and receivership files has been reserved.
How far have interest rates really fallen?
August has been the month of cuts. Here's how they've stacked up.
ANZ weighs ban on office-hours drinking after trader misbehaviour
Financial Times: Bank seeks to call time on drunk workers as part of culture review.
'Plague of our times': banks devoting more to scam fight
Australia's 'Big Four' banks are setting aside more resources to fight scams.
Watchdog launches probe after Westpac helped pensioner withdraw $300k cash
It's alleged staff stuffed $23k into an envelope and handed it to the 89-year-old widow.
Australia’s top banker defends lifting bonus caps
Financial Times: CEO says competition in mortgage market trumps regulators’ concerns.
Westpac cuts home loan rates as highly competitive market continues
Westpac now has the lowest advertised two-year rate among the five major banks.
Bank-switching among mortgage holders hits record high
The Commerce Commission believes banks could still make it cheaper for customers to leave.
KiwiSaver fund that has returned nearly 400%
KiwiSaver has seen remarkable growth this year, particularly in more aggressive funds.
Watchdog launches probe after Westpac customer loses $323k in scam, bank CEO 'sorry' for huge loss
Westpac's CEO is confident it had acted appropriately and 'exercised our duty of care'.
TSB fined $2.47m for charging ‘unreasonable’ fees
The Commerce Commission took legal action after TSB self-reported the issue.
Cambodian baker migrants fail to get order to stop BNZ selling Auckland home
BNZ became concerned that it made the loan based on false information presented to it.
ANZ customers experiencing difficulties with card transactions
The issue is only impacting online and fuel purchases.
Class action against ASB, ANZ could have 100,000 customers
The multimillion-dollar claim was filed in the Auckland High Court in 2021.
Editorial: Boosting Kiwibank a no-brainer but finding right investors key
OPINION: Outside investors in Kiwibank will need to have the right priorities.
Kiwibank CEO open to foreign investment; says bank might need more capital soon
The bank might need more capital in a few years' time if it keeps growing quickly.
‘Decade-long affair’ sparks legal battle at 160-year-old bank
Lender alleges former executive helped colleague secure large pay rises and promotions.
ASB cuts fixed mortgage rates
Bank moves a week after the Reserve Bank cut the official cash rate.
Letters: Tuku Morgan blaming the wrong people for tense race relations
OPINION: Also in today's letters – the PM's shaky Aussie trip; how to tackle boy racers.
ComCom vs RBNZ: How will Willis divvy up the cost of insuring your savings?
Will she favour the approach of the Reserve Bank or the Commerce Commission?
Political Roundup: The Big Four banks' oligopoly saved from radical reform
OPINION: 'Every day Kiwis are ripped off by the Big Banks.'
Inside Economics: Where to now for rates? Market odds v RBNZ forecasts
OPINION: Liam Dann on post-OCR cut fallout and a preview of big US Fed shindig in Wyoming.
Mortgage break fees: Businesswoman shocked at $15k charge to change banks
A reason to watch those rates: changing banks could cost thousands.
Nicola Willis responds to report calling for stronger Kiwibank, open banking
'Disruptive maverick' needed for the sake of consumers, watchdog says.