Kiwis use spare lockdown cash to pay off home loan mortgage debt faster
More than $400 million extra was paid off mortgages by customers of Westpac.
More than $400 million extra was paid off mortgages by customers of Westpac.
According to a graph presented by Reserve Bank deputy governor Geoff Bascand.
The bank has contacted the Privacy Commissioner over the violation.
Corporates are turning to the bigger KiwiSaver asset managers as a source funding.
Pacific Edge will issue 33.8 million shares to ANZ at 65 cents per share.
Financial Times: Banking system at risk as coronavirus cases in the country top 1 million.
Thousands have been revealed to be taking part in a 'horrifying' new form of online abuse.
Protesters say a bank is blocking their bid to invest in a US-based company.
Skimming fraud hits hospital ticket machines, investigation underway.
But risks remain from the pandemic lasting longer and delays in a vaccine.
The bank also issued an apology to the family following a near two-year fight.
Comment: The dark art of private banks magically creating money is little understood.
Letters on Greens' tax policy, Layla Saad, online transactions and John Roughan.
A contracting economy and rising unemployment will affect banks' asset quality metrics.
New York Times: Quest for cleanliness is encouraging shoppers to abandon notes and coins.
Australia has extended its mortgage deferral scheme by another four months.
There are some tempting deals on offer but should you go for them?
More than 30 branches have closed since March 26.
'Branch teams are currently dealing with mammoth task' - ASB's Craig Sims.
When a good drop is good news.
S&P says the credit ratings of local banks should hold despite a 10% fall in house prices.
Bank funds frozen in prosecution of Bitcoin exchange accused of money laundering billions.
Government loan scheme application just too difficult, say business owners.
KiwiSaver withdrawal and mortgage deferral complaints rose during Covid-19 lockdown.
Only Kiwibank still sells the insurance product.
State-owned bank cuts variable rates on business and home loans.
Hearings on bill proposing to license conduct of financial institutions start Wednesday.
A new survey sheds light on what's keeping Kiwis up at night.
ANZ New Zealand now facing legal action on multiple fronts.
Financial Markets Authority alleges bank sold insurance policies that offered no cover.