'Preposterous': Banking watchdog under fire, calls for law change to protect scam victims
Critics say customers who visit their bank are more protected than those paying online.
AdvertisementAdvertise with NZME.
Latest FromBanking
Exclusive: Sir John Key on leaving ANZ, a new life and Hawaii house with Bronagh - and interest rates
'I said [to Bronagh]: Just be careful when you get to know me... you may not like me!'
Up or down - how does the Official Cash Rate actually affect your mortgage rate?
What is the Official Cash Rate and how does it control lending rates?
Property Insider: Contentious retirement village survey, who wants $500k+ from failed builder
More than 300 NZ retirement villages and 71 operators ranked according to best practice.
Sir John Key to step down as ANZ NZ chair, leave ANZ Group board
Key became chair of ANZ NZ in 2018 after joining the board a year earlier.
ASB takes a punt on some home loan rates ahead of cash rate decision
A 'volatile' global environment was a factor in the home loan rates decision.
Kiwibank boss calls for end to OCR hikes as bank posts record profit
Indebted businesses struggling more than those with mortgages.
Bank worker embezzled $200k to fund SkyCity gambling addiction
He hoped to pay off his debts by gambling "but it didn't pan out that way", says judge.
'A simple step that will stamp out bank scams’ gets a step closer. Maybe
'This should have happened years ago,' Consumer CEO Jon Duffy says.
What you need to know about likely mortgage rule changes
The possibility of debt-to-income ratios being used has worried first home buyers.
Bank boss's interest rate warning for homeowners
Vittoria Shortt's comment comes as most borrowers bet on rates falling by mid-next year.
Investors scale back bets of May rate cut on strong US inflation figures
Resilience in price pressures comes as Federal Reserve considers when to cut rates.
How much you need to earn to buy an average home under new rules
Aucklanders likely to need staggering income to buy average-priced house.
Scam victim horrified nine others lost $800k after he reported $1m fraud to banks, police
The victim sent 20 separate money transfers of $50k each over just eight days.
Mastercard cash passports fail after cards sent to customers with wrong numbers
The manufacturing bungle has left NZ customers in the lurch.
'Hell of a shock': Westpac fixes issue after accounts show zero
Customers had issues with eftpos cards and bank balances.
Major bank lowers some fixed housing rates, term deposits
Bank says it will contact home loan customers who might be facing financial difficulty.
Compass Homes Franklin in liquidation, creditors want money
Grant Reynolds appointed. He is also the liquidator of other Compass building businesses.
ANZ misses watchdog's scam warning after email caught in spam filter
Consumer NZ says ANZ's spam filter systems seem more effective than those detecting fraud.
The value of financial assets owned by 10 big post-settlement iwi
Asset returns decreased and half the iwi reported financial losses.
'Fight for justice': BNZ told to reimburse scam victims nearly $300k after missing ‘red flags’
The Banking Ombudsman found BNZ had missed crucial warning signs of a known scam.
Broadcaster's pic stolen for dodgy ad, brazen scam warning
Scams come amid more deepfakes, talk of rules overseas to punish offenders.
National U-turns to keep new conduct regime for financial institutions
Minister proposes consolidating licensing requirements.
EY starts monitoring UK staff office attendance with turnstile data
Financial Times: Bank sent 'letters of education' to employees not showing up at office.
Parliament is back, water woes and scam calls | Focus Morning Bulletin January 30, 2024
MPs are back with plenty on the to-do list, Wellington's water woes and ANZ’s latest scam warning for customers in the latest NZ Herald headlines. Video / NZHerald
Opinion: The financial system needs more capital and less complexity
Financial Times:: Have we learnt anything from the great financial crisis ?
JP accused of laundering $1.8m in scam proceeds appears in court, granted suppression
One of the JP's alleged victims lost $1m in the scam, according to court documents.
$1.2 million property borrower sues Westpac over threatened mortgagee sale
The case cited information from a bank whistleblower, said to show internal discussions.
Investment scam: Auckland JP charged with 10 counts of money laundering worth nearly $1.8m
Police seized documents and computer equipment during a search at his home this week.
How housing market could react to new Reserve Bank moves
Consultation on new mortgage lending restrictions ends on March 12.
PM attends Rātana, costly crossings and debt-to-income restrictions | Focus Morning Bulletin January 24, 2024
The Prime Minister gets set to attend Ratana, why pedestrian crossings cost thousands more in Auckland and the Reserve Bank’s debt-to-income proposal in the latest NZ Herald headlines. Video / NZHerald
RBNZ confirms new mortgage restrictions to be introduced - what will they look like?
Banks' lending to high-DTI borrowers to be capped, as LVRs to be eased.
Kiwis' resilience will be tested in 2024 - BNZ boss
'Early on in my career, work became my life': BNZ chief's quest for work-life balance.
Letters: Ignore ongoing Covid threat at our peril; female MPs and abuse
OPINION: 'We have an enormous capacity to ignore things that harm us.'