Latest from Banking

Banks drop interest rates after Reserve Bank cuts OCR

The Official Cash Rate was dropped from 3.5 to 3.25%. ANZ and BNZ have begun moving.

Major bank ends Airpoints credit card rewards

State-owned Kiwibank said costs and regulations had increased, making it unviable.

Bank accused of using $1m scam victim’s hardship to dodge potential liability

'This case has liability avoidance written all over it,' financial commentator claimed.

Herald NOW: What are our rights when dealing with banks?

What are our rights when dealing with banks? Ryan Bridge asks banker Claire Matthews Video / Herald NOW

Finders keepers? Woman who received $158k in transfer error charged with theft

The woman could face up to seven years in prison if convicted.

Mary Holm: Are bond investments a scam?

OPINION: Many KiwiSaver funds include high-quality bonds, except for the most risky ones.

TSB blocks probe after staff help customer send $1m to scammers

'If they’ve got nothing to hide, why are they trying to evade the Ombudsman?'

Andrew Barclay to leave Goldman Sachs NZ

Barclay has been one of New Zealand's most respected deal-makers.

'Significant risk': Tariffs heighten volatility, Reserve Bank warns

Banks have strong capital to maintain credit flows amid market volatility.

Westpac CEO intervenes after pensioner loses $158k in bank transfer error

The money went to an Auckland woman who allegedly spent it on cars and transfers.

Nearly 500k people behind on loan payments, mortgage arrears hit eight-year high

The OCR has fallen 200 basis points since August, but home owners are still struggling.

AI could make crashes worse, amplify herd behaviour: Reserve Bank

One expert says the report doesn't go far enough, another says it overplays the risks.

Sasha Borissenko: Banking on blame - scam reforms too little, too late

OPINION: NZ's scam prevention lags behind global standards - here's why.

Diana Clement: Simple steps to cut banking costs and save big

OPINION: Banks earn billions while Kiwis pay avoidable fees and interest.

Pensioner who lost $158k gets bank refund after woman's 'spending spree'

Andrew Che Sit Bong, 78, lost his savings due to a single-digit mistake.

Adrian Orr surfaces for farewell party with Reserve Bank staff

The party and gift combined cost more than $6000.