Kiwibank gets OK to close remitter's accounts
Pressure is coming on Govt to fix rules that are effectively stopping banks from helping foreign workers to send money home.
Pressure is coming on Govt to fix rules that are effectively stopping banks from helping foreign workers to send money home.
Heartland Bank has told investors it is monitoring the dairy sector "with close attention".
COMMENT: After money was stolen from through the SWIFT network, it is clear how easy it is for hackers to take advantage of customers online.
The Reserve Bank has softened the policies it's looking at imposing for banks that outsource some of their services.
A majority of Kiwis believe they are being over-charged by their bank for fees and other charges, a survey by Consumer New Zealand revealed.
About 80 per cent of residential subdivisions get some or all of their funding from one of the four main banks, one sector chief says.
It's the lowest rate since the bank began in 2002, and the first rate from a major bank under 4 per cent.
The top ranked bank accounts for children have been unveiled, offering higher interest rates than most adult accounts.
Despite their use falling dramatically, problems with cheques have increased.
Wall St has figured out a way to squeeze some extra income from these stocks. And German taxpayers pay for it.
A 16 per cent drop in the Bank of New Zealand's net profit after tax was due mainly to lower gains on financial instruments, affected
The wind up of Bradley's B'on Financial Services has netted little return for Jacqui Bradley's 28 victims.
A banking "glitch" gave a student access to $4.98 million, part of which she spent on luxury handbags.
An ex-BNZ banker, who approved a loan for his own property development, has cut a deal with police over forfeiting $250,000 of frozen funds.
ANZ New Zealand posted a drop in half-year profit as expenses and bad debts rose, while margins were squeezed amid a fiercely competitive lending market.
Three Chinese banks are now registered and trading in New Zealand. Tim McCready takes a look at their operations here.
Cash profit at ANZ New Zealand has fallen from $841m to $751m for the past six months.
Westpac aims to boost market share despite stressed proportion of agribusiness portfolio more than doubling.
The intense conflict of interest between bankers and the rest of society is captured well in a passage from "Traders, Guns and Money," a book written by former banker Satyajit Das, writes Anat Admati.
The Labour Party says says it has identified the Mossack Fonseca client who got approval to buy sensitive land in New Zealand.
Falling interest margins amid a fiercely competitive lending market contributed to a downturn in the New Zealand banking sector's profitability.
Westpac in Australia is stopping lending to foreign buyers of property.
ICBC (NZ) has lifted its loan book by 343 percent.
COMMENT: Australia's banks have taken a hammering on the stock market over the past month or so.
Did you know your money in a bank term deposit is not guaranteed by the Government?
COMMENT: NZ Super Fund's decision to try to buy a 25pc stake in Kiwibank from NZ Post should not be any surprise.
One of the journalists behind the massive Panama Papers leak criticises New Zealand's laws around foreign trusts.
Turnbull has given Australia's banks a bollocking for unethical behaviour, suggesting they have not repaid the support they received during the crisis.
COMMENT: Michael Cullen's always been good at shifting money around without necessarily having to spend it, so what better way to finance KiwiBank than through his fund, writes Barry Soper.