The amount of money being borrowed to buy houses at five and six times a person's income has grown significantly in the last two years

Nearly 450 homeowners lost their properties in mortgagee sales during the past 12 months when banks foreclosed on unpaid loans.

Banks have increased term deposit rates in a bid to attract customers and fund further mortgage lending.

Bernadine Oliver-Kerby speaks with NZ Herald property editor Anne Gibson about why 2017 might be a bad year for those looking to get a mortgage.

An Auckland housing developer has complained how new banking lending restrictions are further restricting supply.

Karen Scott-Howman, CEO of New Zealand Banker's Association, speaks to the Herald about the current climate in the banking industry

New clamp-downs on residential property investors appear to be working.

The Reserve Bank of New Zealand has extended for two weeks its deadline for feedback on a proposed new Dashboard approach for banks' financial disclosure.

Sluggish growth, political uncertainty and low interest rates remain risks to the global banking sector.

Westpac has apologised for sending an email to a customer containing the greeting "Hello Asian".

BNZ's Harbour Quays building won't reopen for months following damage to CentrePort in the 7.8 earthquake.

Henry van der Heyden has been appointed chairman of Rabobank New Zealand Limited, replacing John Palmer who has retired from the board.

Quake-hit customers and businesses have been offered mortgage relief and access to savings.

Children as young as 12 are targeting contactless credit and debit cards in Rotorua.

ANZ has announced an assistance package for customers impacted by the 7.5 magnitude earthquake on Monday night.

Customers of BNZ and Kiwibank may face delays in getting through to the lenders, with both banks' primary call-centres based in Wellington.

COMMENT: If Trump carries out his trade and defence threats, NZ would face the risk of slower global economic growth, higher interest rates and fewer capital flows.

What made that lemon especially bitter was telling the very satisfied teller that I was doing it so that the children could view their KiwiSaver balances online.

New KiwiSaver provider Simplicity already has $50 million in assets and more than 2000 members, its managing director says.

The squeeze is being put on home loan borrowers as a second major bank lifts its fixed term mortgage rate.

Source: Westpac NZ

Westpac's full-year annual profit fell 7 per cent or A$567 million which the bank blamed on "a number of significant infrequent items".

Competition in the low interest rate credit card market is heating up with a major bank launching a no fee card and a new entrant

Home loan borrowers look set to face higher fixed-term mortgage rates despite a predicted cut to the official cash rate this week.

A Kiwi couple who fell victim to the fraud of their UK bank account is to get a full refund, after the Herald on Sunday went into bat for them.

The winning numbers for tonight's $38 million Lotto Powerball draw are out. Are you the country's next millionaire?

CEO warns there could be more hits to come as the business looks to further restructuring.

Ranfurly's only bank closed its doors yesterday.

ANZ - the country's largest bank - has announced a 13 per cent drop in net profits to $1.54 billion for the year to September 30 . The

A bombshell hit London this week: Mark Carney, the most powerful man in the British economy, will only be in his job until mid-2019.