UDC Finance's deposits shrank in the latest financial year.

A fifth of share milkers who responded to a Federated Farmers survey said they were coming under pressure from their bank on their

Heartland Bank's trading halt has been lifted after the bank raised $20 million from institutional investors at $1.46 per share.

New Zealanders are spending up more this Christmas compared with last year, as shopping ramps up in the first week of December.

Heartland Bank wants to raise up to $30 million through a placement and share purchase plan to maintain its capital ratio.

Kiwis blame investors, migration, and foreigners for the housing crisis the BNZ Financial Futures survey revealed.

Italy is set to finalise a state-backed rescue for lender Banca Monte dei Paschi di Siena as soon as this weekend.

Westpac bank has admitted breaching a condition of its registration relating to how it measures capital adequacy.

ANZ Bank New Zealand's UDC finance unit has posted a record annual profit, driven by booming car sales and strong growth in forestry, transport and construction.

Tougher times in banking mean 5000 ANZ staff will miss out on an $800 share bonus this year.

All eyes are on Italy as its Brexit/Trump moment arrives in what could plunge the country into financial crisis.

ASB Bank has been named the winner of this year's Deloitte Top 200 Diversity Leadership Award.

People are being urged to set up electronic payments for the day after they get paid as banks adopt hourly clearance of payments.

From Goldman Sachs to 'Suicide Squad': Meet Steven Mnuchin, Donald Trump's pick for Treasury secretary.

New Zealand business confidence fell in November as pessimistic manufacturers offset upbeat farmers, construction firms and service companies.

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.

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.

Heartland Bank has told investors that it remains interested in buying asset finance company UDC from ANZ Bank, describing it as an

BNZ has made a grab for the savers market offering a 4 per cent term deposit rate.

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.