Auckland property developers fear that a sudden tightening of bank lending may "throttle" new housing projects despite the city's desperate housing shortage.

ASB has joined Westpac and ANZ in confirming it will exit investments with exposure to manufacturers of cluster munitions, landmines and nuclear weapons.

Christopher Ashton was accused of using electronic chat rooms to manipulate currency pricing benchmarks.

COMMENT: Can the experience that a retail investor has with the finance sector reasonably be described as having their interests put first?

Kiwibank says it won't be stepping in to fill the void left by Westpac's proposed branch closures. First Union says Westpac is planning

CEO Paul Brock said the flat result reflected the global uncertainty and increased funding costs for banks.

Labour has renewed calls to ban foreigners buying New Zealand houses.

The Taranaki farmers bought controversial interest rate swaps from the bank.

Global ratings agency S&P says New Zealand's rapidly rising house prices are cranking up economic risks.

After revelations that some major KiwiSaver funds are invested in controversial companies one director is calling for an ethics review.

The woman accidentally rammed into the glass door on her mobility scooter, leaving the door shattered and her shaken.

The number of home loans and amount being borrowed has dipped ahead of further lending restrictions, but one mortgage broker says

Some customers of the BNZ have received incorrect messages from the bank telling them their accounts are thousands of dollars in the red.

A 2016 rate hike from the Fed is still under consideration, as the U.S. economy is close to meeting the central bank's goals.

HSBC has slashed its two year fixed home loan rate to a 50 year record low 3.79 per cent

Heartland Bank has boosted its profits by 12.5 per cent to $54.2 million and says it is still on the acquisition trail. The local

Higher fixed-term rates are not likely to deliver the funding boost that lenders are looking for, experts say.

The Reserve Bank has delayed the start of changes to investor loan-to-value restrictions (LVRs) nationwide from 1 September to 1 October

A union spokesman said up to 19 branches could close, putting up to 100 jobs at risk.

Kiwibank is cutting 0.20 percentage points off its floating rate mortgages, while ANZ, ASB and Westpac will shave a smaller amount.

Westpac has now joined ANZ bank and cut mortgage rates after the Reserve Bank dropped the OCR this morning.

ASB bank is forecasting a leap in its funding costs over the next year as international turmoil continues to weigh on wholesale money

COMMENT: As the world tunes into Rio Olympics, politicians in Canberra have turned their attention to another favourite sport of Australians: bank bashing.

COMMENT: Normally the banks would just pass on the Cash Rate cut to mortgage borrowers and term-deposit savers, but this time is likely to be different.

Helicopter rides and late night trips to hotels are par for the course for bankers to New Zealand's wealthiest.

New restrictions on property investors could see nationwide house sales fall as much as 25pc in a year, but the effects are likely to be temporary .

Overseas residents bought 1749 out of the 57,678 homes sold in New Zealand between April and June, newly-released data shows.

The dairy giant has stuck with its farmgate milkprice of $4.25.

ASB Bank is punting on Fonterra leaving its 2016/7 farmgate milk price forecast unchanged at $4.25 a kg of milk solids.

Economists say the drop was largely seasonal, as construction remained positive.