
Banks cut mortgage rates
ANZ, Westpac, Kiwibank and BNZ have now cut mortgage rates after the Reserve Bank reduced the OCR to a record low of 2.5 per cent.
ANZ, Westpac, Kiwibank and BNZ have now cut mortgage rates after the Reserve Bank reduced the OCR to a record low of 2.5 per cent.
Banks fear risk of an Auckland housing bubble, followed by a large-scale market downturn.
As New Zealand banks become increasingly digital, technology-related concerns have jumped ahead of more traditional dangers such as the economic outlook.
Australia & New Zealand Banking Group's chairman has endorsed the Asia-focused strategy set eight years ago by outgoing chief executive Mike Smith, saying the lender should take advantage of what....
This is your life. As a single line. Drawn on a chart by a bank. Be scared.
In an effort to lower carbon emissions in New Zealand, Westpac has publicly revealed the amount of lending committed to fossil fuel and environmentally friendly companies.
ASB's Barbara Chapman alone in not having her pay details revealed.
Easing two-way trade is a priority for China Construction Bank
In a rare interview, Goldman Sachs' NZ boss tells Christopher Adams about getting back to its core business.
SBS Bank's offer of 3.99 per cent home loan will start a knock-on effect.
SBS Bank is undergoing a rebrand and is offering a home loan under 4 per cent.
International dairy prices are at a "particularly bad" part of the cycle, but are expected to improve substantially in the first half of next year.
Many lenders and advisers stop communicating with their clients as soon as the deal is done, says Ajay Kumar.
Police were called in over a mortgage deal for a property that a BNZ banker was involved with.
Gail Kelly collected nearly $12.8 million for her final four months work as Australian chief executive of Westpac.
The Reserve Bank has once again sounded a warning about dairy farm debt but, for the time being, farmers seem to be coping with the financial stress brought about by lower milk prices.
Reserve Bank has asked the country's five biggest rural lenders to conduct a "stress test" of their exposure to dairy farm debt, and had encouraged them to set aside provisions .
New Zealand's banking system remains in good health, but heavily indebted dairy sector and heated property market are posing increasing risks to lenders.
BNZ is facing a lawsuit which a liquidator of a freight-forwarding company says should have gone to the New Zealand Customs Service for import duty.
The Warehouse is rebranding and extending into financial services with the launch of two low- fee credit cards.
The A$30 billion combined annual cash profit reported by Australasia's big four banking giants is an eye-popping figure by anyone's measure.
Average asking prices for Auckland homes have dropped more than $18,000 in just a month, says realestate.co.nz.
Westpac New Zealand expects Auckland's heated housing market to cool following regulatory changes.
But shine of record earnings dulled by news of slower growth.
Moves by global financial players to close New Zealand-based operations are disappointing and put the local industry in danger of losing critical mass, a top fund manager says.
Mary Holm answers questions on inheritance, investments, Kiwisaver and property.
Situation allowed some ASB online banking customers to add any text after old passwords, which were not case-sensitive, and still log in.
Deutsche Bank is closing its local NZ operation as part of a massive global overhaul that will see it shed 35,000 staff.