Business blues bubble to the surface as bad debts rise
An accountant says some businesses should consider whether staying open is viable.
AdvertisementAdvertise with NZME.
Latest fromBanking
Heartland seeks $210m for Challenger Bank buy; CEO stepping down
Heartland CEO Jeff Greenslade will leave after the Challenger acquisition.
'Failing consumers': Banks reviewing fraud rules after threat of Govt regulation
'Banks are paying lip service to this at the moment but I don’t see any action.'
'Silver lining' of immigration: New house consents plummet, what might change that?
'For every three people coming into New Zealand, we need a new house.' - Mike Blackburn.
Tug-of-war under way over how open banking is rolled out
Fintechs accuse banks of putting unreasonable conditions around data sharing.
Letters: Where is banks' duty of care on scams?; Easter trading folly
OPINION: Good teachers should not be accountable to a nationally imposed system.
Synlait deeply in the red, wins reprieve from bankers
Five key elements are outlined for Synlait to have a clear plan to slash debt.
'Devastated': Officer loses $250k to scammers, ASB manager helped victim send money to thieves
Three victims lost $550k through an ANZ 'money mule' account.
How Māori minister wants to change banks’ ethics from the inside
'A bank ought not to exist simply to make impossible sums of money.'
Watchdog refuses compo for $100,000 scam victim, says banks can't be compelled to check for fraud
The watchdog says banks can't be forced to monitor for references to known scams.
Diana Clement: Why a digital disruptor could offer a better deal than your bank
OPINION: There's a growing number of digital accounts available from disruptors.
Markets with Madison: Money printing
The Governor of the Reserve Bank of New Zealand explains how the expansion of money supply and higher consumer prices have eroded people’s purchasing power. Video / Carson Bluck / Mark Mitchell
Opinion: National is choosing reckless tax cuts for landlords over everyday Kiwis
OPINION: Supermarkets and banks make absurd profits - consumers are the butt of the joke.
Gloriavale acknowledges ‘significant challenges’ as finances tank
The controversial religious community faces a number of regulatory and legal challenges.
'Ruined my life': Luxury yacht skipper loses $400k in scam, faces accused 'mule' in court
He thought he was investing $400k in a HSBC term deposit. But it was all a scam.
Sasha Borissenko: A cautionary tale in online scams from their latest victim
OPINION: Scam victim reimbursement scheme can’t come fast enough.
First-home buyers: Bank cashbacks, lack of investors creates gap in market
Banks are offering up to $5000 in cashback incentives to first-home buyers.
NZ First candidate loses $200k in scam, slams 'inept' banking regulations
Kiwibank refused to divulge account details to the victim, suggesting he contact the SFO.
Luxury hotel chain's missing $50k surfaces after accidental transfer
Habitat Hotels had to take Hamilton Movers to court to get its money back.
Home-building construction crunch: Who has failed lately and why
A 12-point list of the many builder failures lately.
More than a dozen Kiwi roles face chop as ANZ moves work overseas
It comes as ANZ and other big three banks were labelled anti-competitive by watchdog.
Nicola Willis open to finding more capital for Kiwibank
Reserve Bank isn't planning to change bank capital rules further to ComCom suggestions.
GDP: It's official - we're in recession
Recession as a second quarter of contraction recorded, per capita numbers are even worse.
'Two-tier oligopoly': ComCom delivers verdict on bank competition
Competition watchdog recommends widespread regulatory reform.
Sistema founder Brendan Lindsay backs private credit fund
The private credit fund is aimed at filling a gap in the lending market.
Bank of Japan ends era of negative interest rates, first hike in 17 years
Financial Times: Central bank becomes world’s last to unwind ultra-loose monetary policy.
$1b+ Oyster Group fund suspends investor withdrawals, selling properties
It says the fund must keep capital to meet its needs and service higher borrowing costs.
'Accessible by boat or helicopter': Richwhite bach on Lake Taupō for sale
'Charming fisherman's cottage with three bedrooms, one bathroom' — and adjoining boatshed.
Ombudsman under fire, Wayne Brown’s blunt email and posties voice concerns | Focus Morning Bulletin March 18, 2024
Ombudsman ruling called out as ‘victim blaming’, Wayne Brown fires up in an email over raised crossings and NZ Post’s new plan in the latest NZ Herald headlines. Video / NZHerald / New Zealand Story
‘Victim blaming’: Ombudsman under fire after ruling scam victims culpable for loss
Victim Support says it is pointless and harmful to blame victims of fraud.
'I was a victim too': Young mum linked to $1m loss blames Nigerian scammer
Aimee Rodda has dodged charges.
OPINION: Scams - what banks are doing and how others can help
Banking boss: 'We will investigate reimbursement in cases of authorised payment scams.'
The rise of romance scams - 'love may be real but their lover may not be'
'The romance scams are double-edged because it’s money plus emotion.'
What's a money mule and why are Kiwis getting caught in international scams?
Mules may not be aware they are part of a wider scam defrauding others.