Latest fromBanking

IRD keeps mum on Swiss tax bills
New Zealanders who savoured the privacy of their Swiss HSBC bank accounts will continue to enjoy it from Inland Revenue, which won't reveal whether information from leaked files lifted any locals' tax bills.

NZ link to leaked HSBC files
One HSBC client with links to New Zealand had up to $67.83 million with its Swiss private banking arm, according to leaked files.

Perfumed credit card? Banks woo ladies
A bank in the United Arab Emirates is trying to lure a rapidly rising number of working women - with a perfumed credit card.

Mark Lister: Straight to full speed in 2015
Mark Lister writes: This year has started in an eventful fashion and a number of key developments will set the tone for 2015.

A tale of two SkyCities on cards
Auckland could boost SkyCity Entertainment Group's half-year result issued on Wednesday but Adelaide could drag it down.

S&P ends legal woes paying $1.5b fine
S&P will pay more than a year's profit to settle suits that it inflated ratings on subprime-mortgage bonds at the centre of the 2008 financial crisis.

Reserve Bank boss cools talk of rate cut
Reserve Bank governor Graeme Wheeler has hosed down speculation he is minded to cut the official cash rate any time soon, say economists.

Reserve chief's house price warning
Reserve Bank governor Graeme Wheeler today raised the risk of a "sharp correction" in the Auckland housing market.

Technology focus for new Westpac boss
New Westpac boss Brian Hartzer has stamped his authority in his first day as chief executive of the Australian banking group.

Westpac NZ boss lands 'dream job'
David McLean, the newly appointed boss of Westpac New Zealand, says he has landed his "dream job".

Reserve Bank opens door to cutting rate
The Reserve Bank has explicitly acknowledged its next interest rate move could be either up or down, thereby giving the financial markets a green light to price in a cut.

OCR left unchanged at 3.5 per cent
Reserve Bank Governor Graeme Wheeler has left the official cash rate unchanged this morning at 3.5 per cent, and says that won't change for a while.

Liquidators to make $23m bitcoin claim
The liquidators of a New Zealand bitcoin trading platform will soon be able to make a claim for $23 million worth of the digital currency that was being held with a now-bankrupt Japanese exchange.

Keep cash rate on hold - shadow board
NZIER's monetary policy shadow board believes the Reserve Bank should leave the official cash rate on hold at 3.5 per cent tomorrow but that the next best option would be a cut.

Super-rich to cough up $77m extra tax
New Zealand's super-rich were found liable for an extra $77 million of tax in the last financial year.

OCR rise melts away into distant future
The prospect of further rises in the Reserve Bank's official cash rate has disappeared over the horizon.

Deadline for Aussie bank class action
National Australia Bank customers seeking to reclaim "unfairly charged" exception fees have to register today.

Liquidators eye Ponzi investors
The liquidators of fraudster Jacqui Bradley's failed business are mulling whether to try to claw back $2 million from eight investors who were paid out before her Ponzi scheme folded.

Greece set to defy EU, IMF
A radical leftist party that wants to cancel Greece's European Union debts of more than 200 billion ($300 billion) went into today's election with a seven-point lead.

5-year rate new front in bank mortgage war
More interest rates have been cut following a week of competition by the country's biggest banks to attract house hunters and mortgage holders.