Latest from Banking
Banks face warning from FMA
The Financial Markets Authority has warned it may name and shame banks or even restrict their licences if alleged KiwiSaver mis-selling and switching practices are allowed to continue.
Reserve Bank won't halt rises
The Reserve Bank has left the Official Cash Rate unchanged at 3.5 per cent, saying any further rate hikes are likely to be at a later stage.
House sales up, prices rise in November
Annual house sales rose for the first time in 13 months, driven by higher value properties, according to REINZ data released today.
NZ resident fights rates charges
New Zealand resident Darrell Read is fighting charges from Britain's Serious Fraud Office that allege he was part of an international rates rigging scheme.
Dollar rebounds after touching 2-year low against US
The New Zealand dollar rebounded after touching a fresh two-and-a-half year low as investors sold US dollars
Oz banks need extra capital
Commonwealth Bank of Australia and its three main rivals may need as much as A$30 billion ($32.4 billion) in fresh capital.
Big four Aussie banks face shake-up
Australian banks should be forced to hold more capital to minimise their risk of failure and improve competition, the Financial System Inquiry has found.
Middle-age mortgage? No way
Middle-aged home buyers face being locked out of the property market because banks are worried they are too old to pay off their mortgage before they retire.
Bernard Hickey: Housing up, fishing down
The contrast in fortunes this week between two parts of New Zealand could not have been starker.
PayTag use on rise as ASB joins trend
ASB has joined Westpac in offering the new PayTag service, which involves stickers attached to smartphones to speed up payments.
House values rise at 'eyewatering' pace
Auckland property values are picking up speed at an "eyewatering" pace, with some areas up 5pc in only three months, according to QV.
ANZ admits misleading conduct, settles for $18.5m
ANZ has admitted misleading conduct over interest rate swaps and up to 178 farmers will now have to decide whether to accept their share of $18.5 million from the bank.
ANZ pays out $19m to settle case
ANZ will pay $18.5m to some of its rural customers who complained about interest rate swaps after reaching a settling with the Commerce Commission.
Cake iced 'with my feelings'
A woman who baked a cake and iced it with foul language directed toward her old bosses says they are using the frosty dessert to end her career.
Dairy payout below $5 a kg picked
Tomorrow will see the last GlobalDairyTrade auction before Fonterra releases its revised farmgate milk price forecast for 2014/15.
Inflation right target: bank
Inflation is the right target for monetary policy, says Reserve Bank governor Graeme Wheeler, and has served the country well over the past 25 years.
RBNZ constrained in influencing long-term rates
The Reserve Bank's influence over long-term interest rates is limited by global investor activity, according to governor Graeme Wheeler.
Valuation jump paying for do up's
Auckland homeowners made wealthy by their latest Auckland Council valuations are borrowing to do up their houses.