Latest fromBanking

Andrew King: Here's how Gen Y can buy a home
Andrew King writes: A recent report showed that Generation Y - those under 28 - were increasingly becoming property orphans and spending their money on travel and shopping.

Auckland bucks house price trend
The pace of property price increases has eased nationwide, as higher interest rates and lending restrictions take effect. Everywhere, that is, except Auckland.

Catriona MacLennan: Taking on the loan sharks
Catriona MacLennan writes: Low family incomes and high rents are the two key sources of poverty for my legal clients. The third is huge debt associated with car purchases.

Stoush over co-op name
A brand stoush between the New Zealand Association of Credit Unions and a bank is a "fight for all co-operatives", says the industry body's chief executive.

'Co-op' court stoush begins
The Co-op Bank is in court this morning trying to stop the NZ Association of Credit Unions changing its name to Co-op Money.

Bitcoin value cut in half
In the past three months, the price of the cryptocurrency bitcoin has fallen from about US$630 per bitcoin to $320 per bitcoin.

Peter Lyons: When rock stars run out of puff
NZ has a "rock star economy" and surveys reveal high levels of business confidence, but what could make the economy run out of puff? Peter Lyons looks at the issue.

How NZ banks can fend off cyber fraud
Upcoming changes to the NZ financial services industry pose significant security threats for consumers, banks and merchants, says an anti-fraud expert.

NZ dollar drops to 13-month low
The NZ dollar dropped to a 13-month low today after figures confirmed the Reserve Bank intervened in foreign exchange markets last month in a bid to bring it down.

NZ dollar declines amid Reserve Bank intervention talk
The NZ dollar fell to a fresh one-year low against the US amid speculation the RBNZ may have intervened to push down the value of the local currency.

Liam Dann: How's the economy? You choose.
Liam Dann offers up five reasons for economic gloom and five reasons for cheer.

Parents pay digital allowance
People worldwide have opened 41 million bitcoin accounts, according to the Bank of England.

Dollar slumps after RBNZ jawboning
The NZ dollar slumped to its lowest in more than a year after RBNZ governor Graeme Wheeler jawboned it through a key support level of 80 US cents.

Exchange rate 'unsustainable' - Wheeler
Reserve Bank Governor Graeme Wheeler says the NZ dollar is susceptible to a "significant downward adjustment," in a statement issued today.

Bank profits strong over June quarter
Profits across the New Zealand banking sector were strong over the June quarter, driven in part by lending asset growth and improved interest margins, KPMG said in its latest quarterly performance survey for the sector.

Zachary Karabell: The welcome return of subprime loans
Five years after the worst of the financial crisis, subprime loans are creeping back, this time primarily in the form of US auto loans.