Latest from Banking
Landlords complain about bank loan tactics
Landlords are complaining about banks calling in loans from one property when another is sold.
Dollar falls as expectations for local rate hikes pushed out
The New Zealand dollar weakened overnight, weighed down by a rising US dollar and changing expectations for Reserve Bank interest rate rises.
Cycle has passed its peak, says NZIER
The Institute of Economic Research considers the economic cycle has passed its peak but that it will moderate to a still healthy pace.
Central banks to lawmakers: You try growing this economy
Power of monetary policy to drive global growth is nearing its limit. Further progress depends on government leaders.
S&P upbeat on US growth picking up
Viewed from the vantage point of Standard & Poor's global chief economist the world economy does not seem too inhospitable a place right now, but not without risks either.
Stock takes: Drury Hits Back
Xero boss Rod Drury is disappointed with the sell recommendation Craigs Investment Partners has slapped on the company's stock.
Economy slower but still robust
The economy has lost some momentum since earlier in the year, the Treasury says, though it still describes the pace of expansion as robust.
Westpac and BNZ to be served papers
Two of New Zealand's largest banks will this week be served court papers over claims they charged more than 41,600 customers unfair penalty fees.
US banks now accepting pot dealer business
105 banks and credit unions are now doing business with legal cannabis sellers in the United States, a top US federal official said.
ASB profit hits $806m high
An improving economy helped boost ASB's annual net profit by 14 per cent to a record $806 million, but the bank's chief executive, Barbara Chapman, says bad-debt expenses are likely to begin trending upwards from their present low levels.
Loan shark victim welcomes crackdown
A new war on "loan sharks' should help bankrupt Auckland mum Farrah Matthews, who ended up paying $29k for a $12k car - borrowing money at 29 per cent interest.
German yields near 1pc as Japan-style risks grow
ECB reluctance to adopt full-scale quantitative-easing policies is prompting German comparisons with Japan's stagnation over the past 15 years.
ASB banks record $806m profit
An improving economy and favourable funding conditions helped ASB Bank boost its annual statutory net profit by 14pc to a record $806 million.