![Big banks keep cutting interest rates](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Big banks keep cutting interest rates
BNZ has cut a key mortgage rate this morning, following rate cutting by other banks on Saturday morning.
BNZ has cut a key mortgage rate this morning, following rate cutting by other banks on Saturday morning.
An investment portfolio managed by BNZ has pulled out of a Pyne Gould managed fund after an auditor walk-out.
The finance industry needs to work with the Government to help restore confidence in the markets, says Commerce Minister Craig Foss.
Last year was one of the strongest in recent times for the profitability of New Zealand's banks.
Out-of-pocket investors in failed finance company Hanover are delighted six former directors could be ordered to pay up to $5 million each if a civil action against them is successful.