
Big money learns new tricks
Some of New Zealand's biggest companies are lending their muscle to help start-up businesses get off the ground.
Some of New Zealand's biggest companies are lending their muscle to help start-up businesses get off the ground.
Banks have increased term deposit rates in a bid to attract customers and fund further mortgage lending.
Quake-hit customers and businesses have been offered mortgage relief and access to savings.
Customers of BNZ and Kiwibank may face delays in getting through to the lenders, with both banks' primary call-centres based in Wellington.
A deal which sees the New Zealand Super Fund and Accident Compensation Corp take a partial stake in Kiwibank's holding company has completed.
Kiwibank's systems are up and running again after a tKiwibank's systems are up and running again after a two-hour outage which struck around midday, in the middle of Labour Day sales.
Profits across New Zealand's banks dipped in the June quarter driven in part by record lending outpacing funding.
The terms will see NZ Super and ACC acquire 45 per cent of Kiwibank for a price provisionally put at $495 million.
The next chair of NZ Post's board has been confirmed as Queenstown-based lawyer and company director Jane Taylor.
Kiwibank customers are still waiting for their money after a technical glitch caused delays in processing payments.
Pressure is coming on Govt to fix rules that are effectively stopping banks from helping foreign workers to send money home.
It's the lowest rate since the bank began in 2002, and the first rate from a major bank under 4 per cent.
Thousands of people signed up to KiwiSaver may not know who their provider is and young people are the least likely to know. Research
COMMENT: NZ Super Fund's decision to try to buy a 25pc stake in Kiwibank from NZ Post should not be any surprise.
Govt sale of Kiwibank stock to taxpayer-owned entities may see them fall out of public ownership in future
COMMENT: Michael Cullen's always been good at shifting money around without necessarily having to spend it, so what better way to finance KiwiBank than through his fund, writes Barry Soper.
Bill English says NZ Post's plan for ACC and NZ Super Fund to buy into Kiwibank will ensure bank remains wholly Government owned.
COMMENT: Mike Hosking asks, what the $100m that the Greens want to give to Kiwibank will get NZ. Does it give the Government the right to dictate how the bank operates?
Kiwibank would get a $100 million capital injection to turbo-charge its expansion and create more competition in the banking sector, under Green Party policy.
New Zealand Post, struggling with falling mail volumes, has put its art collection up for sale.
Is Westpac's new ad featuring Richie McCaw less about caring for people and more about public image?
Kiwibank's been accused of unfairly shutting down business bank accounts, prompted by new anti money-laundering laws.
Emails purporting to be from Kiwibank and asking customers to upgrade to a new security system are spam, the bank is warning.
Hundreds of Wellingtonians have had their bank cards blocked after a Kiwibank ATM fell victim to international scammers.
Reserve issues formal warning to state-owned bank.