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Kiwibank profits dip on higher costs and competition
CEO Paul Brock said the flat result reflected the global uncertainty and increased funding costs for banks.
CEO Paul Brock said the flat result reflected the global uncertainty and increased funding costs for banks.
Protesters say The Block NZ promotes property speculation at a time of housing crisis
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.
FRAN O'SULLIVAN: This is a Wellington deal that brilliantly suits the objectives of two finance ministers, current and former.
The special dividend will be gained from the sale of a 45 per cent stake in Kiwibank.
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?
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.
State-owned bank now offering six-month rates of 5.19 per cent - and 4.59 per cent for a two-year term.
Martin Hutchin sold investment properties in Invercargill and Huntly and was described as a "risk to the community".
Chief executive Brian Roche said NZ Post starts $30m behind each year from the "structural decline" of the mail business.
NZ's five biggest banks continued to show strong earnings growth, but questions are being raised about whether this can be sustained.
The New Zealander of the Year Awards give people the chance to nominate an individual or community organisation that makes them proud to be a Kiwi.
Things are still looking healthy for New Zealand's banks, despite a fall in lending margins at the start of this year.