Westpac breaches registration conditions
Westpac bank has admitted breaching a condition of its registration relating to how it measures capital adequacy.
Westpac bank has admitted breaching a condition of its registration relating to how it measures capital adequacy.
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.
Westpac has apologised for sending an email to a customer containing the greeting "Hello Asian".
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.
With an already impressive resume, My Food Bag co-founder Theresa Gattung is at work on a fresh new venture.
Stress tests show it would take an extraordinary series of events for New Zealand's banks to fail, Rob O'Neill reports.
Westpac's full-year annual profit fell 7 per cent or A$567 million which the bank blamed on "a number of significant infrequent items".
New Zealand banks paid out nearly $450,000 in the last year to settle disputes with their customers.
Telecommunications companies are concerned about a proposal which will allow companies to volunteer suspicious information about their customers to spying agencies.
A new charity event in Auckland is the first of its kind in the world.
As Australian banks face the political spotlight one bank boss offers a solution to customers who find switching too much bother.
Medicine ads pulled off Chinese language sites after inquiries made.
John Key has signalled a rapid and unexpected rise in interest rates and "something big that happens internationally" as the biggest threats to the NZ economy.
In just five years, more than 150 branches of NZ's major banks have disappeared, and more are earmarked to go the same way.
As more people do online transactions, small towns must adapt to closures.
A Whanganui resident has been subject to scam banking text messages.
Westpac staff at 19 branches around the country are expected to be told late today whether their branch will close.
COMMENT: Westpac is leading the way with its investments in tech startups and the online mortgage broker uno.
The mayors of two towns facing the prospect of two major banks closing up shop within weeks of each other say people are shocked at
ANZ bank, the country's largest bank, could be closing branches around New Zealand.
Auckland property developers fear that a sudden tightening of bank lending may "throttle" new housing projects despite the city's desperate housing shortage.
Westpac's Karen Silk says the bank is confident the problems facing NZ dairy farmers are cyclical.
Westpac KiwiSaver confirms it will exit investments to companies that are involved in the manufacture of cluster bombs, landmines or nuclear explosive devices.
Kiwibank says it won't be stepping in to fill the void left by Westpac's proposed branch closures. First Union says Westpac is planning
Three towns will be left with no bank branches if Westpac goes ahead with a raft of planned closures.
A union spokesman said up to 19 branches could close, putting up to 100 jobs at risk.
Helicopter rides and late night trips to hotels are par for the course for bankers to New Zealand's wealthiest.
NZ's banks have shrugged off global market turmoil and depressed dairy sector to make a net profit of $1.2 billion in the first three months of this year.