The Reserve Bank driven the exchange rate down after it signalled a likely cut in the cash rate next month and raised possibility of further reduction.

Westpac's New Zealand unit is cutting interest-only lending terms to a maximum of five years, in a market where investors are the driving force.

ANZ faces three separate High Court claims from farmers who bought controversial financial products from the country's largest bank.

Consumer confidence fell below its long-run average in the June quarter.

ASB is the fourth major bank to impose lending restrictions on foreign home buyers.

BNZ has joined ANZ Bank and Westpac's local unit in restricting mortgage lending for foreign property buyers.

Two of our biggest banks will no longer lend to overseas-based buyers of New Zealand property.

Malaysian student who splurged nearly $5million in less than a year after mistakenly receiving an unlimited overdraft says she thought the money came from her parents.

About 80 per cent of residential subdivisions get some or all of their funding from one of the four main banks, one sector chief says.

Westpac New Zealand boss David McLean says Auckland's heated property market will continue to surge ahead as long as a "supply and demand imbalance" exists.

Profits at Westpac Bank are up 3 per cent for the past half year.

Westpac in Australia is stopping lending to foreign buyers of property.

The Westpac-McDermott Miller Employment Confidence Index rose 3.3 points to 104.8 in the March quarter, gaining for a second period from a three-year low in September.

New Zealand shares fell, dragged down by dual-listed Australia & New Zealand Banking Group and Westpac Banking Group.

The kiwi dollar has dropped this morning after Fonterra cut its farmer payout for the second time this year.

Modest 1.4 per cent gain an end to four-sale losing streak.

Bank to compensate more than 100,000 customers who were overcharged when withdrawing cash from ATMs in Australia.

Westpac is forecasting a Fonterra farmgate milk price of $4 this season and $4.60 in 2016/17.

Is Westpac's new ad featuring Richie McCaw less about caring for people and more about public image?

Mortgage rates for Kiwis could go up amid global concern about credit risk.

Savers should be aware of the assumptions used by online calculators that show what could be in their KiwiSaver account by retirement age.

Fixed rate mortgages could be set to tumble to new lows in the coming months after the Reserve Bank signaled it may have to cut rates again this year.

Some Westpac customers have been unable to use their Eftpos cards after an unscheduled outage in New Zealand this afternoon.

ANZ, Westpac, Kiwibank and BNZ have now cut mortgage rates after the Reserve Bank reduced the OCR to a record low of 2.5 per cent.

In an effort to lower carbon emissions in New Zealand, Westpac has publicly revealed the amount of lending committed to fossil fuel and environmentally friendly companies.

Successful Auckland businesses bring wealth, jobs and employment to our local communities. The Westpac Auckland Business Awards season for 2015 has seen outstanding businesses step up to the podium to stand in the spotlight.