Rate rise date drifts further out
The Reserve Bank still sees interest rate increases in our future, but fewer and further away than it thought three months ago.
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Big four Aussie banks face shake-up
Australian banks should be forced to hold more capital to minimise their risk of failure and improve competition, the Financial System Inquiry has found.
ANZ admits misleading conduct, settles for $18.5m
ANZ has admitted misleading conduct over interest rate swaps and up to 178 farmers will now have to decide whether to accept their share of $18.5 million from the bank.
ANZ pays out $19m to settle case
ANZ will pay $18.5m to some of its rural customers who complained about interest rate swaps after reaching a settling with the Commerce Commission.
Dynamic Business: Top four banks hold their places
The top financial institutions have held their positions on the Top 30 rankings for financial institutions.
Dynamic Business: We don't know how competitive we are
David McLean says his experience working as MD of Westpac's NY branch gave him a unique insight into NZ's international competitiveness.
China challenge tipped for big Aussie banks
Reserve Bank deputy governor Grant Spencer says the arrival of Asian banking giants is a watershed event that will boost competition and keep the dominant lenders "on their toes".
NZ economy the 'ultimate Houdini'
The New Zealand economy has managed the ultimate "Houdini" act by avoiding the inflationary pressures that usually go along with strong growth, Westpac said.
Banks' profits explode as bad debts go
Westpac NZ's record annual cash profit of $864m confirms a bumper year for the big banks. In fact, at $4.1b, that's almost $1000 for every man, woman and child in NZ.
Westpac earnings up on home loans, services
Westpac NZ has reported a 13 per cent rise in annual cash earnings to $864m helped by a rise in lending and improving bad debts.
Man's jaw broken by golf ball
A man's jaw was broken when he was struck in the face with a golf ball during Labour weekend.
Landlords up share of house sales
Westpac has changed its business model after discovering landlords are on the rise with their share of house sales up from 37 per cent a year ago to 42 per cent last month.
Big drop in exports hits trade balance
The gap between what New Zealand earns from the rest of the world through trade and investment and what it pays widened in the June quarter as falling dairy exports started to weigh on the trade balance.
Westpac and BNZ to be served papers
Two of New Zealand's largest banks will this week be served court papers over claims they charged more than 41,600 customers unfair penalty fees.
Man crushed by machinery from ute
A man has been seriously injured after a piece of machinery fell out of the back of a ute, crushing him underneath it.
Westpac nears release of 3D banking app
Westpac New Zealand says it is gearing up to release a world first banking app that will allow customers to view their account details in 3D.
Pride of NZ: Raging river An incredible rescue
Shane Andrews was riding to work across a bridge when a driver distracted by the swollen Waimakariri River crossed the centre line and knocked him into the river.
Aussie foils RBA as growth rivals kiwi, pound
Australia is forecast to be among the fastest-growing economies this year, making it harder for the central bank to convince currency investors it won't raise interest rates.
Property investor leads stocks up
NZ shares rose yesterday, led by Goodman Property Trust, after the property investor said full-year net profit rose 72 per cent. Trade Me and Xero paced the gains while Ryman Healthcare fell ahead of reporting earnings today.
Analysts see yuan rout over as China bumps up rate
Firms from Goldman Sachs to Commonwealth Bank of Australia are predicting the record yuan rout engineered by China's central bank has run its course.
LVR rules may go by the end of the year
The Reserve Bank's curbs on bank lending to low deposit borrowers could be removed by the end of the year.
Westpac post record half-year
An improving economy and a massive reduction in bad loans helped Westpac New Zealand post a record half-year profit.
Kiwi architects make mark in Oz
New Zealand architects, including Auckland's much-awarded Andrew Patterson, have been critical of Australian practices winning big jobs here.
Australia's major banks cop blast from Oxfam
Australia's major banks are scrambling to distance themselves from dealings with companies accused illegal or immoral practices
Paint it black
Campaigners are out to hit the fossil fuel industry where it hurts, by making it an unacceptable place to invest. Peter Huck reports