Latest from Westpac Banking Corporation

5-year rate new front in bank mortgage war

More interest rates have been cut following a week of competition by the country's biggest banks to attract house hunters and mortgage holders.

Banks need to lift their game: report

Banks will need to "reinvent themselves" if they want to keep increasing shareholder returns, according to a new report.

Kiwi climbs against euro, aussie

The New Zealand dollar pushed on to a 21-month high against the euro yesterday as the spectre of deflation swept through Europe's financial markets.

Current account deficit near six-year high

Brian Fallow: Riding the dairy monster

A $6 billion drop in dairy farmers' incomes this season is a blow to the wider economy, no question, writes Brian Fallow. But it's not all bad.

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.

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.

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 looks to close Auckland bank branches

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.

Westpac NZ boss steps down after surgery

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.

Westpac trials new phone payments tech

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.