Westpac's New Zealand boss earned more than $3 million in 2013 despite taking a pay cut.

New Zealand's big four banks collectively made more than $3.5 billion in the last year in another record year for the sector.

Westpac chief executive Peter Clare says the bank's rivals have been left with a "hangover" after pushing forward with mortgage pre-approvals.

The big four Australian banks made more than A$27 billion (NZT $31b) in profits in the past year, making Australasia's banking sector one of the world's most successful.

Payments between New Zealand banks have been restored after a glitch at ANZ New Zealand led to industry-wide disruptions.

Westpac has dropped its two-year fixed rate home loan but at the same time hiked its one-year rate.

After being in the doldrums for most of the last 10 years, the tourism sector is being tipped to go through an upturn.

Low-deposit mortgages will not only be harder to get from the end of this month, but they will be a lot more expensive.

The driver of a van which collided with a group of cyclists in Waikato this afternoon has told of his shock at the scene of the crash.

Kiwibank has hiked two of its fixed mortgage rates for people who have deposits of less than 20 per cent.

Kiwi house buyers can now get a mortgage on their cellphones - a first for New Zealand and Australia.

Environmental columnist Sam Judd checks out a new way for farmers to make money that will actually benefit the environment.

More New Zealanders are feeling comfortable about increasing the limit on their credit card limits now than this time last year, according to survey findings.

Prices of dairy products have surged to a record in Fonterra's latest global online auction as traders competed for a shrinking volume of drought-affected milk powder.

The number of kiwis who crossed the ditch last month was its lowest in two years, according to figures out today.

A prospectus for the Mad Butcher's back door listing is expected to be out next week...

Consumer confidence is holding up at "decent but not spectacular" levels in the latest Westpac McDermott Miller quarterly survey.

Kiwis continue to feel relatively chipper about their economic circumstances, despite the drought and a string of high profile job cuts, a new survey shows.