
'Preposterous': Banking watchdog under fire, calls for law change to protect scam victims
Critics say customers who visit their bank are more protected than those paying online.
Critics say customers who visit their bank are more protected than those paying online.
'This should have happened years ago,' Consumer CEO Jon Duffy says.
Colin Chu wanted to buy an investment property. He lost the house and now owes $1.3m debt.
The victim sent 20 separate money transfers of $50k each over just eight days.
Customers had issues with eftpos cards and bank balances.
Bank says it will contact home loan customers who might be facing financial difficulty.
The Coromandel Peninsula area had the most rescue helicopter missions in 2023.
The two men were winched aboard Auckland's Westpac Rescue Helicopter this afternoon.
The case cited information from a bank whistleblower, said to show internal discussions.
Electronic card spending fell at the end of last year which might be bad news for retail.
The diver was airlifted to hospital in a serious condition.
Work is 'progressing' to introduce a co-ordinated Anti Scam Centre to protect customers.
Bank says more households expected the economy to strengthen over the coming year.
Stats NZ data showed card spending was up across all categories last month.
Some juicy term deposit offers are fake, NZ bank warns.
With a last hike for the year looking unlikely, what does the bank expect for 2024?
Westpac is cutting a range of its longer-term home loan rates.
Two big events made in the US, and one made in China, aim to ignite retail fortunes.
Economists are reassessing their interest rate outlooks after inflation data surprised.
Union confident talks made progress after strikes at bank, retailer.
New rescue helicopter will be in action this month for the Waikato region.
Beset with niggles about inflation and recession, the economy is slowing.
NZ needs to look holistically at challenges.
A lagging pain from the sting of central bank hikes could start to set in.
Bigger wallet top-ups cheaper with open banking than using credit card, Apple or Google.
The big concern for New Zealand households is the pressure on their finances.
Strong exports, IT services, manufacturing helped drive growth in second quarter.
After two quarters of contraction, has the economy rebounded - and can it last?
"Unfortunately, this comes far too late as my family’s lives have already been destroyed."