'Absolute negligence': Financial expert lashes Kiwi banks, alleges systemic security failures
It’s absolute negligence on the banks’ behalf and it’s an embarrassment internationally.'
AdvertisementAdvertise with NZME.
Latest fromWestpac
Sacred Hill's $72m shortfall referred to authorities
Receivers lodge formal complaints over winemaker, which collapsed in 2021 owing $100m.
'Highly p***ed off': Mule used ANZ account to steal money from up to 9 victims
'Our NZ banking system is grossly inadequate.'
Third major bank hikes mortgage rates this week
Westpac is lifting its mortgage and term deposit rates from tomorrow.
Westpac to offer interest-free lending on EVs – but there’s a catch
Westpac has joined other NZ banks in offering loans for electric vehicles.
Scam victim hires private investigator to track ‘money mule’ after losing $100k
'In a lot of these cases you’re chasing shadows, but here there’s a genuine lead.'
Food prices fall in July after months of brutal increases
Believe it or not, food prices took a dive, for a change, in July.
Westpac strike: Demonstration and ‘capitalist pig’ at Britomart
'They have to be very, very angry to go on strike,' union says of rare bank worker action.
Westpac strike to go ahead, inflatable ‘capitalist pig’ expected
In rare bank strike, workers will take a variety of midweek actions.
Borrowers forced to dig deeper as home loan test interest rates jump again
One bank is now testing at over 9 per cent.
Nation of Debt: Kiwis putting more on the plastic to cope with the cost of living
How the economic slowdown is stretching household budgets.
High stakes: What tourism businesses need to do to cash in on $37b of spending
Firms warned they can't rely on pre-pandemic tactics.
Westpac, several smaller banks lift home loan rates - again
More banks have announced changes to their home loan rates.
Jarden Brief: Pizza boss excited about rising Domino's price, Uber deal
Stocks up and Domino’s booms on new deal, cool inflation news.
Westpac staff consider going on strike after ‘offensive’ pay offer
Bank says it offers benefits but union says staff have 'backs against the wall'.
Jarden Brief: Stash the cash, mega-companies told as US imposes tougher new rules
Jarden Brief: Market shrugs off warnings about higher borrowing costs and fewer loans.
Diana Clement: Why can’t banks be open about open banking?
OPINION: They have it in Australia and the UK but why not here?
Banks’ preparations for tough times could dampen profits
KPMG sees banks continuing to make provisions for higher bad debts.
Scam concerns intrude on big bank probe announcement
The nasty and costly scams have prompted a warning and some advice from ministers.
Consumer confidence still low despite belief inflation has peaked
Men are more upbeat about the economy but headwinds still expected.
‘Housing market found a base’: What you need to know about new REINZ data
Level of sales remains low but volumes rose in each of the past three months. What next?
Lower inflation on food prices ‘a long way away’, economists say
Annual food price inflation is still close to 30-year highs.
‘Edging closer’: ASB survey pinpoints housing market turning point
"Tentative signs of an uptick in activity, moderating price falls."
Retail spending slump signals looming economic downturn
Card spending fell for the first time since February.
A 2023/24 milk price of $8/kg will be a pinch for farmers
Fonterra's "mid-point" forecast of $8/kg will be close to break-even for farmers.
Westpac glitch hits some automatic payments, direct debits
Westpac glitch affects some payments as bank says 'urgent' solution sought.
Mortgage pain: Second major bank lifts home loan rates after OCR hike
Westpac has made changes to its fixed and floating mortgage rates.
Retail sales down, signs of 'stark' year for Kiwi households
Some sectors sacrificed as surging cost of living forces tough choices.
‘Absolutely gutted’: Retiree loses $150k in bogus HSBC-branded investment scam
The scam looked so real even experts were taken in.
Investment cons on the rise, 'pig butchering' scam makes waves
Bank warns of crypto scams, as fraudsters add love-bombing twist to some schemes.
How the market reacted to the Budget
Big increase in bonds may be a lot for market to swallow.
Banks less trusted than supermarkets - Consumer NZ survey
Public trust in banks falls as profits surge in the middle of a cost of living crisis.
Data shows official inflation rates underestimates Kiwis' true pain
Who is feeling inflation the most and why.
Difficult year ahead for consumers as food prices continue to rise
Food prices are at a 30-year high but increases should slow down later this year.