Latest from Banking and finance

Unicorns are a sign of the right kind of bubble

Let's talk about classes of securities that cruise along at high and rising prices for years, then lose much of that value for no obvious reasons.

Bank in trouble over new $10 note

The Reserve Bank's governor has apologised after wrongly attributing a panel design on the new $10 note.

Five big rural lenders to conduct 'stress test'

Reserve Bank has asked the country's five biggest rural lenders to conduct a "stress test" of their exposure to dairy farm debt, and had encouraged them to set aside provisions .

Reserve: Auckland property risk growing

New Zealand's banking system remains in good health, but heavily indebted dairy sector and heated property market are posing increasing risks to lenders.

BNZ fights $157k freight claim

BNZ is facing a lawsuit which a liquidator of a freight-forwarding company says should have gone to the New Zealand Customs Service for import duty.

ANZ shares lower as index climbs back down

The S&P/NZX 50 index fell 0.06 per cent, or 3.89 points, to 6069.74. Within the index, 23 stocks rose, 16 fell and 11 were unchanged.

Warehouse to offer low cost credit cards

The Warehouse is rebranding and extending into financial services with the launch of two low- fee credit cards.

Banks facing hefty challenges

The A$30 billion combined annual cash profit reported by Australasia's big four banking giants is an eye-popping figure by anyone's measure.

No ATMs, no Eftpos, no service

Anger and frustration over glitch that brought down ANZ services.

Market heft gives ANZ lift

Market-share gains helped ANZ New Zealand drive a 4 per cent lift in annual profit to a record $1.8 billion.

Banking glitch impacts ANZ customers

ANZ Bank is working to fix a technical glitch which has caused all of its major services to be disabled tonight.

Buyers' market tipped after China drop off

A window of opportunity has opened up for first home buyers in Auckland as a result of a massive decline in interest from Chinese buyers, says one mortgage broker.

ANZ NZ profits up 0.3pc, interest margin falls

ANZ Bank New Zealand, the nation's biggest lender, has recorded a 0.3 percent gain in full-year cash profits.

Reserve: No rates cut - for now

Official cash rate to remain at 2.75 per cent but bank worried about effects of China slowdown.

Home loan rates at rock bottom

Fixed home loan rates are unlikely to fall much further regardless of what happens to the official cash rate brokers say.

Booming BNZ sets aside rural cushion

BNZ has cracked the billion dollar profit level, but has put aside a big pile of cash for potential bad debts from its rural customers.