NZ banker goes on the run
Police are hunting a NZ bank executive who left Australia after learning an investigation had been launched into his alleged receiving of kickbacks.
AdvertisementAdvertise with NZME.
Latest from Banking and finance
Ambrose Evans-Pritchard: Indebted firms about to get their fingers burnt
Sitting on the desks of central bank governors and regulators across the world is a scholarly report that gently hints at horrors in store.
Client seeks to bankrupt adviser
An out-of-pocket client is trying to bankrupt his struck-off former financial adviser who recommended six "disastrous investments".
Dollar extends gains following weak US retail sales
The NZ dollar extended its gains overnight after the Reserve Bank's better-than-expected outlook for the local economy.
Inside Money: Bonanza! How banks cash in on KiwiSaver
If banks wanted to adopt a theme song for KiwiSaver it would have to be the song from Bonanza.
Keep cash rate on hold - shadow board
The monetary policy shadow board's advice to Reserve Bank governor Graeme Wheeler is unchanged from six weeks ago - keep the official cash rate on hold at 3.5 per cent, with a cut the next best....
Consumers boost spending and saving
Retailers are continuing to benefit from the boost to consumers' discretionary incomes from the fall in oil prices over the past year.
Retail card spending up 1.2pc in Feb
New Zealanders increased spending on debit and credit cards in February, led by gains in hospitality and apparel as low inflation
SBS mortgage sign of rates rivalry
Competition is continuing to heat up in the mortgage market, with a new rate dipping below 5 per cent.
China's GDP target won't slash demand
China's decision to lower its annual GDP growth target to around 7 per cent should not have a significant impact on demand for New Zealand commodities, HSBC's chief economist for Australia and New....
Liam Dann: Goldilocks economy in a complex world
The US economy continues to surge back to life, moving into territory which some economists describe as "full employment". However, Americans who are still without a job may disagree.
Hanover Group's lawsuit set for court
Hanover Group's lawsuit against its former insurance broker for failing to get it full cover hasn't settled and is now expected to be argued almost 1 1/2 years after it was due.
Building slump in Oz continues
Construction activity in Australia continued to fall in February as an interest rate cut failed to encourage new orders.
OCR expected to hold at 3.5%
The January OCR review saw a shift in the bank's stance from a tightening bias to neutral.
Sponsorship's a game of two halves
ASB is looking to learn and grow from its financial support of the All Blacks.
Failed Portuguese bank breached orders: report
The Portuguese bank that failed and lost the NZ Super Fund almost $200m breached Central Bank orders by "increasing exposure to its founding family's collapsing business".
Mary Holm: Deposit guarantees have downsides
Insurance of this kind is not always effective, may be unfair and can lead to risky lending by banks, writes Mary Holm.
Banks relieved as proposal dropped
The major banks are breathing a sigh of relief that the Reserve Bank has decided to drop the 5+ proposal.