Latest from Banking and finance

Politicians to have a crack at bank bosses and regulators via new competition inquiry

Inquiry to be broader than ComCom's study, including business and agricultural banking.

Booster disputes allegation it used funds wrongly for related wine investment

The market watchdog alleges 'serious' breaches but Booster says it disputes the claims.

$500 away from serious trouble: Cost of living hurting Kiwis’ ability to save

New pressures displace divorce, unemployment as explanation some cite for money troubles.

Kiwibank faces prosecution over $7m in customer overcharging

'Serious' charges come after multiple errors in Kiwibank’s manual and electronic systems.

Wynyard Quarter’s broken footbridge: Eke Panuku looks at temporary water-level pontoon

21 businesses are awaiting Eke Panuku's response, due at the end of the week.

Why Tesla shareholder vote won’t be the end of Elon Musk’s fight

Financial Times: Dispute over CEO’s record pay package has rattled the corporate bar.

$55k back pocket hole: What you could be missing out in KiwiSaver cash

Women, young people and those in default funds are more likely to miss out.

Boeing woes weigh on credit rating as spectre of junk status looms

Financial Times: Weak aeroplane delivery figures this week could deliver another blow.

Housing-related spending slumps as ANZ reports sluggish retail growth

Card spending growth is running below the level of inflation, ANZ reports.

S&P downgrades France's credit rating

S&P warns that France's debt ratios will only worsen in coming years.

Nicola Willis reveals she's had to field a complaint over Adrian Orr's conduct

A long-standing spat over bank regulation continues.

China’s army tests gun-toting version of robot dog

Financial Times: Debut of the robo-dog which the army has equipped with an assault rifle.

'True to their word' – infrastructure chief on Budget 2024

'Government appears to have recognised the deficit with roading and rail maintenance.'

Stocks sink as bond sell-off fuels jitters

Financial Times: Low demand for new Treasury auctions prompts retreat in major indices.

OCR cuts sooner than expected? Business confidence slumps in May – why that's good news

'There’s still a long way to go, but any step in the right direction is welcome.'

Toyota bets on new line of combustion engines in challenge to Tesla

Financial Times: Toyota unveils new fuel-based technology to be used alongside batteries.

Xi Jinping calls for quality jobs for youth instead of ‘bitterness’

Financial Times: President prioritises new jobs year after he told youth to toughen up.

Adrian Orr shares fiery 'letter to the editor' with bank bosses

The Reserve Bank governor says criticism of bank capital rules 'needs to be called out'.