Latest from Banking and finance

Motorsport: Ecclestone accused of fabricating need for 'bribe'

Kiwi dollar hits 2 week high against Aus dollar

Big banks get $3.5b profit

New Zealand's big four banks collectively made more than $3.5 billion of profit in the last year in another record year for the sector.

Big banks' record profits

New Zealand's big four banks collectively made more than $3.5 billion in the last year in another record year for the sector.

Auckland house prices hit all-time high

Auckland house prices hit an all-time high, Barfoot & Thompson data just out showed, despite Reserve Bank lending restrictions.

Westpac cuts high-risk loans

Westpac chief executive Peter Clare says the bank's rivals have been left with a "hangover" after pushing forward with mortgage pre-approvals.

Home buyers pick price rise

The Reserve Bank's restrictions on low-deposit mortgage lending have yet to dent expectations that house prices will rise.

Big Aussie banks rack up $31b in profits

The big four Australian banks made more than A$27 billion (NZT $31b) in profits in the past year, making Australasia's banking sector one of the world's most successful.

NZ dollar touches six-week low overnight

Ombudsman fields gripes over banks' behaviour

The banking ombudsman has had 10 complaints about the loan-to-value-ratio (LVR) changes introduced on October 1, with eight related to banks withdrawing prior approvals.

New-home builds on hold

One of NZ's largest home builders says new loan restrictions have cost it 24 new-home builds in the first month alone - and it expects more as the policy bites.

Widespread bank pay delay

Payments between New Zealand banks have been restored after a glitch at ANZ New Zealand led to industry-wide disruptions.

NZ dollar falls on bet of Fed tapering delay

Rabobank to pay $1b in Libor settlement

Court sets December deadline for joining lawsuit over bank fees

The High Court has given ANZ/ National Bank customers until December 13 to sign up to a lawsuit against the bank over fees, according to a group taking the case.

Shadow board tips Reserve Bank to hold rate

The NZIER shadow board believes the Reserve Bank should leave the official cash rate on hold at 2.5 per cent when it reviews it tomorrow.