Latest from Banking and finance

Insurance premium growth to finally abate – if not fall

A soft insurance market is beneficial for businesses in particular.

ASB profit growth stalls as it hires more people, puts millions aside for breaches

The bank reports an annual profit of $1.45 billion.

Adrian Orr’s Reserve Bank hiring spree unwound; 1 in 4 jobs proposed to be cut

The proposal would only take staffing back to 2023 levels.

Why NZ firms are turning to offshore markets for bonds

Companies are increasingly seeking overseas funding, slowing NZ bond issuance.

Govt, healthcare and bank staff passwords for sale on dark web – security expert

The cyber security expert also shares his top tip for keeping your login safe.

Borrowers hold off locking in mortgage rates for longer terms

One-year mortgage rates are rising in popularity.

Notorious conman who scammed NZ tycoon jailed after 14-year manhunt

Ahsan Ali Syed finally faces justice for his elaborate advance-fee fraud.

Southern Cross fined $1.1m for misleading discount claims

Discounts were applied only to base premiums, not entire premiums.

Lower interest rates, more money printing - RBNZ considers response to ageing population

Will NZ's central bank go down the path of the Bank of Japan?

'Firepower to help': Small business lender raises $200m capital for new loans

The funds will support financing in sectors like construction and healthcare.

Rishi Sunak returns to Wall Street bank he joined as intern

His pay will go to his charity, the Richmond Project.

NZ’s largest taxpayers revealed - does big business play fair?

Thirteen companies each pay more than $100m in annual income taxes.

Watercare secures $3.4b debt facility, largest for NZ corporate

Securing the bank debt marks Watercare's financial independence.

Big Reserve Bank scheme to protect Kiwis' savings launching

Will scheme change the way people manage their money?

Former CFO of failed insurer CBL to pay $1.2m for continuous disclosure breaches

Carden Mulholland’s actions were described as 'serious and far-reaching'.

Govt accused of doing billion-dollar backroom deal with banks

Lawyer accuses Government of poor law-making process.