Latest from Banking and finance

KPMG baffled by National’s pledge to ditch financial services conduct law

The law is meant to regulate banks and insurers over how they treat customers.

Martin Wolf: How China can avoid the Japan trap

Financial Times: Has China’s period of relatively rapid economic growth come to an end?

Sharesies users get new instant pay wallet refill option with two big banks

Bigger wallet top-ups cheaper with open banking than using credit card, Apple or Google.

Royal carpet maker Victoria’s shares tumble on auditor’s fraud risk warning

Financial Times: Kiwi financier Geoff Wilding took helm, presided over share price surge.

Western companies take slow steps towards China ‘de-risking’

Financial Times: Strategies focus on ways to insulate China operations, not reduce them.

Opinion: Bosses won’t like it but WFH is a happier way to work

Financial Times: Employees will continue to prize remote work even as the market shifts.

Kiwibank lifts mortgage rates as all eyes go on next OCR move

Last week's strong GDP raised expectations mortgage rates would continue to climb.

‘Milestone’ moment: Why economists think the global cycle of rate rises is over

Financial Times: Evidence mounts that inflationary pressures are easing.

Under-reporting: Netsafe says online fraud actually costs Kiwis $470m per year

The cost has doubled since a 2018 report; Netsafe funding and oversight changes are eyed.

Saudi Arabia’s energy minister says oil cuts not about ‘jacking up prices’

Financial Times: Prince Abdulaziz bin Salman defends lower output as crude nears US$95.

GST debt prompts Inland Revenue to liquidate clothing retailer

Problems included ill health, credit facility withdrawal, economic conditions, overheads.

Opinion: Stakes of the US car worker strike could not be higher

Financial Times: If Biden can’t bridge gap between bosses and labour, Trump could win.

How geopolitics threatens Apple’s dependence on China

Financial Times: Beijing's restrictions on government use of Apple products pose problems.

The plight of the hidden carers in your workforce

Financial Times: Millions of staff secretly juggle busy jobs with demanding caring duties.

Forged FMA document: Fake financial adviser pleads guilty

He falsely held himself out as a financial adviser in an email to clients.

Are we out of recession? Economists make their picks

After two quarters of contraction, has the economy rebounded - and can it last?