Latest from Banking and finance

Robertson says select committee ill-equipped to conduct bank profits inquiry

The Finance Minister is unsupportive of a 'quick and dirty' banking probe.

US stocks fall after Powell’s hawkish comments

Fed chair says more aggressive action could be required if economy grows too quickly.

$900 mortgage hike: How much pain are we in for and when will rates come down?

New Zealand is in for a massive mortgage shock, and renters won't be immune.

China sets 5 per cent growth target to drive economic recovery

Financial Times: Xi Jinping seeks to restore pre-pandemic levels of growth.

Philip Morris’ CEO on quitting smoking and detoxifying the brand

Financial Times: Boss says tobacco group shifting from cigarettes to ‘healthy solutions’.

Reinvigorated scams set to target tax season

To everything, including scams, there is a season.

Beijing in crisis as China faces a child-free future

The Telegraph: A shrinking population could halt Beijing's ascendance.

Who to fire? How the biggest companies plan mass lay-offs

Financial Times: Employers need to avoid lasting damage to morale as they axe jobs.

Mortgage shock: $900/fortnight rise for many Aucklanders

A big toll on many households’ disposable incomes.

European digital banking app Revolut to launch into NZ

It has 20,000 Kiwis already on its waiting list.

Emergency finance issue shows law not fit for purpose

The Credit Contracts and Consumer Finance Act is under fire again.

Opinion: Subscriptions won’t change social media’s dependence on advertising

Financial Times: Companies have yet to work out what they should charge users for.

Consultants start to cut jobs as boom time ends

Financial Times: McKinsey and KPMG first to move as clients reduce costs.

Hawke’s Bay winegrowers: ‘We’re down but not out’

Some in the industry say it will take years to recover from Cyclone Gabrielle.

TVNZ profit dives, CEO looks beyond abandoned merger

Amount spent on merger with RNZ revealed.

Home loan rates may have peaked, says Kiwibank boss

But bank still has 30 to 40 per cent of loan book to move on to higher rates.