Latest from Banking and finance

Second major bank hikes mortgage rates

Westpac follows on the back of ANZ, but by how much?

Bank warns fight to stem inflation will spark global recession

One of the world’s biggest banks has heralded disaster for 2023.

Opinion: Brexit has made Britain a more European country

Opinion: Three things show the UK has become continental.

Why house prices could fall 22% instead of 18%

Why downward house price momentum could be yet to ease.

ANZ increases home loan rates - first major bank to hike after OCR rise

The move comes in the wake of last week's official cash rate hike.

The week that could unravel the global oil market

Financial Times: Amid price cap on Russian crude, many industry norms being undermined.

Xi Jinping faces stiffest challenge to rule as Covid outrage sparks mass protests

Financial Times: Warning of China reprisals if dissent flares up again.

$2b raid: How emergency Covid funds were redirected to bolster Budget '22

Former Treasury adviser says it was an “accounting trick”.

Steven Joyce: Robertson risks undermining independence of Reserve Bank

OPINION: Finance Minister should be taking steps to reinforce RBNZ's focus & independence.

US authorities investigate crypto exchange FTX

The collapse of cryptocurrency exchange FTX sent shockwaves through the crypto world.

Two years too long for open banking to come in - banking critic

But the banks say they already have a lot on their plate.

BNZ boss defends record profit

The bank has announced a profit increase of 7 per cent to $1.4 billion.

Super profits: Are banks making too much money?

And what should be done about it.

BNZ profit rises 7% to $1.4 billion

Strong business and home lending has helped drive BNZ’s profit up.

50,000 Westpac home loan borrowers face big rate rise

Bank says it has a plan to support those borrowers.

Westpac NZ profit rises 12% to more than $1 billion

Amid market volatility and rising living costs, Westpac releases full year financials.