Latest from Banking and finance

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.

BestStart's $84m loans to rich-listers questioned

Regulator seeks assurance that related-party loans furthered charitable purpose.

Bank of England makes biggest interest rate hike in 30 years

High inflation is eroding living standards and likely to trigger a “prolonged” recession.

Editorial: Wages are rising but so is the cost of debt

Demand for workers is still strong but that's going to put more pressure on borrowers.

FMA seven-fund warning: How industry responded

'We will update our systems and processes after this warning': Matthew Horncastle.

Household wealth plunges by almost $90 billion

Rotten housing market corrodes net wealth, but we're still ahead of pre-Covid levels.

Workers need to be back in the office - NAB's Kiwi boss

But he isn't advocating for a five day a week return.

FMA suing Vero on claims of overcharging customers $8m

Action dates back to allegations of activity from more than eight years ago.

Pushpay insider trading case: Accused argues for anonymity

The case is the largest such proceeding in NZ history by the value of shares traded.

ANZ hikes some home loan rates

Its floating rates will rise 50 basis points.

Bank payouts to wronged customers top $109 million in four years

Nearly one million wronged bank customers identified after conduct and culture reviews.

The bank that gave away its $150m farm to Mount Albert Grammar School

Mount Albert Grammar School had previously leased the farm for nearly a century.