Latest from Banking and finance

New CEO for Heartland Bank

Leanne Lazarus will join the firm from Westpac Life.

Obituary: Westpac's change agent and former CEO dies

Harry Price was the bank's New Zealand chief executive from 1992 to 1999.

BNZ economist: Chances of recession 'rising by the day'

The chances of getting through this interest rate cycle with a "soft landing" are fading.

Kiwis shrug off inflation woes to spend more in April

Hospitality is the sector still doing it toughest StatsNZ card transaction data shows.

Westpac increases branch hours but closes 18 ATMs as cash use falls

Westpac NZ chief executive says it had a solid result in a fast-changing market.

Westpac half year cash profit up 9pc to $635m

The sale of its life insurance business gave a one-off gain of $126m.

Watchdog bans $20m scheme for units offering 50% return

Today's move follows an earlier temporary freezing measure.

Why BNZ says its customers can cope with rising interest rates

The Bank of New Zealand has released is half-year result.

Why today's inflation figure offers no respite from rising interest rates

Rising domestic inflation, which could prove hard to beat, is worrying economists.

Will inflation top 7pc today? Economists expect highest in 30 years

StatsNZ releases Consumer Price Index data for the March quarter this Thursday.

The elusive politics of Elon Musk

New York Times: What kind of political philosophy does Elon Musk believe himself?

BNZ bank cards and internet banking back online after major outage

BNZ customers were unable to use ATM cards or access online banking services for hours.

House prices in 'full retreat' as FOMO gives way to fear of overpaying

New REINZ data shows the housing market cooling faster than expected, economists say.

Third bank increases mortgage rates after cash rate rise

The Reserve Bank increased the OCR from 1 per cent to 1.5 per cent yesterday.

Liam Dann: OCR double hike signals Reserve Bank ready to move faster on inflation

RBNZ looks prepared to hike rates faster but not necessarily to a higher peak.

OCR hike: ANZ moves first to lift mortgage rates

Brace for higher mortgage rates sooner.