Latest from Banking and finance

Global inflation boosts NZ's terms of trade as food prices spike

Rising food prices outpaced rising energy costs to drive a rise in NZ's terms of trade.

Hold-out Auckland sellers swipe listings from market

"Sales prices are definitely starting to fall, but not dramatically" - Peter Thompson.

Bank dividend restrictions lifted

From July banks will be able to pay out a full 100 per cent dividend.

ANZ: Residential construction sector 'deteriorating rapidly'

The ANZ Business Outlook survey shows inflation may be peaking but pressure still intense.

Major New Zealand banks lift mortgage rates after OCR hike

Retail banks have started hiking rates in the wake of last week's hawkish RBNZ call.

Deloitte says Westpac NZ has made progress on liquidity risk management

RBNZ says it expects Westpac will build on its momentum to date.

Market close: NZ shares slide again, down 16% for the year

The S&P/NZX 50 Index slipped from a strong morning of trading.

OCR rise: 'Day of reckoning' coming for borrowers of $160b

Around $160 billion of fixed-rate housing loans come up for review in the next year.

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.

ANZ CEO expects subdued home loan growth

But Antonia Watson sees signs of stronger business lending.

Liam Dann: Tight labour market points to more inflation ahead

Unemployment is low but how is it defined and how does it compare to benefit numbers?

Young worker exodus predicted to leave big holes in finance sector

Some employers are offering higher KiwiSaver contributions or to pay for medical cover.