ASB backs down on lending clamp-down for new builds
The bank will now lend to investors wanting to do new builds who have low equity.
AdvertisementAdvertise with NZME.
Latest fromBanking and finance
Banks closing up shop in isolated district
Combined Kiwibank/Post Shop could be the only in-person banking left in Wairoa by winter.
Major bank clamps down on new-build lending to investors
Banks are also taking a divergent approach on pre-approvals.
Three major banks shut branches across Auckland
Which banks have branches open in Auckland under alert level 3?
Billionaire 'art-smuggler' refused NZ entry yet his yacht is here
Banker Jaime Botin tried to join yacht in Auckland on which he earlier smuggled a Picasso.
ANZ credit card insurance breaches go back decades - court told
"It took time to chase rabbits down holes and identify what had gone wrong."
ASB half year profit down 1pc to $614 million
ASB has released its half year result.
Money Talks: Why economists get it wrong more often than right
ANZ economist Sharon Zollner shares thoughts on money, debt and the price of lollies.
Christopher Niesche: Ongoing success of the neobank in doubt
Neobanks play the all-important role of keeping Australia's big banks on their toes.
Liam Dann: Why economists got unemployment so wrong
It's been a tough year for economists - at least they've been wrong for the right reasons.
Regulator gives market manipulation warning amid rise in investor activism
FMA CEO Rob Everett says the rise in investor activism looks here to stay.
More child abuse image charges laid against Sir Ron Brierley
The businessman appeared in court today.
Liam Dann: Why good jobs data could point to higher interest rates
Strong numbers tomorrow may raise more alarm bells than weak data, economists say.
Sir John Key on when he thinks NZ's borders will open again
Sir John Key speaks to the Herald about the borders, airlines and international travel.
BNZ appoints new chief economist
Paul Conway previously worked for the Productivity Commission.
Why banks aren't taking advantage of cheap money
Just $1.04 billion has been lent through the programme.
Ka-ching: Nearly half a billion in fees paid to bankers
Bumper year for investment bankers - who made the most money?
Reserve Bank says it now knows scope of data theft
"I am disappointed and sorry this data theft has occurred," Governor says.
Mortgage wars: All major banks now offering this super low fixed rate
BNZ and ASB have fallen into line and matched Westpac and ANZ.
How badly Deutsche Bank was burnt by Trump
As Trump prepares to return to the corporate world, he's lost an important backer.
ANZ drops forecast for negative OCR
New Zealand's largest bank expects only marginal drop in cash rate this year.
ASB fearing 'anaemic' growth in 2021
Bank warns if business investment doesn't rise, recovery may slow.
Broking firm fined $200,000 for 'blatant' breaches
NZ's financial watchdog started to crack down on misuse of the FSPR in 2017.
Diana Clement: How to financially prepare for 2021
After 2020, we should prepare for curve balls, having savings, and taking out insurance.
Statutory Holidays: What you should be paid
OPINION: It is concerning that people still do not know their rights.
ASB boss on how Kiwis can get ahead in 2021
ASB boss Vittoria Shortt says people should be mindful of an unforeseen downside to 2021.
What will banking look like in 2021?
Cheques are set to disappear in 2021 and branch numbers are falling.
Smoke and mirrors: The story of a thieving 'trader' with many names
Rod Richard Makatea, Rodney Crichton and Rodney McCall are all the same man.
Leading questions: ANZ's Antonia Watson's advice for the Government
ANZ NZ bank boss Antonia Watson makes some predictions for 2021.
Home detention for stock trader still yet to pay back fraud victims
"I'm dealing with someone who is inherently dishonest," judge says.
ASB attempted to syndicate Yealands' debt
ASB tried and failed to syndicate debt it holds to Marlborough wine company in 2019.
NZ's largest bank ups ante for property investors: 40% deposit now needed
The bank has immediately increased its deposit requirements.
Documents reveal 600 staff at HSBC, Standard Chartered are Chinese Communist Party members
The disclosures raise major questions about the independence of major institutions.
The Kiwi businesses that can't open bank accounts
A finance company has been turned down by 11 registered banks in NZ.