Foreign currency exchange dives but major banks stick with it
ANZ will follow Kiwibank in quitting buying and selling foreign currency.
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Latest fromBanking and finance
Liam Dann: House price boom raises stakes for Reserve Bank
The Covid housing boom shows Reserve Bank policy working but could see return of LVRs.
Former Viaduct Capital director fails in costs bid after fraud convictions quashed
Richard Blackwood wanted more than $75,000 after having his convictions overturned.
Buyer beware: Cannabis start-up raising funds without mentioning expired licence
Pitchman and co-founder Aldo Miccio goes silent.
Mortgage wars: Stunning 1.99% record low rate - how will other banks respond?
Heartland Bank has broken the record for NZ's lowest home loan rate in history.
Bank tightens contactless payment fraud tracking
Bank contacted customer before they even knew they had lost card.
Former board member's 'high price' for GFC fraud
Paul Bublitz stole $1.17m and then sought almost the same amount for his legal costs.
Peter Harris' co-defendant continues SFO secrecy fight
The CBL saga continues after the insurance company collapsed with a market value of $747m.
Ex-Mutual Finance board member fails in bid to recoup $1.14m
"The offences of which he has been convicted are not minor or technical," judge says.
Regulator calls out concerning behaviour in financial services firms
Weaknesses were found in governance, conduct and culture and compliance controls.
Westpac hit with A$1.3 billion fine for Austrac scandal
The fine relates to 23 million financial law breaches.
Kiwibank to pay out $5.2m to 48,000 Kiwis after 'system failure'
Bank reaches settlement agreement with the Commerce Commission.
$4000 cashback: Is it worth breaking your mortgage?
Bank sweeteners also come with a catch.
Bank profits fall 13 per cent, provisioning rises to $2.5 billion as worst yet to come
KPMG's quarterly report shows bank profits have dropped again.
Suspicious transactions: Major NZ banks named in global probe
A global investigation has revealed transactions involving 'dirty money'.
Theo Spierings' new gig, Warehouse avoids scrutiny, Hosking joins ASB
The inside word on New Zealand's business community.
Heartland profit better than expected but dividend cut
Heartland Group has reported a full year profit for the year to June 30.
Editorial: NZ's biggest fall in GDP won't tell real story
Today's fall in GDP will be better than initially expected and the worst in NZ history.
Heartland secures new funding for reverse mortgage business
Deal will allow Heartland to continue expanding in Australia.
How to run a bank from home: BNZ's unfazed boss
Angela Mentis says she started work at 4.30am while in Australia under the first lockdown.
Negative cash rate could dent confidence, Westpac boss warns
The Reserve Bank of New Zealand has continued to signal its intention to go negative.
Trading company, NZ director guilty of financial register misuse
Pegasus Markets Ltd also ignored a warning by the New Zealand Companies Office.
Kiwis' $766 million Bonus Bond windfall
The average amount taken out so far is $12,767.
Where to invest your Bonus Bond cash
Advisers are getting a flurry of queries from savers looking to re-home their money.
FMA lays more than 100 charges over Forestlands allegations
Allegations include failures to file financial statements in 2015, 2016 and 2017.
What Bonus Bond holders could get if they wait for the wind-up
Will waiting for the wind-up be worth it?
Covid-19 finance scam: FMA warns of watchdog impersonators
The woman's family needed cash after being "stranded in NZ" because of the pandemic.
Nation of Debt: How Covid is changing the way we borrow
New Zealand's total gross debt is now $603.5b - about $120,000 per head of population.
Kiwibank boss on why confidence is its biggest headwind
Bank forecasts a tough period ahead.
Kiwibank profit down 47pc to $57 million
Kiwibank has released its full year result.
Bonus Bonds: The life-changing win that won't happen any more
All her life she wanted to feel that thrill again. Now she won't get the chance.
Regulator to keep close watch on Bonus Bonds wind-up
There are 1.3 million Kiwis with about $3.25b invested in Bonus Bonds.
Bloomfield blames advice for blocking bank bid
Health boss says no one told him banks had been allowed to operate in earlier lockdown.
Bank botch-up: PM's office intervenes after Health Ministry closed branches
Ministry had about face over bank branches after Prime Minister's office gets involved.