Latest from Banking and finance

Finance firm recorded $15m loss before FMA restricted trading

Auditor qualifies opinion on Auckland-based broker's accounts.

FMA chief executive Rob Everett to depart

Rob Everett has headed up the Financial Markets Authority for seven years.

Business Hub: FMA official watching for banks behaving badly

Bolingford will use her experience handling UK banks during the GFC.

New Treasury role for Westpac chief economist

Dominick Stephens will work with Treasury on a 10-month secondment from Westpac.

ANZ fined $280,000 for misleading credit card insurance policies

"ANZ simply was not looking or looking adequately in the right places."

Financial adviser warned by regulator over KiwiSaver advice

Adviser told clients to move their KiwiSaver to low risk funds amidst Covid uncertainty.

ASB CEO: 'We are not out of the woods yet'

ASB boss talks about how the bank responded to Covid-19 situation.

Derivatives firm director a 'gun for hire', says FMA

Pegasus Markets was earlier fined $200,000 for the breaches.

Liam Dann: Ratings upgrade a big tick for NZ, but what will it mean?

While NZ's ratings upgrade is definitely good news, the immediate impact may be muted.

Heartland lifts first-half profit by 10.6%

Full year guidance expected at upper end of range.

Liam Dann: What snap lockdown means for interest rates

This lockdown hasn't shifted economic forecasts but that doesn't mean it has no influence.

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.

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.