Latest from Banking and finance

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.

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.

Major banks shut Auckland branches for level 3

BNZ previously had nine branches open with limited hours.

ASB boss' big pay packet cut

Vittoria Shortt's pay package takes half-a-million-dollar hit.