Latest from Banking and finance

GFC fraud case: Ex-board member wants costs after partial-acquittal

Paul Bublitz was released from prison last year after a successful appeal.

ASB to close 9 branches and reduce hours on 25 others

It will also hire people into 150 new roles.

ASB customers demand branches reopen, bank defends

'Branch teams are currently dealing with mammoth task' - ASB's Craig Sims.

Continuous Disclosure: Goldman Sachs' golden run, Delegat's good drop

When a good drop is good news.

Buoyant investor confidence worries regulator

Investor confident didn't fall despite coronavirus outbreak causing market volatility.

How one Kiwi company went from LA award-winner to receivership

The once award-winning business owes $7.3 million.

Alleged $50m money laundering breaches for Hong Kong subsidiary

The accused company provides financial services, including broking and derivatives.

Covid crunch: NZ house prices tipped to fall by 10 per cent

S&P says the credit ratings of local banks should hold despite a 10% fall in house prices.

'As good as John Key': Bragging trader used stolen millions to fund luxury life

Steven Robertson used stolen millions to fund a luxury, jet-setting lifestyle.

Regulator takes action against ANZ for insurance that offered no cover

Financial Markets Authority alleges bank sold insurance policies that offered no cover.

The other cloud hanging over NZ's economic recovery

The recovery will take way longer if Kiwis aren't willing to spend.

Westpac loan targets rise in work from home

Bank offers up to $10k interest-free as more opt to work from home.

Japan's Shinsei Bank to buy UDC Finance for $762m

ANZ has been trying to offload UDC for some time.

Mortgage wars should spark boost to lending

Mortgage lending was slashed to about half of normal levels last month due to Covid-19.

HSBC reviewing operations - could NZ office close?

Global bank is reviewing its operation as it cuts 35,000 staff.

How bad could it get for banks? The worst case scenarios

Reserve Bank governor Adrian Orr forecasts tough time still to come.