Banks ramp up risk and regulation hires - but at a cost
Top-level regulatory risk and governance specialists are commanding salaries up to $500k.
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Latest fromBanking and finance
Fraud's multi-million dollar deception funded lavish lifestyle
The unauthorised financial adviser faced nearly 50 charges for misappropriating funds.
Diana Clement: Why travelling is about to get a whole lot cheaper
COMMENT: Competitive, low fee, foreign exchange deals don't just benefit travellers.
Orr defends Reserve Bank's big rate cut
Orr came out swinging in response to an opinion piece from chief executive Kirk Hope.
Editorial: Breaking bad - low interest and the mortgage dilemma facing Kiwis
We say: Is it time to take advantage of record low interest by breaking the mortgage?
Mortgage wars: Home loan rates tumble - but not everyone wins
Banks have cut rates to new record lows.
Businessman freed from prison, another exonerated in GFC fraud case
The Court of Appeal quashed several convictions after a challenge by three businessmen.
Ponzi investors given deadline to join case against ANZ
ANZ has denied the claims.
Was the rate cut a colossal mistake?
COMMENT: The committee running the Reserve Bank may just have made a colossal mistake.
ASB ramps up compliance and risk staff numbers
ASB bank has beefed up its compliance and risk staff and says more will be hired.
Big banks cut rates: What slashed OCR means for you
Five major banks have announced cuts to home loan and savings rates.
ASB CEO Vittoria Shortt's pay packet revealed
ASB boss' pay revealed for the first time.
$1.275 billion bonanza - ASB's ninth record profit in a row
ASB bank has announced its full year profit.
ANZ scraps individual bonuses in clampdown on greedy banker behaviour
Individual bonuses will be replaced with a group performance dividend, the bank said.
Westpac to refund $7m after overcharging more than 90,000 customers
Around 93,000 customers are in for a refund.
Is your bank funding nuclear weapon-makers?
Banks are funding nuclear weapon makers to the tune of more than $4 billion.
BNZ struggled to meet anti-money laundering laws - report
Leaked documents have revealed potential risks around anti-money laundering at the BNZ.
More ponzi investors jump on board legal claim against ANZ
More than half of eligible RAM investors have now signed up to the claim against ANZ bank.
A man handed his retirement savings to his adviser. Then the SFO swooped.
Investor fears retirement fund is gone after financial adviser of 25 years investigated.
FMA issues stop order against Syndicated Trusts Ltd
The Financial Markets Authority has issued a rare stop order, and a warning to the public.
Ponzi scheme claim against ANZ could top $50m
The bank says it is also a victim of the Ross Asset Management collapse.
Sir Ralph Norris: Reserve Bank has 'gone a step too far'
Sir Ralph Norris has spoken out against the Reserve Bank's proposals.
Kiwi lands top job at National Australia Bank
A Kiwi has landed one of the top banking jobs in Australia.
'Wolf of Avarua': ANZ Cook Islands link in major fraud case
Stockbroker drove a Ferrari, lived the high life in London and Malibu.
Finance regulator accused of conflict of interest failure
The finance regulator has been accused of failing to manage a conflict of interest.
Ponzi scheme victims sue ANZ bank for tens of millions
Investors in Ross Asset Management have filed legal action against ANZ bank.
Watchdog takes Westpac to court over credit card blunder
ComCom seeks damages for affected customers.
Banks make $1.45bn in three months despite market changes
Bank profits were up in the first quarter of 2019 despite a subdued lending environment.
Comment: Why Govt should listen to its business council
Sam Stubbs argues that the Government should proceed carefully.
Banker forfeits $850k in $54m mortgage fraud case
Former BNZ banker has had his sentencing conditions eased after forfeiting $850,000.
Gambling on the bank: Call for more credit card restrictions
Are banks doing enough to stop Kiwis from getting into trouble with gambling?
Liam Dann: Aussie bankers overplayed their hand
COMMENT: New Zealanders should be careful to not overplay theirs.
Fran O'Sullivan: Why are Aussie banks going toe-to-toe with our Reserve Bank Governor?
Comment: Banking bust-up latest drama to suggest need for full sector review.
Threat of Aussie bank sell-down welcomed by local market
Local market players would welcome the NZX listing of local banks but don't believe it