Latest from Banking and finance

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.

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

Staff sacked: Bank employees on pressures of bonus culture

Staff have been sacked for deleting customer email addresses to prevent negative feedback.

Editorial: Too late for a royal commission into banking

We say: Action needed to restore confidence in the banking sector now - not in two years.