Latest fromBanking and finance

RBNZ approves Kiwibank bonds as regulatory capital
The RBNZ will recognise two bonds issued by state-owned Kiwibank as regulatory capital.

ASB increases profit to record $1 billion
Record profits at ASB despite global uncertainty.

Bonus cut for Kiwi bank boss
Commonwealth Bank's board says it still has full confidence in Ian Narev.

ASB says software and ATMs different in NZ
CBA has been accused of systemic failure to comply with anti-money laundering laws.

'Don't jump to conclusions'-CBA boss
The Commonwealth Bank of Australia has been accused of breaching money laundering laws.

CommBank embroiled in laundering scandal
Commonwealth Bank accused of 53,000 contraventions of money laundering laws.

Rich-listers sell out of Fisher Funds
Rich-listers Carmel and Hugh Fisher have sold out of Fisher Funds.

Business confidence's normal winter cooling not so frosty
NZ business confidence's traditional winter cooling not so frosty in July.

Watchdog's warning about kids' bank accounts
Parents should be careful about how they set up their children's bank accounts.

Brexit fallout: BoA chooses Dublin for main hub
The bank will move some roles from London to the Irish capital.

FMA confirms KiwiSaver fees methodology
FMA allows KiwiSaver managers to use one of two methods to show fees charged.

Maori entities making 8.2pc annually
31 iwi and hapu made 8.2 per cent average annual return from their assets.

'Shattered': $71,000 deposit gone
Aussie man wanted to buy flat to return home, but instead got caught up in crackdown.

At last - some good news for savers
Term deposit rates have risen in the last six months.

One of 50 CEOs is female: 'Disappointing'
As she launches a new book, Joan Withers talks about how the world has changed for women.

G20 reforms prompt RBNZ, MBIE to look at law change
International derivatives rules prompt RBNZ, MBIE to look at law change

Kiwi dollar celebrates its 50th
Fifty years ago today decimal currency was introduced to New Zealand.

From Israeli OE to top job
From Melbourne to Jerusalem was a key career moment says BNZ chief.

Hacker tricks his way into business bank accounts
As soon as they opened up the business bank accounts, the screen went black.

FMA spends 13,000 hours on finance case
The FMA also paid $1.65m for lawyers, investigators and external services in the case.

Tax law: Banks to provide data to IRD
A tax law coming into force today will require banks to provide IRD with tax information.

$400,000 fine for market manipulation
The High Court found Mark Warminger manipulated the stock market on two occasions in 2014.

Embracing governance issues
COMMENT: Companies with higher ESG ratings are, on average, outperforming their peers.

Co-op Bank offers cycle and dig for cash
The Co-Operative Bank is offering customers a chance to dig and cycle for cash

The story behind the world's first ATM
The first cash machine was so popular it often ran out of money.

South Australia's idiotic bank tax
COMMENT: South Australia's bank tax is nothing more than gouging.

Banker husband 'made me watch porn'
The wife of a top Sydney bank executive says he forced her to watch porn.

First-time house buyers worst hit as house sales fall
House sales in Auckland have slumped by almost 30 per cent over the past year