Latest from Banking and finance

European bank bonuses lose pace with US competitors

Investment bankers at some of Europe's biggest firms are braced for bosses to halve their bonus pools.

Banks in 'technology arms race'

Banks are in a technology arms race to keep up with newer players who offer peer to peer lending.

Challenging year ahead for banks

NZ's banks are expected to remain in a strong position this year but will face tougher funding challenges and ongoing pressure from technology changes.

Trump said to owe more than $1.4 billion

Donald Trump's complicated financial obligations have been laid bare, with reports he owes more than $1.4 billion.

Travelling to India? Take note

Kiwis travelling to India are being warned to pre-pay as much as possible and bring credit cards as the country struggles with currency issues.

Pay rises await skilled workers

Robert Walters director Shay Peters said employers needed to have strategies to attract and keep skilled workers.

Overseas trading buoys shares

Wall Street set the tone for the Asian trading session

Bank leaves doors unlocked

Police have helped to secure a Melbourne Commonwealth Bank discovered apparently unlocked on New Year's Day.

Westpac gifts $200 to New Year newborns

Westpac is celebrating its 200th birthday by depositing A$200 into new accounts for babies born in 2017.

Business confidence rises with building

New Zealand business confidence rose a tad in December, led by an upbeat construction sector although tighter credit conditions continued to weigh.

Watch: How RBNZ stress tests banks

The Reserve Bank of New Zealand has a rigorous approach to stress testing banks, with some devastating scenarios put to bankers.

NZ services sector activity rises

The BusinessNZ-BNZ performance of services index rose 1.3 points to 57.9 in November, still above the long-term average of 54.1.

Kiwis spending more on Christmas

Christmas spending is shaping up to be strong across the country.

Deutsche Bank admits misleading clients

The bank will admit to violating state and federal securities laws by failing to address technical problems.

Telling the banks' side of the story

From karate to detailed policy issues, Bankers' Association head likes a challenge, writes Tamsyn Parker.

Geneva Finance lifts first-half profit 56pc

Net profit rose to $2.4 million, or 3.35 cents per share, in the six months ended September 30 from $1.5m, or 2.18 cents, a year earlier.

Startup aims to help first home buyers

A new website that compares mortgage rates across banks in an instant was founded by two Aucklanders struggling to get their first home.

UDC deposits shrink as ANZ ownership question weighs on some investors

UDC Finance's deposits shrank in the latest financial year.