
Middle-age mortgage? No way
Middle-aged home buyers face being locked out of the property market because banks are worried they are too old to pay off their mortgage before they retire.
Middle-aged home buyers face being locked out of the property market because banks are worried they are too old to pay off their mortgage before they retire.
ANZ has admitted misleading conduct over interest rate swaps and up to 178 farmers will now have to decide whether to accept their share of $18.5 million from the bank.
ANZ will pay $18.5m to some of its rural customers who complained about interest rate swaps after reaching a settling with the Commerce Commission.
You don't need to walk far in Auckland to see that the face of the city has changed almost beyond recognition in recent decades.
The top financial institutions have held their positions on the Top 30 rankings for financial institutions.
Reserve Bank deputy governor Grant Spencer says the arrival of Asian banking giants is a watershed event that will boost competition and keep the dominant lenders "on their toes".
ANZ New Zealand chief executive David Hisco has enjoyed a solid pay rise, with his total remuneration lifting almost 15 per cent to $4.7 million.
Westpac NZ's record annual cash profit of $864m confirms a bumper year for the big banks. In fact, at $4.1b, that's almost $1000 for every man, woman and child in NZ.
ANZ New Zealand boosted annual earnings 17 per cent as the local unit of Australia & New Zealand Banking Group benefited from home loan lending growth and bedded down savings from the integration of the National Bank brand.
Workers at numerous ANZ branches around the country will resume strike action against the bank today at various times, including in nine branches around Auckland.
ANZ Bank union members will be walking off the job tomorrow, after a vote earlier this week to take strike action.
ANZ workers have announced a national strike over new employment agreements being offered to staff.
Almost a quarter of New Zealand executives think top-level managers' pay packets are out of kilter with reality, a survey suggests.
World prices for a basket of New Zealand's export commodities fell 1.3 per cent last month, with dairy products once more leading the decline.
Business confidence continued to slide last month, to its lowest levels since June 2012 in ANZ's Business Outlook survey.
ANZ staff in New Zealand are considering a national strike over the bank's attempts "casualise" its workforce, a union says.
Australia & New Zealand Banking Group says its New Zealand unit grabbed market share of home and commercial lending in the latest quarter as an improving economy stoked credit growth.
ANZ's Truckometer recorded an increase in heavy traffic on roads last month.
Westpac New Zealand says it is gearing up to release a world first banking app that will allow customers to view their account details in 3D.
ANZ's commodity price index fell 2.4 per cent last month, led by a decline in dairy products and logs which make up more than half the trade-weighted basket.
KiwiSaver members should pay close attention to how much their providers are charging, a global research firm has warned.
Wheelchair users who can't get into a new bank branch in downtown Auckland say its inaccessible design makes New Zealand look like a "Third World" country.
House prices are up, home ownership is down. We all know the story, but what's really going on in real estate?
Consumer confidence has held up at historically high levels in this month's ANZ Roy Morgan survey.