Latest from ASB Bank Limited
From top to bottom: Gisborne slumps to last on economic scoreboard, locals still optimistic
Residents say there is more to the story than Gisborne's economic ranking suggests.
What to expect from today's GDP data?
Economists expect the recovery continued during the first quarter of the year.
Another major bank cuts mortgage and deposit rates in NZ
But it isn't matching other banks which are offering 4.89% over 18 months.
Paved paradise? Top Auckland school builds staff car park on $150m gifted farmland
The ASB MAGS Farm is protected by a covenant requiring it be used to teach farming.
Fake police 'courier' defrauded 19 elderly victims
The scammer was caught in the act by police when he showed up to collect $170,000 of gold.
Tech Insider: Wellington man gets shock $16k bill after using a Google AI-ready tool
PLUS: Some good news for fintechs in the open banking war.
Craft beer firesale: ASB recovers funds, but other creditors face $1.4m loss
Deep Creek liquidators investigate debtor balances amid big shortfall for creditors.
How first-home buyers are moving ahead in a challenging market
Many buyers are getting into their first homes with much smaller deposits.
Budget to reveal high watermark for $132b government debt
Economists expect Thursday's Budget to mark peak government debt levels.
‘Dagger through my heart’: JP linked to $1.8m scam unmasked after failed secrecy bid
Suren Sharma allegedly helped criminals steal $1.8m from 12 investment scam victims.
Kiwi startup lands TikTok as a client
Founder realises he has a blind spot - then corrects it.
US investment market undergoes a re-rating
The US won’t be the only investment destination in town as it has been.
‘Rip-off’: App developer and Consumer say fees will stifle open banking
Government, banks respond.
NZ banks face repaying $9.2b in cheap Covid loans in coming months
The money was borrowed during Covid times at a very low interest rate.
Unemployment remains unchanged at 5.1%
The labour market remains subdued despite better-than-expected result.
ASB and POLi strike deal - is the Govt's competition push working?
Deal marks a step towards open banking gaining scale.
Investor's market manipulation a ‘warning for online share brokerage accounts’
Experienced investor fined nearly $200,000 for 10 days of mischief.
'We are here to help': ASB offers relief measures for weather-hit customers
Bank says it will pause home loan repayments for up to three months.
Is there method to Govt's madness, helping ANZ and ASB in court?
Lawyer supports law change to avoid "draconian consequences" for lenders.
Markets with Madison: Kiwibank’s future
The state-owned bank is raising $500m in a bid to beat big Australian-owned banks. Is a capital injection enough to make it competitive?
Banks to reimburse fraud victims up to $500,000 under new rules
New tech will identify risky transactions and freeze suspect accounts.
BNZ fixed loan rate falls to 4.95% as major banks trim mortgage rates
Special rates are being offered under 5% after the OCR dropped 25 basis points.
Nadine Higgins: Deposit rates tumbling – where do I put my savings now?
OPINION: Term deposit rates have fallen from 6% last year to about 4.3% now.
Law change could quash 150,000-person strong class action against ANZ and ASB
Bank customers could miss out on hundreds of millions in compensation.
Architectural designer admits money laundering, seeks discharge and permanent suppression
The designer helped scammers steal $235,000 from two investors.
Billions sitting idle: Should banks be more proactive to help us earn interest?
A closer look at which banks prompt customers to get more bang for this buck.
‘Scammers don’t sleep’: FMA under fire for delayed scam alert after retiree loses $1m
The FMA took 47 days to issue a scam warning, during which a retiree lost $1m.