Latest from ASB Bank Limited

Second major bank hikes mortgage rates, 5-year term suffers biggest jump

The increases are effective immediately, the bank says.

'Anyone else get some $$?': Surprise ASB payments as almost 200,000 begin receiving settlement payout

Customers to receive payments relating to loan changes made over a four-year period.

Major bank hikes mortgage rates across one to five-year terms

The bank is lifting rates after wholesale costs jumped in recent weeks.

Architectural designer who laundered $235k fraud proceeds can finally be named

Chamroeun Kor used his CK International Holdings account to move almost $170,000 offshore.

Brain drain continues to ease as fewer Kiwis depart

There is growing evidence the migration cycle is on the up, ASB economist says.

ASB fined $2.1million for misleading more than 25,000 customers

ASB has already doled out approximately $4.7million in remediation to affected customers.

Big-name creditors line up in scramble over failed builder Teak Construction

Businesses on the Personal Property Securities Register could be first in line for money.

Record portion of new lending goes to first-home buyers with small deposits

More than half of January's $1.1b first-home loans went to sub-20% deposits.

'Highly sophisticated' fraudsters posing as bank staff in cold calls to customers

The scammers are described as persistent and credible.