New ZealandBank cuts fixed-term mortgage rate with now-lowest 18-month dealIt comes a week and a half after the Reserve Bank cut the OCR down to 2.5%. 20 Oct 05:29 AM
BusinessControversial law change will no longer benefit ANZ in class actionGovernment strikes middle ground, as it retrospectively changes the CCCFA.19 Oct 09:00 PM
PremiumPremiumBusinessFintechs cheer open banking breakthrough - but key move still hangs in the balanceA good start, but less than halfway there.19 Oct 06:00 PM
PremiumPremiumInflationBad news for the Reserve Bank as inflation tipped to top 3%Stats CPI data key for next interest rate call.19 Oct 04:00 PM
PremiumPremiumAucklandListen: 'Their problem, not my problem' - Remuera financier denies money laundering in $800k scamRecorded phone calls were played in court during which the 63yo denied criminal activity.17 Oct 04:00 PM
New ZealandTwo more banks drop home loan rates after OCR cutKiwibank and BNZ have followed moves by other retail banks yesterday.08 Oct 09:59 PM
PremiumPremiumBusinessSmiths City owes IRD over $1m as outlook for creditors appears bleakLiquidators have given reasons for what went wrong at the century-old retailer.08 Oct 09:46 PM
BusinessBanks rush to cut mortgage rates after big OCR dropIt follows a string of pre-emptive cuts by banks to fixed-term rates last week.08 Oct 03:47 AM
PremiumPremiumBanking and financeBanks and Armourguard clash over future of NZ cash servicesBanks want Commerce Commission approval to jointly renegotiate terms.07 Oct 08:00 PM
BusinessASB reaches $135.6m settlement in class action dispute, ANZ fights onThe settlement concludes four years of court action against ASB.06 Oct 08:48 PM
BusinessBNZ cuts mortgage rates to match rivals ahead of OCR announcement All major banks have been cutting their home loan rates ahead of tomorrow's OCR decision.06 Oct 08:44 PM
PremiumPremiumBusinessMortgage wars: Why we could soon see a sub 4% rate Since January there has been a spike in people drawing down short-term loans.06 Oct 04:00 PM
New ZealandTwo more banks drop fixed mortgage rates to 4.49% ahead of OCR moveWestpac and ASB join ANZ and BNZ in cutting their one-year rates. 03 Oct 01:43 AM
PremiumPremiumRetailLiquidator seeks buyer for failed Auckland food business, with 35 jobs on the lineGourmet pies, cakes and savouries made by companies hit by a combination of events. 28 Sep 08:27 PM
New Zealand'Heartless swine': Auckland JP and accountant admits role in $1.8m fraudSharma said he never met the victims but had contracts to invest their money in Bitcoin.27 Sep 08:00 PM
New ZealandMan tries to 'punish' ASB bank with a $5m claim for its allegedly 'deceitful' actionsBut the court said his claim was trivial, frivolous and an improper use of its time.26 Sep 07:00 AM
BusinessTech Insider: Rod Drury backs Volley - a Kiwi ‘Venmo’, Huljiches invest in martech startup, Rocket Lab’s hiring spreeBrittany Fox said she has created a live tool to 'fix AI’s chaos-induced blind spot'.24 Sep 05:00 PM
EconomyBank offers $4000 to help with renovations as borrower faces forced sale Nearly 40% of the 5882 cases received last year by the banking ombudsman involved scams.24 Sep 07:01 AM
PremiumPremiumGDPRate cut looms: Markets predict 40% chance of big drop in OCR in OctoberThe interest rate markets are raising the odds of a 50-basis-point rate cut next month. 19 Sep 05:06 AM
New Zealand'Got my full backing': PM Luxon defends Nicola Willis after GDP declineGDP shrank 0.9% in the June quarter, more than double the forecast drop.18 Sep 10:06 PM
PremiumPremiumOfficial Cash RateBehind the eight ball: Banks call for sharper Reserve Bank cutsPressure is mounting on the Reserve Bank to cut rates sooner after poor GDP data.18 Sep 05:08 AM
PremiumPremiumBusinessOutlook grim for Kitchen Things creditors owed $16.6m, company on brink of liquidationMore than 390 creditors are wanting money from Kitchen Things and its related entities.18 Sep 04:08 AM
PremiumPremiumAucklandBanking watchdog releases ruling after ANZ staff helped customer send $250k to scammersThe victim claimed ANZ was negligent.15 Sep 09:00 PM
BusinessWellington slumps to bottom of economic scorecardBay of Plenty, Southland, Central Lakes District top ASB's list. 14 Sep 11:50 PM
New ZealandWhy were house price forecasts for this year so wrong?Westpac’s Kelly Eckhold has slashed his 2025 forecast to just 0.6% growth.11 Sep 10:56 PM
PremiumPremiumNew ZealandHow architectural designer helped launder $235k and why his identity is still secretHe argued his business and reputation would be ruined if he lost suppression.29 Aug 04:03 AM
BusinessMajor bank lowers fixed lending rates to match other lenders after OCR cutThe bank has cut all its fixed rates.28 Aug 08:29 PM
PremiumPremiumBusiness'Bank did not flag this': Kitchen Things customer paid $5500 deposit despite its receivershipCustomers have vented their frustration over not receiving paid-for-goods. 25 Aug 09:00 PM
BusinessKiwi premium kitchen appliance company tipped into receivershipEstablished in 1986, the company has closed 12 stores across NZ. 19 Aug 10:20 PM
BusinessLast major bank cuts mortgage rates - about 90% will be sub-6% by ChristmasAll five major banks have cut their interest rates this week.14 Aug 08:56 PM
PremiumPremiumBanking and financeASB profit growth stalls as it hires more people, puts millions aside for breachesThe bank reports an annual profit of $1.45 billion.13 Aug 03:02 AM
New ZealandA couple bought a house in a holiday hotspot. The woman living there refused to leaveThe woman said she was trying to negotiate with the bank and didn't consent to the sale.03 Aug 01:51 AM
PremiumPremiumBusinessLiquidator seeks answers from Auckland cafe owner amid $639k tax billThe liquidator says the owner is not responding to attempts to contact her.01 Aug 02:08 AM
Crime'Insidious offending': Uni student behind NZ's first 'SMS blaster' attackNearby phones were 'effectively hijacked' by the device, which operated out of his car.27 Jul 04:44 AM