Latest from Bank of New Zealand

BNZ CEO admits denying sex toy brand an account was wrong call
'We didn’t get it right and we need to fix it.'

'Prohibited': Kiwi sex toy company denied BNZ business account
'I would argue that gambling does more harm to society than selling vibrators.'

'I bleed orange but this is awful': Mitre 10 selling properties to repay debt
'Sale of several non-strategic property assets [to] re-cycle capital, reduce debt.'

NZ Herald Live: Christopher Luxon and Nicola Willis speak on OCR news
Christopher Luxon and Nicola Willis speak to media on the OCR news

28-level Auckland office tower half-empty: Why?
'Wouldn’t say it is a ghost tower: it's poised to take advantage of improving conditions.'

Premium NZ golf brand retailer in liquidation after two years
A tough year for retailers as another company goes into liquidation.

Two major banks make big cuts to home loan rates
More relief for mortgage-holding homeowners.

BNZ online services back running after second outage in two days
More than 350 people have reported issues with BNZ's services on the website Downdetector.

BNZ Mobile app, online banking running again: Thousands of customers report error
More than 600 people reported an issue with their BNZ app on the Downdetector website.

ELE collapse: Deloitte repaying staff $4.1m owed, BNZ gets full amount
Receivers have collected about 85% of the total amount owed by debtors.

BNZ trims mortgage rates again
The bank is making further cuts to its home loan rates.

Global IT outage a cashless wake-up call? Reserve Bank says keep physical cash for emergencies
Last Friday's CrowdStrike failure saw many unable to buy necessities as computers crashed.

Mortgage wars: Major NZ bank undercuts rivals by lowering home loan rates again
The bank has cut its home loan rates for the second time in three weeks.

More home loan rate cuts – if you can get them
Rate relief may take time to filter through to households.

Lending limits: How they could impact banks' mortgage books
New restrictions could mean banks won't have a mortgage boom if interest rates drop.

Build Partners collapse: Who wants $12.7m from construction company?
The amount is far worse than the approximately $5m initially thought to be owed.

Arrest warrant, border alert issued for accused money launderer after court no-show
The man is accused of laundering nearly $250k in stolen money from two scam victims.

Is NZ still in recession? Economic growth data revealed this week
Did the economy grow or shrink in the March quarter? And does it really matter?

Opinion: Why fixed income investments are back in favour
Opinion: How could higher yields cushion you against capital losses from more rate rises?

Māori economy: BNZ survey reveals challenges and optimism
Māori Business Sentiment Survey highlights strong economic challenges.

ANZ, BNZ bosses in no hurry to follow Reserve Bank’s advice on insurability of property
The Reserve Bank believes more risk-based pricing could improve financial stability.