Latest from Banking

Bank cuts fixed-term mortgage rate with now-lowest 18-month deal

It comes a week and a half after the Reserve Bank cut the OCR down to 2.5%.

Fintechs cheer open banking breakthrough - but key move still hangs in the balance

A good start, but less than halfway there.

World’s banking system risks a $4.5t shock from the shadows

Traders fear problems in America’s private credit market could spread to Europe.

Listen: 'Their problem, not my problem' - Remuera financier denies money laundering in $800k scam

Recorded phone calls were played in court during which the 63yo denied criminal activity.

Kiwis losing big on hidden ATM fees while travelling abroad

ATM surcharges peaked in Vietnam at an average of 27.1%.

Builder appointed to 32-level $201m Auckland CBD student tower

This week's $310m equity raise to repay bank debt and fund the construction of tower.

Generate Wealth Weekly: When cash is no longer King

Savers may be rethinking term deposits as rate cuts reshape returns.

Reserve Bank to ease mortgage lending restrictions

Finance Minister Nicola Willis says the move will help first-home buyers.

Hobson Green rising

Housing estate built at Hobsonville, Auckland in 2021. Video posted to Facebook by surveying, architecture, design, structural engineering, & project management firm Hampton Jones