Latest from Banking

Class action against ASB, ANZ could have 100,000 customers

The multimillion-dollar claim was filed in the Auckland High Court in 2021.

Editorial: Boosting Kiwibank a no-brainer but finding right investors key

OPINION: Outside investors in Kiwibank will need to have the right priorities.

Kiwibank CEO open to foreign investment; says bank might need more capital soon

The bank might need more capital in a few years' time if it keeps growing quickly.

‘Decade-long affair’ sparks legal battle at 160-year-old bank

Lender alleges former executive helped colleague secure large pay rises and promotions.

ASB cuts fixed mortgage rates

Bank moves a week after the Reserve Bank cut the official cash rate.

ComCom vs RBNZ: How will Willis divvy up the cost of insuring your savings?

Will she favour the approach of the Reserve Bank or the Commerce Commission?

Letters: Tuku Morgan blaming the wrong people for tense race relations

OPINION: Also in today's letters – the PM's shaky Aussie trip; how to tackle boy racers.

Political Roundup: The Big Four banks' oligopoly saved from radical reform

OPINION: 'Every day Kiwis are ripped off by the Big Banks.'

NZ stocks celebrate OCR cut with 2% gain

The market has given its verdict on the Reserve Bank's cut in the Official Cash Rate.

'Darkest before the dawn': Reserve Bank cuts OCR, banks slash rates

It's one of the most hotly anticipated interest rate calls this year.

Liam Dann: Rate cut signals victory in inflation war

Despite debate about grim May forecasts, the RBNZ looks to have landed in the right place.

‘Absolute tragedy’: Father died outside Parliament amid fight to save elderly mum’s waterfront home

A bank is forcing the sale after $40,000 mortgage arrears built up over three years.

ASB's profit comes off its peak, CEO’s pay package jumps

CEO Vittoria Shortt denies the bank's resilience is a reflection of risk aversion.

Scammer duped pensioners out of $337k in elaborate ruse involving 'covert' police sting, 'fake' currency

The scammer listened on the woman's phone 'from her pocket' when she visited the bank.

Would investors want to buy into Kiwibank if it had to stay NZ-owned?

Investors open to buying shares with conditions put on them — at the right price.

OCR explained: What can we expect, and what does the interest rate mean for you?

What exactly is the OCR and what are the experts predicting?