Latest from Banking

Mortgage battle continues as Kiwibank cuts home loan rates

Banks are following the market's biggest lender, ANZ, as it cuts rates.

ANZ staff embrace te reo Māori: Over 1200 participate in language courses

ANZ Bank's te reo Māori strategy is telling

Metro Performance Glass gets a lifeline

Australian company Cowes Bay Group will become Metro Glass' main lender.

First Kmart, now $235m new funds for Mark Gunton's Westgate

Consortium money will allow the further expansion of Auckland's Westgate.

Seymour gazumps Bayly, scrapping 'buy now, pay later' fee rules

BNPL provider Afterpay assures it won't hike fees.

Construction sector suspected suicides: 80 died last year, highest on record

Data from Coronial Services dating back to 2007 shows record 2023 suicide numbers.

Westpac Australia names its next CEO

Peter King is retiring after a 30-year career with Westpac - five as chief executive.

Markets with Madison: Financial stability

Economic pain has forced the Reserve Bank to cut interest rates and introduce new lending regulations. How worried is the Deputy Governor about our financial system?

Australia’s top banker defends lifting bonus caps

Financial Times: CEO says competition in mortgage market trumps regulators’ concerns.

Westpac cuts home loan rates as highly competitive market continues

Westpac now has the lowest advertised two-year rate among the five major banks.

Bank-switching among mortgage holders hits record high

The Commerce Commission believes banks could still make it cheaper for customers to leave.

KiwiSaver fund that has returned nearly 400%

KiwiSaver has seen remarkable growth this year, particularly in more aggressive funds.

Watchdog launches probe after Westpac customer loses $323k in scam, bank CEO 'sorry' for huge loss

Westpac's CEO is confident it had acted appropriately and 'exercised our duty of care'.

TSB fined $2.47m for charging ‘unreasonable’ fees

The Commerce Commission took legal action after TSB self-reported the issue.

Cambodian baker migrants fail to get order to stop BNZ selling Auckland home

BNZ became concerned that it made the loan based on false information presented to it.

ANZ customers experiencing difficulties with card transactions

The issue is only impacting online and fuel purchases.