Latest from Banking

ASB appoints new chief to replace Pink

Bailed out RBS pays top staff $2.2m each

ANZ's new 15 year lease quashes speculation

Speculation that a major bank would shift into a new 26-level high-rise office tower in Auckland has been dashed.

Credit card late fees for Christchurch residents cause concern

Eftpos shutdown for 400 businesses

BNZ may lose $1m on mansion

Jail for bank boss who stole $200k from accounts

Former bank manager Vanessa Adams' family and friends sobbed openly in court as she was sent to prison for stealing more than $200,000 from customers' accounts.

Runaway millionaire to fight charges

One of the accidental millionaires, Kara Hurring, has appeared in court and will fight eight charges of money laundering and one charge of theft of $6,782,000 from Westpac Bank in 2009.

Bank well positioned as profit rises

Diana Clement: Banks the winners whichever way you go

ANZ says shift to single IT platform and restructure to cost $220m

ANZ New Zealand says its plans to put the ANZ and National Banks onto one IT platform and restructure management by laying off 45 staff and establishing a new structure will cost it a total of $220m.

Lending up at state-owned bank

Christchurch earthquake: S&P continues to calculate insurance losses

Credit rating companies say there is no immediate need to change the credit ratings of insurers because of the Christchurch earthquake but Moody's Investors Service said ratings pressure may develop over time on the banking sector.

Kiwibank profits slump 41pc

Kiwibank says half year profits fell 41 per cent as bad debt provisions more than doubled.

Tourism Holdings resolves banking covenants issue

Tourism Holdings says it has resolved a banking covenants breach issue with its banks.

Nuplex paying $3m to shareholders over disclosure breach

Nuplex Industries will pay $3m to shareholders as part of a settlement with the Securities Commission after failing to disclose it breached a debt covenant in 2008.