Latest from Banking

Ouch! Karaka land deal drew $10k/day penalty interest rate

To quickly get the $13m it needed to settle the deal, Mega went hunting for finance.

‘Money-go-round’ lawyer fails to attend hearing on $150k

Lawyer accused of using his client’s money as his own “personal credit facility”.

Consumers still wary about the economy - ANZ

ANZ-Roy Morgan's consumer confidence index is still "extremely low" this month.

Banks tentative about teaming up with Govt to invest in SMEs

Business Growth Fund a step closer to being set up, but banks are yet to commit.

Will Apple take a big bite out of the banks?

Tech giant’s ventures into financial services signal greater ambitions to take on Wall St.

Young Aussie woman charged with stealing from elderly blind man at ATM

The woman approached him and offered to help withdraw his funds.

Depositors pull nearly $100 billion from three US banks

Financial Times: Deposit flight turbocharged by Silicon Valley Bank collapse.

Kiwi start-up says open banking could help fight scams

Open banking backer says technology could help with scam-proofing Kiwis.

Credit Suisse violates US deal on rich clients’ tax evasion

Embattled bank failed to report offshore accounts Americans used to avoid paying taxes.

Establishing scheme to insure deposits taking a little longer than expected

Grant Robertson committed to having deposit insurance scheme set up in 2024.

Red Cross donating $1 million to Wairoa community

Generous Kiwis have so far donated more than $18 million to the fund.

New stylish uniforms for Kiwibank

Frontline staff get new uniform to champion individuality at Kiwibank

Quarter of mortgaged properties in Auckland vulnerable to flooding

The Reserve Bank concludes NZ banks are resilient to isolated climate events.

Luke Ryan: Legal practices don’t have the processes and facilities to secure digital assets

Two Māori entrepreneurs could hold the key to the cryptocurrency padlock.

Cooking the Books: Why higher interest rates are causing banks to collapse

A banking expert shares how likely a bank collapse is for New Zealand.

Revealed: Finance Minister sought advice on a bank 'tax'

Why the RBNZ doesn't want anything to do with an effective bank tax.