Latest from Banking

Late Xmas transactions put Westpac customers in debt

Scores of Westpac customers are facing a financial shock after pre-Christmas MasterCard purchases were not correctly processed.

Against the odds, they managed to buy a first home. Can they hang on?

They laid their dreams of home ownership bare. Eighteen months on, how have they fared?

US inflation has not ‘turned the corner yet’, top IMF official warns

Financial Times: "Sticky components of inflation" show more work may be needed.

What’s stopping tiny houses from helping solve housing crisis?

Three major complications appear when people try to make their dream a reality.

How to cope with rising mortgage rates

The experts offer their tips for those heading towards a re-fix.

Six money questions for 2023

A look at the big financial issues coming up with the Craigs Investment director.

Dubious weight loss schemes could gobble up gullible punters' money

If you're resolving to lose weight, watch out for diet scammers, bank warns.

Challenging year ahead, says Westpac NZ CEO Catherine McGrath

Westpac NZ CEO says high cost of living and high interest rates will keep pressure on.

Govt didn't really need to underwrite business loans in 2020/21

Treasury-commissioned report card of Business Finance Guarantee Scheme published.

Non-bank profits rise 57 per cent

KPMG report reveals how sector is coping.

Warning of Christmas spike targeting online shoppers

Nearly $8m was lost to scammers in the last three months alone.

Banking Ombudsman begins probe into Westpac case after pensioner targeted by thieves

Ray Johnson wants an apology and compensation for stress and anxiety.

Westpac to water down card reward schemes

Users will have to spend more to get airpoints.

Second major bank hikes mortgage rates

Westpac follows on the back of ANZ, but by how much?

Bank warns fight to stem inflation will spark global recession

One of the world’s biggest banks has heralded disaster for 2023.

BNZ and Māori sustainable agribusiness include social and cultural targets

BNZ inks a deal to the benefit of rangatahi Māori

ANZ increases home loan rates - first major bank to hike after OCR rise

The move comes in the wake of last week's official cash rate hike.

Financial abuse must become a crime, anti-violence campaigners say

Horror abuse cases: Banks encourage victims to come forward.