Latest from Banking

Nearly 500k people behind on loan payments, mortgage arrears hit eight-year high

The OCR has fallen 200 basis points since August, but home owners are still struggling.

AI could make crashes worse, amplify herd behaviour: Reserve Bank

One expert says the report doesn't go far enough, another says it overplays the risks.

Sasha Borissenko: Banking on blame - scam reforms too little, too late

OPINION: NZ's scam prevention lags behind global standards - here's why.

Diana Clement: Simple steps to cut banking costs and save big

OPINION: Banks earn billions while Kiwis pay avoidable fees and interest.

Pensioner who lost $158k gets bank refund after woman's 'spending spree'

Andrew Che Sit Bong, 78, lost his savings due to a single-digit mistake.

Adrian Orr surfaces for farewell party with Reserve Bank staff

The party and gift combined cost more than $6000.

'We are here to help': ASB offers relief measures for weather-hit customers

Bank says it will pause home loan repayments for up to three months.

Is there method to Govt's madness, helping ANZ and ASB in court?

Lawyer supports law change to avoid "draconian consequences" for lenders.

On The Up: Atomic set to blast into Australia, UK, fuelled by Rod Drury

Start-up has already signed up big names in NZ - and is now looking to the UK.

Markets with Madison: Kiwibank’s future

The state-owned bank is raising $500m in a bid to beat big Australian-owned banks. Is a capital injection enough to make it competitive?

Better compensation for scam victims from banks

Banks are putting in better compensation for scam victims.

Banks to reimburse fraud victims up to $500,000 under new rules

New tech will identify risky transactions and freeze suspect accounts.

'Political interference': Concerns over RBNZ's capital rules review

Conflict zone: NZ's independent central bank and the Finance Minister's agenda.

'Overstaffed': Two Reserve Bank assistant governors quit amid restructure

Departures following Adrian Orr's shock resignation as governor.

ASB Securities impersonated, scammers suspected of exploiting volatile economy

The fake share traders invite people to connect over WhatsApp, bank says.

BNZ fixed loan rate falls to 4.95% as major banks trim mortgage rates

Special rates are being offered under 5% after the OCR dropped 25 basis points.