Latest from Banking

Kiwibank plans to close seven branches

Kiwibank made the announcement while releasing an improved half year result.

NZ bank profits fell 28 per cent in 2020, to $4 billion

Impaired asset expenses rose sharply across the banks.

Heartland lifts first-half profit by 10.6%

Full year guidance expected at upper end of range.

ASB backs down on lending clamp-down for new builds

The bank will now lend to investors wanting to do new builds who have low equity.

Major bank clamps down on new-build lending to investors

Banks are also taking a divergent approach on pre-approvals.

Three major banks shut branches across Auckland

Which banks have branches open in Auckland under alert level 3?

Billionaire 'art-smuggler' refused NZ entry yet his yacht is here

Banker Jaime Botin tried to join yacht in Auckland on which he earlier smuggled a Picasso.

ANZ credit card insurance breaches go back decades - court told

"It took time to chase rabbits down holes and identify what had gone wrong."

ASB half year profit down 1pc to $614 million

ASB has released its half year result.

Rising tide: How will climate change hit NZ property values?

NZ coastal homes are likely to be hit by climate impacts. But to what extent and how soon?

ASB boss on how Kiwis can get ahead in 2021

ASB boss Vittoria Shortt says people should be mindful of an unforeseen downside to 2021.

What will banking look like in 2021?

Cheques are set to disappear in 2021 and branch numbers are falling.

Leading questions: ANZ's Antonia Watson's advice for the Government

ANZ NZ bank boss Antonia Watson makes some predictions for 2021.

NZ's largest bank ups ante for property investors: 40% deposit now needed

The bank has immediately increased its deposit requirements.

Documents reveal 600 staff at HSBC, Standard Chartered are Chinese Communist Party members

The disclosures raise major questions about the independence of major institutions.

Govt making steps to reduce fees for contactless payment

New Zealand retailers are forced to pay nearly twice as much as Australian counterparts.

The Kiwi businesses that can't open bank accounts

A finance company has been turned down by 11 registered banks in NZ.

The move that could make house prices drop 1-2 per cent

The Reserve Bank is proposing to bring back loan to value ratios by March 1.