Latest from Banking

Housing market: Banks rush to put brakes on investors

All four major banks now have investor lending restrictions back to pre-Covid levels.

Kerre McIvor: Bank branch closures leave some people behind

OPINION: Banks say the changes are about convenience. Really, it's about them.

Focus Live: BNZ closing 38 branches across NZ

BNZ plans to close eight of its branches on Christmas Eve and a further 30 before the middle of next year. Video / Will Trafford

Broken promise: BNZ to close 38 branches

BNZ says growing demand for its digital services means it will close branches.

Which Kiwi bank boss earned the most?

All the bank bosses took a pay cut but one still earned a lot more than the others.

What the boss of NZ's largest bank was paid

The pay package of ANZ New Zealand chief executive Antonia Watson has been revealed.

RBNZ expected to encourage more lending to business, economists predict

No change is expected to be made to the official cash rate.

Housing boom: Renters will feel the pain too, BNZ boss warns

BNZ chief executive Angela Mentis says she remains optimistic.

ASB to close 23 branches

Bank say Covid-19 has accelerated the trend towards self-service banking.

Another major bank to ditch cheques

Westpac says cheques now make up less than 1 per cent of payments.

ANZ chair Sir John Key, bankers fear Reserve Bank stimulation creating asset bubbles

The bosses of the big four banks talk about the big challenges ahead.

Banks need stronger cyber security - RBNZ

The Reserve Bank is taking steps to ensure banks improve their cyber security.

Foreign currency exchange dives but major banks stick with it

ANZ will follow Kiwibank in quitting buying and selling foreign currency.

Mortgage wars: Stunning 1.99% record low rate - how will other banks respond?

Heartland Bank has broken the record for NZ's lowest home loan rate in history.

Bank tightens contactless payment fraud tracking

Bank contacted customer before they even knew they had lost card.

Pandemic has accelerated change

David MacLean says the Covid downturn is something the industry has to live with.

Regulator calls out concerning behaviour in financial services firms

Weaknesses were found in governance, conduct and culture and compliance controls.

Westpac hit with A$1.3 billion fine for Austrac scandal

The fine relates to 23 million financial law breaches.