Latest from Banking

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.

Kiwibank to pay out $5.2m to 48,000 Kiwis after 'system failure'

Bank reaches settlement agreement with the Commerce Commission.

$4000 cashback: Is it worth breaking your mortgage?

Bank sweeteners also come with a catch.

Bank profits fall 13 per cent, provisioning rises to $2.5 billion as worst yet to come

KPMG's quarterly report shows bank profits have dropped again.

Kiwibank boss on why confidence is its biggest headwind

Bank forecasts a tough period ahead.

Kiwibank profit down 47pc to $57 million

Kiwibank has released its full year result.

Bonus Bonds: The life-changing win that won't happen any more

All her life she wanted to feel that thrill again. Now she won't get the chance.

Regulator to keep close watch on Bonus Bonds wind-up

There are 1.3 million Kiwis with about $3.25b invested in Bonus Bonds.

Bloomfield blames advice for blocking bank bid

Health boss says no one told him banks had been allowed to operate in earlier lockdown.

Bank botch-up: PM's office intervenes after Health Ministry closed branches

Ministry had about face over bank branches after Prime Minister's office gets involved.

Major banks shut Auckland branches for level 3

BNZ previously had nine branches open with limited hours.

ASB boss' big pay packet cut

Vittoria Shortt's pay package takes half-a-million-dollar hit.