Global ratings agency S&P says New Zealand's rapidly rising house prices are cranking up economic risks.

Three towns will be left with no bank branches if Westpac goes ahead with a raft of planned closures.

A lawyer says foreigners buy 29 per cent of New Zealand properties, not 3 per cent as reported in official state data.

After revelations that some major KiwiSaver funds are invested in controversial companies one director is calling for an ethics review.

The woman accidentally rammed into the glass door on her mobility scooter, leaving the door shattered and her shaken.

The number of home loans and amount being borrowed has dipped ahead of further lending restrictions, but one mortgage broker says

Some customers of the BNZ have received incorrect messages from the bank telling them their accounts are thousands of dollars in the red.

A 2016 rate hike from the Fed is still under consideration, as the U.S. economy is close to meeting the central bank's goals.

HSBC has slashed its two year fixed home loan rate to a 50 year record low 3.79 per cent

The Reserve Bank has delayed the start of changes to investor loan-to-value restrictions (LVRs) nationwide from 1 September to 1 October

Kiwis are opening their wallets with retail spending up for the June quarter, rising at the fastest pace in close to a decade.

The BNZ has followed in the footsteps of its Australian-owned rivals shaving a tiny fraction off its floating mortgage rate and boosting

A union spokesman said up to 19 branches could close, putting up to 100 jobs at risk.

Kiwibank is cutting 0.20 percentage points off its floating rate mortgages, while ANZ, ASB and Westpac will shave a smaller amount.

Westpac has now joined ANZ bank and cut mortgage rates after the Reserve Bank dropped the OCR this morning.

ASB bank is forecasting a leap in its funding costs over the next year as international turmoil continues to weigh on wholesale money

COMMENT: As the world tunes into Rio Olympics, politicians in Canberra have turned their attention to another favourite sport of Australians: bank bashing.

COMMENT: Normally the banks would just pass on the Cash Rate cut to mortgage borrowers and term-deposit savers, but this time is likely to be different.

Overseas residents bought 1749 out of the 57,678 homes sold in New Zealand between April and June, newly-released data shows.

The dairy giant has stuck with its farmgate milkprice of $4.25.

ASB Bank is punting on Fonterra leaving its 2016/7 farmgate milk price forecast unchanged at $4.25 a kg of milk solids.

Economists say the drop was largely seasonal, as construction remained positive.

Shayne Elliott has ended the era of executive perks at the bank, the AFR says.

The spirit of time spent on the rugby field permeates Martin Gaskell's career.

The legal status of New Zealanders in Australia faces a test after Perth-based Kiwis Charles and Judith Cairns were granted leave

Australia's High Court has dismissed an appeal in a class action suit against fees charged by ANZ Bank.

NZ's banks have shrugged off global market turmoil and depressed dairy sector to make a net profit of $1.2 billion in the first three months of this year.

WATCH: Liam Dann talks to economist Christina Leung and fund manager Matthew Goodson about lending restrictions.

A senior HSBC executive has been released on $1 million bail after being charged with fraud.

A Father's own words may send his son to prison.