Latest from Banking

ANZ proposing branch closures

ANZ bank, the country's largest bank, could be closing branches around New Zealand.

Competition for bank transfers heats up

One of Skype's founders has launched a global money transfer business - and it's set up shop in NZ.

Bank says sorry for anti-arts ad

Wells Fargo has been forced to apologise after infuriating the arts community by suggesting they should take up more serious careers.

ANZ to refund $28.8m to customers

ANZ has started to refund $28.8 million to more than 390,000 accounts after the bank failed to disclose when some fee payment fees would apply.

Tighter bank loans may throttle housing

Auckland property developers fear that a sudden tightening of bank lending may "throttle" new housing projects despite the city's desperate housing shortage.

ASB KiwiSaver exits dirty investments

ASB has joined Westpac and ANZ in confirming it will exit investments with exposure to manufacturers of cluster munitions, landmines and nuclear weapons.

Fed bans, fines former trader in FX probe

Christopher Ashton was accused of using electronic chat rooms to manipulate currency pricing benchmarks.

Brent Sheather: Putting clients' interests first?

COMMENT: Can the experience that a retail investor has with the finance sector reasonably be described as having their interests put first?

Kiwibank won't replace Westpac branches

Kiwibank says it won't be stepping in to fill the void left by Westpac's proposed branch closures. First Union says Westpac is planning

Home loans fall ahead of LVR rules

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

BNZ message mix-up worries customers

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

Rate hike tipped as US economy nears Fed goals

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.

Record low home loan rate released

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

Heartland Bank profits jump to $54.2m

Heartland Bank has boosted its profits by 12.5 per cent to $54.2 million and says it is still on the acquisition trail. The local

Where are interest rates going?

Higher fixed-term rates are not likely to deliver the funding boost that lenders are looking for, experts say.

Reserve Bank delays start of new rules

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

Retail spending rises at record pace

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

BNZ shaves floating home loan rate

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