Latest from Banking

Is there method to Govt's madness, helping ANZ and ASB in court?

Lawyer supports law change to avoid "draconian consequences" for lenders.

Westpac apologises after online banking goes down, leaving customers frustrated

Some say the glitch has meant they can't pay their bills or transfer money for petrol.

Reserve Bank may need to make deeper OCR cuts - ASB

An ASB economist says the RBNZ may have to cut its benchmark cash rate even further.

Woman who received $158k in bank transfer error could face charge, jail time: expert

The money was allegedly used for cars and sent to a boyfriend and a relative.

The offspring: How heirs to Kiwi family fortunes earn their keep

Meet the heirs of New Zealand's wealthiest families.

Seymour sides with banks after 'disappointing' advice from Regulation Ministry

The ministry said banking rules were not out of line – Seymour and the banks disagreed.

Small Business: How Otto is gamifying savings to encourage financial habits

Tomas van Ammers talks to Tom Raynel about his saving start-up, Otto.

'Outside their appetite': Kiwi sex toy company's battle to find an insurer

Girls Get Off rebuffed by 23 insurers over the nature of its business.

BNZ fixed loan rate falls to 4.95% as major banks trim mortgage rates

Special rates are being offered under 5% after the OCR dropped 25 basis points.

Former high-flying property developer ditches private jets as market turns down

Matthew Horncastle of Williams Corporation says he is now 'pretty boring'.

Nadine Higgins: Deposit rates tumbling – where do I put my savings now?

OPINION: Term deposit rates have fallen from 6% last year to about 4.3% now.

Treasury keen on crisis time OCR cuts, not spending and money printing

The agency still can't pinpoint the benefits of the Covid-era $55 billion LSAP programme.

Lower interest rates to do heavy lifting reviving the economy - Jenée Tibshraeny

Monetary policy is poised to do much of the heavy lifting spurring economic growth.

US Treasury bonds are being sold off. Here’s why it’s concerning

A new, unsettling red flag.

Wattle Park developer liquidated: Kiwibank owed $3.6m, Inland Revenue $1.09m

Project completed in January 2022 but developer blames Covid and the downturn for debts.

Law change could quash 150,000-person strong class action against ANZ and ASB

Bank customers could miss out on hundreds of millions in compensation.