
BNZ follows ANZ, Westpac on foreigners
BNZ has joined ANZ Bank and Westpac's local unit in restricting mortgage lending for foreign property buyers.
BNZ has joined ANZ Bank and Westpac's local unit in restricting mortgage lending for foreign property buyers.
Two of our biggest banks will no longer lend to overseas-based buyers of New Zealand property.
TSB Bank, the Taranaki community-owned bank, more than doubled annual profit.
Pressure is coming on Govt to fix rules that are effectively stopping banks from helping foreign workers to send money home.
Heartland Bank has told investors it is monitoring the dairy sector "with close attention".
COMMENT: After money was stolen from through the SWIFT network, it is clear how easy it is for hackers to take advantage of customers online.
The Reserve Bank has softened the policies it's looking at imposing for banks that outsource some of their services.
A majority of Kiwis believe they are being over-charged by their bank for fees and other charges, a survey by Consumer New Zealand revealed.
About 80 per cent of residential subdivisions get some or all of their funding from one of the four main banks, one sector chief says.
Despite their use falling dramatically, problems with cheques have increased.
New lending restrictions to prevent people borrowing too much relative to their income are on the cards.
An online banking blip left some BNZ customers out of pocket and embarrassed this afternoon.
Wall St has figured out a way to squeeze some extra income from these stocks. And German taxpayers pay for it.
A 16 per cent drop in the Bank of New Zealand's net profit after tax was due mainly to lower gains on financial instruments, affected
The wind up of Bradley's B'on Financial Services has netted little return for Jacqui Bradley's 28 victims.
A banking "glitch" gave a student access to $4.98 million, part of which she spent on luxury handbags.
An ex-BNZ banker, who approved a loan for his own property development, has cut a deal with police over forfeiting $250,000 of frozen funds.
ANZ New Zealand posted a drop in half-year profit as expenses and bad debts rose, while margins were squeezed amid a fiercely competitive lending market.
Westpac aims to boost market share despite stressed proportion of agribusiness portfolio more than doubling.
The Banking Ombudsman is urging people to think carefully about setting up shared accounts.
Profits at Westpac Bank are up 3 per cent for the past half year.
The intense conflict of interest between bankers and the rest of society is captured well in a passage from "Traders, Guns and Money," a book written by former banker Satyajit Das, writes Anat Admati.
The Labour Party says says it has identified the Mossack Fonseca client who got approval to buy sensitive land in New Zealand.
Falling interest margins amid a fiercely competitive lending market contributed to a downturn in the New Zealand banking sector's profitability.
Westpac in Australia is stopping lending to foreign buyers of property.
ICBC (NZ) has lifted its loan book by 343 percent.
COMMENT: Australia's banks have taken a hammering on the stock market over the past month or so.
Did you know your money in a bank term deposit is not guaranteed by the Government?
COMMENT: NZ Super Fund's decision to try to buy a 25pc stake in Kiwibank from NZ Post should not be any surprise.
One of the journalists behind the massive Panama Papers leak criticises New Zealand's laws around foreign trusts.