
Drop in OCR to 2 per cent tipped for 2016
Economists at Westpac and ASB forecast a drop in the OCR to 2 per cent next year.
Economists at Westpac and ASB forecast a drop in the OCR to 2 per cent next year.
SBS Bank's offer of 3.99 per cent home loan will start a knock-on effect.
SBS Bank is undergoing a rebrand and is offering a home loan under 4 per cent.
International dairy prices are at a "particularly bad" part of the cycle, but are expected to improve substantially in the first half of next year.
Many lenders and advisers stop communicating with their clients as soon as the deal is done, says Ajay Kumar.
Police were called in over a mortgage deal for a property that a BNZ banker was involved with.
Gail Kelly collected nearly $12.8 million for her final four months work as Australian chief executive of Westpac.
The Reserve Bank's governor has apologised after wrongly attributing a panel design on the new $10 note.
Reserve Bank has asked the country's five biggest rural lenders to conduct a "stress test" of their exposure to dairy farm debt, and had encouraged them to set aside provisions .
New Zealand's banking system remains in good health, but heavily indebted dairy sector and heated property market are posing increasing risks to lenders.
BNZ is facing a lawsuit which a liquidator of a freight-forwarding company says should have gone to the New Zealand Customs Service for import duty.
The Warehouse is rebranding and extending into financial services with the launch of two low- fee credit cards.
The A$30 billion combined annual cash profit reported by Australasia's big four banking giants is an eye-popping figure by anyone's measure.
Average asking prices for Auckland homes have dropped more than $18,000 in just a month, says realestate.co.nz.
Westpac New Zealand expects Auckland's heated housing market to cool following regulatory changes.
But shine of record earnings dulled by news of slower growth.
Situation allowed some ASB online banking customers to add any text after old passwords, which were not case-sensitive, and still log in.
Deutsche Bank is closing its local NZ operation as part of a massive global overhaul that will see it shed 35,000 staff.
The most chilling aspect of the police intrusion into Nicky Hager's privacy is how ordinary it was.
Anger and frustration over glitch that brought down ANZ services.
Market-share gains helped ANZ New Zealand drive a 4 per cent lift in annual profit to a record $1.8 billion.
ANZ Bank is working to fix a technical glitch which has caused all of its major services to be disabled tonight.
A window of opportunity has opened up for first home buyers in Auckland as a result of a massive decline in interest from Chinese buyers, says one mortgage broker.
ANZ Bank New Zealand, the nation's biggest lender, has recorded a 0.3 percent gain in full-year cash profits.
Official cash rate to remain at 2.75 per cent but bank worried about effects of China slowdown.
Fixed home loan rates are unlikely to fall much further regardless of what happens to the official cash rate brokers say.
BNZ has cracked the billion dollar profit level, but has put aside a big pile of cash for potential bad debts from its rural customers.
Bank shoots past the billion-dollar mark for the first time.