Latest from Banking

Dollar rises above US66 cents

The dollar advanced as traders who had bet on the currency's decline took profits ahead of the tomorrow's interest rate decision.

BNZ ranked bank of the year

The banks has been named bank of the year for everyday banking by consumer organisation Canstar.

NZ dollar touches US66c after PM says it's fallen faster than expected

House buyers try to beat Govt change

An Auckland real estate agent says "some groups of buyers" are trying to beat the Government's new restrictions on foreign property purchases due in October.

NZ dollar at 'Goldilocks' level

The NZ dollar has been trading around 65 US cents, which the Prime Minister has previously called the "Goldilocks" level.

Smart money on backing diversity

The best thing you can do in business is to back yourself, says Spark's Digital First general manager Anna Curzon.

Baptism of fire for Bank Ombudsman

In Deborah Battell's first year as Banking Ombudsman there were 1888 formal complaints - a 99 per cent rise.

Bryan Gould: Banks fuel housing market by 'creating' money

Banks create the money they lend out of nothing and can charge interest on the new money for as long as it exists in the form of a debt owed to them, writes Bryan Gould. "The affordability crisis will go on getting worse."

Kiwi dollar hits six-year low

The dollar has since consolidated after a slump in dairy prices and benign inflation stoked expectations of interest rate cuts.

NZ dollar holds steady

The dollar was little changed as risk sentiment improved following a bounce in Chinese equities and new Greece proposals.

Retail card spending stalls in June

The economy has started to slow, with confidence declining as dairy prices remain lower for longer.

Kiwi dollar jumps back against Aussie

"The Australian dollar is among the worst performing major currencies," a BNZ currency strategist says.

NZ dollar touches five-year low overnight

The dollar fell as commodity prices dropped on concern about waning demand.

Bank staff sacked for mock execution

Oz central bank keeps rate at record low

The Reserve Bank of Australia kept its cash rate unchanged at a record low 2 per cent for a second month, saying accommodative monetary policy is needed in an economy growing slower than its....

Dollar little changed as traders mull Greek crisis

The kiwi dollar was little changed overnight as traders awaited further developments in Greece.

'Hard to be bullish' on dairy prices

NZX dairy futures pricing continues to point to more weakness in the whole milk powder market, following on from the sharp decline at last week's GlobalDairyTrade auction.

'No' vote leads to stormy day of trading

Greece’s “no” vote on austerity measures lead to a tumultuous day of trading across equity markets – including New Zealand and Australia.