Latest from Banking

SBS mortgage sign of rates rivalry

Competition is continuing to heat up in the mortgage market, with a new rate dipping below 5 per cent.

NZ dollar tumbles in wake of strong US jobs data

Liam Dann: Goldilocks economy in a complex world

The US economy continues to surge back to life, moving into territory which some economists describe as "full employment". However, Americans who are still without a job may disagree.

OCR expected to hold at 3.5%

The January OCR review saw a shift in the bank's stance from a tightening bias to neutral.

Building slump in Oz continues

Construction activity in Australia continued to fall in February as an interest rate cut failed to encourage new orders.

Mary Holm: Deposit guarantees have downsides

Insurance of this kind is not always effective, may be unfair and can lead to risky lending by banks, writes Mary Holm.

Failed Portuguese bank breached orders: report

The Portuguese bank that failed and lost the NZ Super Fund almost $200m breached Central Bank orders by "increasing exposure to its founding family's collapsing business".

NZ dollar falls after RBNZ plans curbs residential property investment

All Blacks announce new sponsor

The All Blacks have a brand new sponsor to support them in Rugby World Cup year, through the sevens at the 2016 Rio Olympics and all of 2017.

NZ dollar slips on better-than-expected US data

Stock Takes: Up and away - market takes off

It has been a big week for the sharemarket as the reporting season continues and stocks make big price moves.

NZ Super Fund grilled on $200m loss

The NZ Super Fund will not change its policy substantially after the loss of almost $200m in taxpayers' money.

HSBC CEO's Swiss account baffles

The decision by Stuart Gulliver, CEO of HSBC Holdings, to park money in Switzerland puzzled lawyers who didn't see a clear tax benefit from the move.

NZ dollar rises on back of greenback fall

Home loan affordability improves

Home loans became more affordable last month, with the typical home buyer saving $30 per week on mortgage repayments compared to December.

Greece wins temporary reprieve

Greek Prime Minister Alexis Tsipras won four more months to sell his policy program to creditors while keeping domestic voters on board.

Home loan demand drives bumper profits

New Zealand's banks had a bumper 2014, with home loan demand amid a booming property market helping to boost their combined profit by more than 20 per cent to a record $4.8 billion.

Air NZ deal caught in UK media clash

An Air NZ sponsorship deal has hit headlines in a tit-for-tat row between two of Britain's most influential newspapers over the integrity of their editorial content.