Latest from Banking

Technology focus for new Westpac boss

New Westpac boss Brian Hartzer has stamped his authority in his first day as chief executive of the Australian banking group.

Kiwi dollar tipped to keep falling

Westpac's NZ man snares top local job

NZ dollar weakens as Chinese manufacturing contracts

Peter Lyons: Global financial hangover and us

As we congratulate ourselves on the buoyancy of our rock star economy, we need to appreciate that we are firmly locked into the global economy, writes Peter Lyons.

Bank mortgage war brewing

Banks are tipped to drop interest rates to new lows as competition to attract house hunters and homeowners escalates into an all-out mortgage war.

Reserve Bank opens door to cutting rate

The Reserve Bank has explicitly acknowledged its next interest rate move could be either up or down, thereby giving the financial markets a green light to price in a cut.

OCR left unchanged at 3.5 per cent

Reserve Bank Governor Graeme Wheeler has left the official cash rate unchanged this morning at 3.5 per cent, and says that won't change for a while.

5-year rate new front in bank mortgage war

More interest rates have been cut following a week of competition by the country's biggest banks to attract house hunters and mortgage holders.

Brokerage returns clients funds

Global Brokers NZ has so far returned more than half of its clients' funds, says the Financial Markets Authority.

Mortgage wars heat up as rates are cut

Three more banks have cut interest rates in a fight to attract customers. But are some customers being unfairly stung by refinancing fees?

Banks need to lift their game: report

Banks will need to "reinvent themselves" if they want to keep increasing shareholder returns, according to a new report.

Wary watch on Europe's financial markets

Financial markets will this week find whether the Swiss National Bank's fears were well-founded when the European Central Bank announces its plan to revive economic growth.

Peter Lyons: Forget evil rich - flaw is in the system

A natural outcome of a market economy must be inequality of incomes. They are a necessary and desirable outcome, writes Peter Lyons.

Iron miners making money despite crash

Mega-miners BHP Billiton and Rio Tinto are expected to announce more record iron ore production this week despite the commodity's price dive.

Liam Dann: Deflation spectre global threat

Keeping up with the progress of the global economy is becoming a fiendishly complex sport, writes Liam Dann.