Cycle has passed its peak, says NZIER
The Institute of Economic Research considers the economic cycle has passed its peak but that it will moderate to a still healthy pace.
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Economy slower but still robust
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Westpac and BNZ to be served papers
Two of New Zealand's largest banks will this week be served court papers over claims they charged more than 41,600 customers unfair penalty fees.
US banks now accepting pot dealer business
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ASB profit hits $806m high
An improving economy helped boost ASB's annual net profit by 14 per cent to a record $806 million, but the bank's chief executive, Barbara Chapman, says bad-debt expenses are likely to begin trending upwards from their present low levels.
Loan shark victim welcomes crackdown
A new war on "loan sharks' should help bankrupt Auckland mum Farrah Matthews, who ended up paying $29k for a $12k car - borrowing money at 29 per cent interest.
German yields near 1pc as Japan-style risks grow
ECB reluctance to adopt full-scale quantitative-easing policies is prompting German comparisons with Japan's stagnation over the past 15 years.
ASB banks record $806m profit
An improving economy and favourable funding conditions helped ASB Bank boost its annual statutory net profit by 14pc to a record $806 million.
NZ on cusp of buy-up boon
New Zealand could be on the cusp of a big lift in mergers and acquisitions activity, driven in part by increasing Asian interest in local companies.
Economy riding the road to growth
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Card transactions up in July
Consumers' plastic cards saw more of the light of day last month.
Would a 'Banker's Oath' tame some financiers?
A British organisation has released a report titled "Virtuous Banking", which offers suggestions for reforming the financial industry.
Asset prices look stretched
It is a time for investor caution as asset prices look increasingly stretched, warns Bank of New Zealand economist Stephen Toplis.