Latest from Banking

Dollar falls as expectations for local rate hikes pushed out

The New Zealand dollar weakened overnight, weighed down by a rising US dollar and changing expectations for Reserve Bank interest rate rises.

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.

Central banks to lawmakers: You try growing this economy

Power of monetary policy to drive global growth is nearing its limit. Further progress depends on government leaders.

NZ dollar holds at six-month low

S&P upbeat on US growth picking up

Viewed from the vantage point of Standard & Poor's global chief economist the world economy does not seem too inhospitable a place right now, but not without risks either.

Dollar falls fast - has Reserve Bank intervened?

Reverse mortgage popularity falls

NZ dollar weakens on Yellen speech

Dollar little changed as Ukraine tensions rattle investors

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.

NZ dollar pops up over US85c

US banks now accepting pot dealer business

105 banks and credit unions are now doing business with legal cannabis sellers in the United States, a top US federal official said.

NZ dollar gains vs. British pound

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.