Latest from Banking and finance

House prices to be 20% lower in real terms by mid-2030s - forecast

House prices will be 20% lower in real terms by the mid-2030s than in 2021.

Major banks halt over-counter deposits into others' accounts

ANZ stopped accepting deposits into others' accounts last year.

Final big bank drops home loan rates after OCR cut

Westpac announced changes to its six-month and one-year rates today.

ASB offers $150,000 interest-free loans for farm solar systems

Farmers could expect to get payback from as early as the sixth year of generation.

New, never-lived-in Auckland apartment project up for mortgagee sale

WFT Finance brought in a subcontractor to finish the apartments before calling Colliers.

BNZ preserves margins on flat half-year

BusinessDesk: BNZ outranks its Australian cousins for customer preference.

Govt warned it'll be lumped with bigger bill than insurers if disaster strikes

Insurers pass Reserve Bank stress test, but it worries about the Government's finances.

'Decades of experience' – Craig Heatley company, Hoppers plan $220m marina

A forecast 140 jobs are to be created over 30 years if plans are allowed to proceed.

‘State-house boy from Naenae’ to property magnate: Sir Bob Jones' colourful, controversial life

He didn’t suffer fools, loved boxing, smoked a pipe and liked to buy buildings on corners.

ASB and POLi strike deal - is the Govt's competition push working?

Deal marks a step towards open banking gaining scale.

'We are here to help': ASB offers relief measures for weather-hit customers

Bank says it will pause home loan repayments for up to three months.