Latest from Financial Services

Nearly 500k people behind on loan payments, mortgage arrears hit eight-year high

The OCR has fallen 200 basis points since August, but home owners are still struggling.

Opinion: How Trump's trade moves may upend Powell's achievements

Business uncertainty from US tariffs may lead to a recession.

Is there method to Govt's madness, helping ANZ and ASB in court?

Lawyer supports law change to avoid "draconian consequences" for lenders.

Former FMA chief Rob Everett to chair Simplicity

Rob Everett was the former chief executive of the Financial Markets Authority (FMA).

Business confidence falls as tariff turmoil takes a toll

The new survey still pointed to some signs of economic recovery.

Woman who received $158k in bank transfer error could face charge, jail time: expert

The money was allegedly used for cars and sent to a boyfriend and a relative.

'People are working their hearts out': The struggle of Northland's workers

Of Northland's workforce, 66% earn $50,000 or less annually.

New survey highlights how worried Kiwis are about money

'There’s not a lot of resilience in the system.'

Nadine Higgins: How your neighbour's spending habits can mislead you

Opinion: Appearances can be deceiving; many who seem wealthy face financial issues.

Nadine Higgins: Deposit rates tumbling – where do I put my savings now?

OPINION: Term deposit rates have fallen from 6% last year to about 4.3% now.

Mary Holm: How to weather sharemarket turbulence

OPINION: Knowing when to invest again is impossible so it's better to stay put.

Treasury keen on crisis time OCR cuts, not spending and money printing

The agency still can't pinpoint the benefits of the Covid-era $55 billion LSAP programme.

Hart family business tips Hansells Masterton into receivership

Hansells Masterton is a contract manufacturer which also owns the Horley’s brand.

US Treasury bonds are being sold off. Here’s why it’s concerning

A new, unsettling red flag.

Wattle Park developer liquidated: Kiwibank owed $3.6m, Inland Revenue $1.09m

Project completed in January 2022 but developer blames Covid and the downturn for debts.

‘Grim reaper cometh’: Major NZX plunge amid global market turmoil

The NZX 50 Index plummeted 3.68% to 11,775.88, its worst drop since March 2020.

Will tariff turmoil drive NZ interest rates lower still?

NZ wholesale interest rates have fallen after the US introduced higher tariff charges.

$2.4b wiped off value of NZ stocks in reaction to US tariffs

The NZ market is down more than 3% and the Australian market has plunged 6.3%.