Latest from Financial Services

'Got my full backing': PM Luxon defends Nicola Willis after GDP decline

GDP shrank 0.9% in the June quarter, more than double the forecast drop.

Outlook grim for Kitchen Things creditors owed $16.6m, company on brink of liquidation

More than 390 creditors are wanting money from Kitchen Things and its related entities.

Watch: Nicola Willis speaks as GDP slumps 0.9% in June quarter

The contraction was much worse than expected and may trigger a more aggressive OCR cut.

Mixed reception to heritage home specialist Brooksfield's arrival

'Only genuine old houses built of native timbers are the real thing': Margot McRae

Bryce Wilkinson: Alarming US public debt means NZ Government should be more prudent

OPINION: Net interest charges reached US$934b in 11 months, more than defence.

US Fed cuts rates, says two more rate cuts in 2025 a probability

The Fed now expects two more interest rate cuts before the end of the year.

Vanishing act: Liquidators still searching for boss of collapsed Auckland crypto firm two years on

Good news, bad news for customers of failed cryptocurrency exchange.

Cashier steals card from sick customer, goes on $8500 shopping spree

Her bank refused a refund, ruling she had not protected her Pin.

Liam Dann: Runway for pre-election turnaround looks dangerously short for Luxon

For voters to feel good about the economy in 2026, we need signs of recovery very soon.

Editorial: Financially stressed, socially suppressed – NZ’s money talk problem

OPINION: One in six New Zealanders feel they are sinking financially.

Mary Holm: Who is covered in the new depositor compensation scheme

OPINION: There hasn't been much coverage of the new scheme, which took effect on July 1.

Two embattled retailers announce fire sales - 'significantly reduced prices'

Customers can only pay via Eftpos and bank transfers. No cash will be accepted.

'Significant value for money concerns': Treasury unleashes at RBNZ for 50% funding increase request

New details emerge of negotiations between departments.

Cryptocurrency scams: a guide

Rug pulls lure investors into bogus projects, causing massive losses.

Stock Takes: UDC makes solid profit but credit losses climb

The company booked a credit impairment charge of $39.8m in the 15 months to March 31.

Families feeling the pinch of cost-of-living crisis

Helen Gilby’s power bills rose 10% and insurance increased 20% this year.