Latest fromWestpac
Final big bank drops home loan rates after OCR cut
Westpac announced changes to its six-month and one-year rates today.
Auckland businessman sacked from Beca, warned to expect jail sentence for role in $2m scam
The South African costings professional had been earning $200k a year plus bonuses.
TSB blocks probe after staff help customer send $1m to scammers
'If they’ve got nothing to hide, why are they trying to evade the Ombudsman?'
Budget to reveal high watermark for $132b government debt
Economists expect Thursday's Budget to mark peak government debt levels.
‘Dagger through my heart’: JP linked to $1.8m scam unmasked after failed secrecy bid
Suren Sharma allegedly helped criminals steal $1.8m from 12 investment scam victims.
Kiwi startup lands TikTok as a client
Founder realises he has a blind spot - then corrects it.
UK bank accuses Westpac of ‘critical errors’ after customer sent $158k to wrong account
Westpac denies liability, blaming the customer for keying the wrong account details.
‘Rip-off’: App developer and Consumer say fees will stifle open banking
Government, banks respond.
NZ banks face repaying $9.2b in cheap Covid loans in coming months
The money was borrowed during Covid times at a very low interest rate.
Unemployment remains unchanged at 5.1%
The labour market remains subdued despite better-than-expected result.
Westpac CEO intervenes after pensioner loses $158k in bank transfer error
The money went to an Auckland woman who allegedly spent it on cars and transfers.
Market close: NZ sharemarket rebound continues
Composure is returning to markets after an unruly April.
Floating rate fad helps Westpac's profit grow 10%
Bank reports $525 million profit in six months.
Pensioner who lost $158k gets bank refund after woman's 'spending spree'
Andrew Che Sit Bong, 78, lost his savings due to a single-digit mistake.
Westpac fined $3.25m for misleading customers
Bank's 'systems were insufficient', says Judge.
Westpac apologises after online banking goes down, leaving customers frustrated
Some say the glitch has meant they can't pay their bills or transfer money for petrol.
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.
Woman’s 'spree' after $158k banking error, refuses to return pensioner’s life savings
Andrew Che lost his retirement savings due to a one-digit bank transfer error.
Banks to reimburse fraud victims up to $500,000 under new rules
New tech will identify risky transactions and freeze suspect accounts.
Waikato rescue helicopter crash caused by 'vortex ring state', investigation finds
It marks what may be the first crash directly caused by the phenomenon.
BNZ fixed loan rate falls to 4.95% as major banks trim mortgage rates
Special rates are being offered under 5% after the OCR dropped 25 basis points.
What Trump’s tariffs mean for mortgage interest rates
The new US tariffs have shaken international markets, causing a global share plunge.
‘Manageable’ impact: NZ faces $900m hit from US tariffs
Weaker global demand is likely to depress commodity prices, says Westpac's Kelly Eckhold.
‘Scammers don’t sleep’: FMA under fire for delayed scam alert after retiree loses $1m
The FMA took 47 days to issue a scam warning, during which a retiree lost $1m.
ASB: ‘If economic recoveries are cars – New Zealand is more Prius than Ferrari’
An ASB economist outlines the 'good, the bad and the ugly' of the recovery.
Watchdog launches probe after ANZ helped victim send $250k to scammers
ANZ refused liability saying there were no indications of fraud or 'red flags'.
‘Negligence to the eyeballs’: Westpac under fire in $2m laundering case
Carel Viljoen laundered nearly $2 million in an investment scam.