Holiday spend hangover: Westpac warns of financial distress
A major bank is warning consumers to budget this year.
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Latest fromWestpac
December spending on a “sharper decline than expected”
Electronic card spending fell at the end of last year which might be bad news for retail.
Diver hospitalised after being ‘pummelled’ by waves at Port Waikato
The diver was airlifted to hospital in a serious condition.
'Glacial response': Consumer watchdog slams NZ banks after update on fight against scammers
Work is 'progressing' to introduce a co-ordinated Anti Scam Centre to protect customers.
Consumer confidence at highest level in nearly two years
Bank says more households expected the economy to strengthen over the coming year.
Retail spending up in November but retail outlook remains ‘cautious’
Stats NZ data showed card spending was up across all categories last month.
A Christmas phishing trip? Banks warn of scams
Some juicy term deposit offers are fake, NZ bank warns.
OCR announcement: Will the Reserve Bank change its interest rate plans?
With a last hike for the year looking unlikely, what does the bank expect for 2024?
Mortgage relief? Westpac first major bank to start cutting rates again
Westpac is cutting a range of its longer-term home loan rates.
Scamfest as retailers hope Black Friday and Cyber Monday pay off
Two big events made in the US, and one made in China, aim to ignite retail fortunes.
'We know there is more pain to come': Westpac NZ prepares customers for the rocky road ahead
Westpac posts a respectable profit but prepares customers for tougher economic times.
House prices set to rise 8 per cent next year - report
High population growth is 'adding to demand', says Westpac's chief economist.
NZ 'winning the war on inflation', no more rate hikes needed, Kiwibank says
Economists are reassessing their interest rate outlooks after inflation data surprised.
Solution in reach after Westpac, The Warehouse strikes
Union confident talks made progress after strikes at bank, retailer.
Waikato gets new $18 million rescue helicopter
New rescue helicopter will be in action this month for the Waikato region.
More jobs, better pay, so why isn’t the economy really humming?
Beset with niggles about inflation and recession, the economy is slowing.
Mood of the Boardroom: Why NZ needs crossparty agreement on infrastructure
NZ needs to look holistically at challenges.
The sledgehammer needed to smash unemployment and inflation
A lagging pain from the sting of central bank hikes could start to set in.
Sharesies users get new instant pay wallet refill option with two big banks
Bigger wallet top-ups cheaper with open banking than using credit card, Apple or Google.
Consumer confidence plummets further
The big concern for New Zealand households is the pressure on their finances.
NZ no longer in recession, GDP result exceeds expectations
Strong exports, IT services, manufacturing helped drive growth in second quarter.
Are we out of recession? Economists make their picks
After two quarters of contraction, has the economy rebounded - and can it last?
'Far too late': Victims sick of 'false promises' as banks announce changes to fight scams
"Unfortunately, this comes far too late as my family’s lives have already been destroyed."
'Absolute negligence': Financial expert lashes Kiwi banks, alleges systemic security failures
It’s absolute negligence on the banks’ behalf and it’s an embarrassment internationally.'
Sacred Hill's $72m shortfall referred to authorities
Receivers lodge formal complaints over winemaker, which collapsed in 2021 owing $100m.
'Highly p***ed off': Mule used ANZ account to steal money from up to 9 victims
'Our NZ banking system is grossly inadequate.'
Third major bank hikes mortgage rates this week
Westpac is lifting its mortgage and term deposit rates from tomorrow.
Westpac to offer interest-free lending on EVs – but there’s a catch
Westpac has joined other NZ banks in offering loans for electric vehicles.
Scam victim hires private investigator to track ‘money mule’ after losing $100k
'In a lot of these cases you’re chasing shadows, but here there’s a genuine lead.'
Food prices fall in July after months of brutal increases
Believe it or not, food prices took a dive, for a change, in July.
Westpac strike: Demonstration and ‘capitalist pig’ at Britomart
'They have to be very, very angry to go on strike,' union says of rare bank worker action.
Westpac strike to go ahead, inflatable ‘capitalist pig’ expected
In rare bank strike, workers will take a variety of midweek actions.
Borrowers forced to dig deeper as home loan test interest rates jump again
One bank is now testing at over 9 per cent.