Latest from Westpac

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.

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.'