Latest from Westpac

'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.

Banks’ preparations for tough times could dampen profits

KPMG sees banks continuing to make provisions for higher bad debts.

Scam concerns intrude on big bank probe announcement

The nasty and costly scams have prompted a warning and some advice from ministers.

Consumer confidence still low despite belief inflation has peaked

Men are more upbeat about the economy but headwinds still expected.

‘Housing market found a base’: What you need to know about new REINZ data

Level of sales remains low but volumes rose in each of the past three months. What next?

Lower inflation on food prices ‘a long way away’, economists say

Annual food price inflation is still close to 30-year highs.

‘Edging closer’: ASB survey pinpoints housing market turning point

"Tentative signs of an uptick in activity, moderating price falls."

Retail spending slump signals looming economic downturn

Card spending fell for the first time since February.

A 2023/24 milk price of $8/kg will be a pinch for farmers

Fonterra's "mid-point" forecast of $8/kg will be close to break-even for farmers.

Westpac glitch hits some automatic payments, direct debits

Westpac glitch affects some payments as bank says 'urgent' solution sought.