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Banking and finance news

‘Grossly unfair’: Staff at Hatch owner FNZ revolt over capital raise
Some employees say their retirement funds have disappeared due to dilution.

Banks offer up to $20k cashback to lure new home loan customers
Cash incentives from lenders are driving competition for mortgages.

NZ banking net profit rises to $7.22b amid economic challenges
Profits were in the middle to upper end when compared with other countries.

Who could replace Adrian Orr as Reserve Bank Governor?
As Orr departs, what's next for interest rates and the future direction of the RBNZ?

Mansons wins non-notification for $650m Auckland office build
Cliff-top site above Fanshawe St looks towards Viaduct Basin and the Wynyard Quarter.

NZ First ‘woke’ bank bill drawn from ballot, but not backed by National and Act – yet
Parties consider whether to crack down on de-banking.

Opinion: Why Labour’s banking claims ring hollow
Credit unions felt ignored by Labour during financial reforms.

Four months, still no buyers: PwC trying to sell Du Val properties
Bare land ready for unit development and a multi-level apartment block are still for sale.

Editorial: ‘Woke’ or not, political meddling in business sets dangerous precedent
OPINION: It's not for politicians to decide if banks are too woke it is for shareholders.