Banking and finance news
QV figures: How much has your home lost since the market peak?
We can't say 'peak to trough' because we don't yet know if we have hit rock bottom.
Du Val entity funnelled $6.7m to 8 affiliates amid $4.6m tax debt
The loans were made to eight Du Val entities and were all unsecured.
Kiwis making big waves across the ditch: NZ’s top expats in Oz
As more Kiwis head to Australian shores, our successful expats show how far we can go.
Bluestone Home Loans sold to ASX-listed Challenger for $597m
Challenger told Bluestone clients with direct debits that nothing would change for them.
Doing it tough: What households are dropping to cut costs
KiwiSaver holidays and insurance downgrades are some of the big cuts Kiwis are making.
Du Val downfall: From champagne, private jets to receivership and $250m debt
It was a lifestyle of flashy opulence - until the money ran out.
Legislation, losers and lessons: Andrew Bayly’s 2024
Minister Andrew Bayly sat down with Tom Raynel to discuss his 2024, and what comes next.
Fake lawyer claims: Kiwi fraudster labelled ‘charlatan’ in Dubai court
New Zealander with colourful history finds himself in third continent's courts.
Unconsented building work non-disclosure sees agents fined $18,000
Three Barfoot & Thompson agents pleaded guilty to unsatisfactory conduct in the case.
Editorial: Govt's Kiwibank move a good step in the right direction
OPINION: Ultimately, a public listing may be needed for it to reach a competitive scale.
Opposition to multi-billion dollar Beachlands scheme settled
'Development process can now move forward with the next phase of planning.'
Jenée Tibshraeny: Government caution on Kiwibank capitalisation a win – for now
OPINION: Why seeking local private investment in Kiwibank is a win for the Govt – for now.
Gloriavale risks closure after court allows BNZ to shut its accounts
Two-year legal dispute over BNZ's bid to ditch Gloriavale ends.
Popularity of short term mortgage borrowing surges – at a cost
Nearly 90% of new mortgage lending in October was floating or fixed for a year or less.
Revolut applies for NZ banking licence
Fintech hopes licence will enable it to offer new products and enhance consumers' trust.
Retirement village dispute: Race, gender prejudice cited, residents lost
Fight over weekly fees charged by the operator had morphed into something else: decision
FMA welcomes High Court decision on CBL
The FMA has welcomed a decision on the estate of former CBLC director Alistair Hutchison.
Payments company Wise says Kiwi SMEs are held back by foreign exchange fees
Wise is calling for changes to transparency around foreign exchange fees.
Banks roll out new scam protection tool: How confirmation of payee will work
How it works, what you'll see, and when you'll likely get it.