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Banking and finance news

ASB and POLi strike deal - is the Govt's competition push working?
Deal marks a step towards open banking gaining scale.

'We are here to help': ASB offers relief measures for weather-hit customers
Bank says it will pause home loan repayments for up to three months.

Is there method to Govt's madness, helping ANZ and ASB in court?
Lawyer supports law change to avoid "draconian consequences" for lenders.

BNZ fixed loan rate falls to 4.95% as major banks trim mortgage rates
Special rates are being offered under 5% after the OCR dropped 25 basis points.

Nadine Higgins: Deposit rates tumbling – where do I put my savings now?
OPINION: Term deposit rates have fallen from 6% last year to about 4.3% now.

'Couldn't get his story straight': Playboy businessman's fall from grace
Prosecutors claim New Zealand victims bankrolled private jet and a Spanish football club.

$6.6t rout: US stocks plunge for second day as China retaliates, Fed issues inflation warning
The US$6.6t two-day rout is only rivalled by 2020's pandemic meltdown and the GFC

Fraud convictions see lawyer struck off
Law Society action follows guilty plea to mortgage fraud charges.

Borrow-against-your-provisional-tax firm Taxi wins law change, reveals numbers
The small business-focused start-up bags its first two corporate clients.