
Kiwibank profits dip on higher costs and competition
CEO Paul Brock said the flat result reflected the global uncertainty and increased funding costs for banks.
CEO Paul Brock said the flat result reflected the global uncertainty and increased funding costs for banks.
Can you earn good returns without investing in dirty industries? Matt Nippert and Caleb Tutty report.
Labour has renewed calls to ban foreigners buying New Zealand houses.
The Taranaki farmers bought controversial interest rate swaps from the bank.
Global ratings agency S&P says New Zealand's rapidly rising house prices are cranking up economic risks.
Three towns will be left with no bank branches if Westpac goes ahead with a raft of planned closures.
A lawyer says foreigners buy 29 per cent of New Zealand properties, not 3 per cent as reported in official state data.
After revelations that some major KiwiSaver funds are invested in controversial companies one director is calling for an ethics review.
The number of home loans and amount being borrowed has dipped ahead of further lending restrictions, but one mortgage broker says
Two major KiwiSaver providers are reviewing or planning to divest controversial holdings in clusterbomb manufacturers.
HSBC has slashed its two year fixed home loan rate to a 50 year record low 3.79 per cent
Heartland Bank has boosted its profits by 12.5 per cent to $54.2 million and says it is still on the acquisition trail. The local
If you don't plan carefully, you might have to go back to work when you least want to.
A former financial adviser has been warned over suspected misleading and deceptive behaviour but has escaped being named. The Financial
It's the weakest housing sentiment result since early 2012.
Higher fixed-term rates are not likely to deliver the funding boost that lenders are looking for, experts say.
The Reserve Bank has delayed the start of changes to investor loan-to-value restrictions (LVRs) nationwide from 1 September to 1 October
Kiwis are opening their wallets with retail spending up for the June quarter, rising at the fastest pace in close to a decade.
Kiwibank is cutting 0.20 percentage points off its floating rate mortgages, while ANZ, ASB and Westpac will shave a smaller amount.
Westpac has now joined ANZ bank and cut mortgage rates after the Reserve Bank dropped the OCR this morning.
Unguaranteed investors in failed finance company Viaduct Capital are likely to get back around 10 to 15 cents in the dollar.
ASB bank is forecasting a leap in its funding costs over the next year as international turmoil continues to weigh on wholesale money
Accused property developer Paul Bublitz has denied the existence of a conspiracy in a plan to purchase finance companies.
The measure of economic activity using traffic data slowed down last month.
The companies linked to Paul Bublitz and his co-accused collapsed in 2010, owing investors a total of $17 million.
COMMENT: For anyone who finds themselves in pickle, here's a story of sheer determination.
COMMENT: As the world tunes into Rio Olympics, politicians in Canberra have turned their attention to another favourite sport of Australians: bank bashing.
COMMENT: Normally the banks would just pass on the Cash Rate cut to mortgage borrowers and term-deposit savers, but this time is likely to be different.
Helicopter rides and late night trips to hotels are par for the course for bankers to New Zealand's wealthiest.
COMMENT: If you missed out on a payrise in the past year - or it was so small you hardly noticed - then don't feel too bad. You weren't alone.