Latest from Banking and finance

Westpac NZ boss lands 'dream job'
David McLean, the newly appointed boss of Westpac New Zealand, says he has landed his "dream job".

Technology focus for new Westpac boss
New Westpac boss Brian Hartzer has stamped his authority in his first day as chief executive of the Australian banking group.

Peter Lyons: Global financial hangover and us
As we congratulate ourselves on the buoyancy of our rock star economy, we need to appreciate that we are firmly locked into the global economy, writes Peter Lyons.

Bank mortgage war brewing
Banks are tipped to drop interest rates to new lows as competition to attract house hunters and homeowners escalates into an all-out mortgage war.

Reserve Bank opens door to cutting rate
The Reserve Bank has explicitly acknowledged its next interest rate move could be either up or down, thereby giving the financial markets a green light to price in a cut.

Liquidators to make $23m bitcoin claim
The liquidators of a New Zealand bitcoin trading platform will soon be able to make a claim for $23 million worth of the digital currency that was being held with a now-bankrupt Japanese exchange.

Keep cash rate on hold - shadow board
NZIER's monetary policy shadow board believes the Reserve Bank should leave the official cash rate on hold at 3.5 per cent tomorrow but that the next best option would be a cut.

Super-rich to cough up $77m extra tax
New Zealand's super-rich were found liable for an extra $77 million of tax in the last financial year.

Liquidators eye Ponzi investors
The liquidators of fraudster Jacqui Bradley's failed business are mulling whether to try to claw back $2 million from eight investors who were paid out before her Ponzi scheme folded.

Deadline for Aussie bank class action
National Australia Bank customers seeking to reclaim "unfairly charged" exception fees have to register today.

OCR rise melts away into distant future
The prospect of further rises in the Reserve Bank's official cash rate has disappeared over the horizon.

Brokerage backed itself to get licence
An Auckland currency brokerage that was in breach of its reporting requirements and shut down last week after an unexpected surge in the Swiss franc never considered it would not get a new licence....

Brokerage returns clients funds
Global Brokers NZ has so far returned more than half of its clients' funds, says the Financial Markets Authority.

Mortgage wars heat up as rates are cut
Three more banks have cut interest rates in a fight to attract customers. But are some customers being unfairly stung by refinancing fees?

Banks need to lift their game: report
Banks will need to "reinvent themselves" if they want to keep increasing shareholder returns, according to a new report.

KiwiSaver: It pays to keep tabs on providers' fees
KiwiSavers collectively had more than $21 billion in their accounts. Those are some pretty big numbers, so what do fees mean for individual KiwiSaver balances?

Wary watch on Europe's financial markets
Financial markets will this week find whether the Swiss National Bank's fears were well-founded when the European Central Bank announces its plan to revive economic growth.

Peter Lyons: Forget evil rich - flaw is in the system
A natural outcome of a market economy must be inequality of incomes. They are a necessary and desirable outcome, writes Peter Lyons.

Iron miners making money despite crash
Mega-miners BHP Billiton and Rio Tinto are expected to announce more record iron ore production this week despite the commodity's price dive.

ECB set to reveal big bond buy
The European Central Bank is set to unveil a programme of mass bond buying next week to save the eurozone from deflation.

Liam Dann: Deflation spectre global threat
Keeping up with the progress of the global economy is becoming a fiendishly complex sport, writes Liam Dann.

Traders pay price for Swiss franc move
Global fallout from the shock decision by Switzerland's move to remove the cap on the franc has widened with more traders and hedge funds closing or facing escalating losses.

The year you get sorted
It's probably your biggest bill but too few people realise how much money they could save if they put some thought into managing their mortgage.