ASB hits record profit of $393m
ASB's cash profits rose 12 per cent in the six months to December 31 to $393 million - breaking another record for the bank.
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Latest from Banking and finance
Long wait on bank fee cases
Disgruntled customers of BNZ, ASB and Westpac are likely to have to wait until 2016 before they get their day in court.
Lombard sentences undermined by law change, lawyer says
Sweeping changes to securities law have undermined the custodial sentences handed out to former directors of Lombard, the Supreme Court has heard.
More banks targeted in fees lawsuit
Westpac, BNZ and ASB have been named as the latest banks to face legal action by a group claiming the banks charged unfair penalty fees.
Auckland's housing boom spreads
Property prices in Auckland's less-favoured suburbs are catching up with the rest of the region as home-buyers shift their focus in a bid to get on the property ladder.
Bond offer from Westpac
Westpac New Zealand said it had an offer of September 2018 bonds aimed at raising up to $800 million.
Risky business using public Wi-Fi
People accessing sensitive information on their emails using unsecured public Wi-Fi could be putting themselves at risk of fraud, says the Banking Ombudsman.
FMA talks Hanover settlement
A High Court insurance stoush has been parked to enable the Financial Markets Authority to enter into settlement talks with Hanover directors and promoters.
NZ dollar recovers ground against trans-Tasman counterpart
The New Zealand dollar recovered ground against its trans-Tasman counterpart after falling unemployment firmed up expectations for a rate hike by the local central bank.
China falls from high
Shaky data out of China lately has economists keeping a wary eye on New Zealand's largest trading partner.
Kiwi dollar tipped to fall this week
Signs of a revival in the Aussie economy have prompted that nation's central bank to remove its easing bias.
Ditch the credit card debt
Credit card debt has reached a record high - and if you're keen to get rid of yours faster, it pays to hunt for the best deal.
Economic bragging rights shift across the Tasman
When Joe Hockey used to hold up New Zealand as some sort of economic benchmark, it would leave a few people scratching their heads.