Latest from Banking and finance

Wall St rally stokes appetite for NZ dollar
The dollar gained against the greenback as improving US employment figures underpinned a rally on Wall Street.

Bank push to change KiwiSaver
Default provider arrangements for KiwiSaver do not encourage financial literacy and should be ditched, says state-owned Kiwibank.

Bank policy battle is heating up
Imagine it would be if you had just struggled to save a 10 per cent deposit for your first home only to be told you now had only half the money you need, writes Liam Dann.

No signing, no Pin, just wave card
Shoppers can now buy nearly $80 worth of goods on a credit card at many shops without having to sign or use a Pin number.

Watchdog still mulling Hanover charges
The SFO has spent longer considering charges after the Hanover collapse than in the case of any other finance company it has probed.

House fears: OCR stays put at 2.5pc
The Reserve Bank says the OCR will stay at a record low of 2.5 per cent, as rising house prices are singled out as a threat to New Zealand's financial stability.

C + M director pleads guilty
Capital + Merchant Finance director Owen Francis Tallentire has today pleaded guilty to three charges laid by the Financial Markets Authority.

Home loans and risks in Reserve Bank sights
Debate about rising house prices in Auckland and elsewhere has included discussion on the risk weights the Reserve Bank requires banks to apply to their housing lending.

Long-term mortgage rates war
Banks are slashing their long-term mortgage rates, with customers tied up for longer periods likely to save thousands.

Stock Takes: Busy year ahead for NZX listings?
This year is shaping up to be a very busy one for new sharemarket listings...

Production barely expands
The manufacturing sector ended 2012 much as it had spent the whole year, just barely on the right side of the line between expansion and contraction, the BNZ-Business New Zealand performance of manufacturing index (PMI) indicates.

ASB cuts mortgage rates
ASB Bank has today announced reductions to its three, four and five-year fixed home loan rates.