Kiwis use spare lockdown cash to pay off home loan mortgage debt faster
More than $400 million extra was paid off mortgages by customers of Westpac.
AdvertisementAdvertise with NZME.
Latest from Banking and finance
Liam Dann: Unemployment's OMG moment - what really happened to jobs
Good, bad or meaningless? We knew unemployment data would be weird but it still surprised.
Former CBL boss Peter Harris appears in court over fraud charges
CBL had a market value of $747m when its shares were suspended from trading in 2018.
Publishers, MBIE owed money by collapsed financier
Four secured creditors at top of long list.
The big ugly number due today - and what it will tell us
Unemployment will look ugly, but the true picture requires a deeper dive into the data.
Banks' covid-related provisions likely much smaller in June quarter
According to a graph presented by Reserve Bank deputy governor Geoff Bascand.
4200 Kiwibank customers hit by privacy breach
The bank has contacted the Privacy Commissioner over the violation.
NZ corporates turn to KiwiSaver as bank funding slows
Corporates are turning to the bigger KiwiSaver asset managers as a source funding.
ANZ takes $22m stake in Pacific Edge
Pacific Edge will issue 33.8 million shares to ANZ at 65 cents per share.
Kiwibank backtracks on brothel business ban
Kiwibank will stop grouping the sex industry with harmful businesses and allow investment.
Commonwealth Bank launches initiative to combat financial abuse
Thousands have been revealed to be taking part in a 'horrifying' new form of online abuse.
Investors unhappy banks blocked $3m in transfers to US firm
Protesters say a bank is blocking their bid to invest in a US-based company.
What led police to release photos of suspected Wilson Parking card skimmer
Skimming fraud hits hospital ticket machines, investigation underway.
Mortgage wars: Big bank cuts interest rates for low-deposit home-loan borrowers
Low equity borrowers will now be able to access special rates.
Skimming scam: Banks alert Wilson Parking over hospital fraud
Police investigation launched, company audits 500 machines.
NZ banks expected to weather Covid-19 storm but risks remain
But risks remain from the pandemic lasting longer and delays in a vaccine.
ANZ to pay $19,000 following deathbed visit by banker
The bank also issued an apology to the family following a near two-year fight.
Peter Lyons: Money, banking and the post-Covid economy
Comment: The dark art of private banks magically creating money is little understood.
NZ banks' credit losses to rise to 12x 2019 level - S&P
A contracting economy and rising unemployment will affect banks' asset quality metrics.
Cashless future comes a big step closer
New York Times: Quest for cleanliness is encouraging shoppers to abandon notes and coins.
Reserve Bank mulls mortgage holiday extension
Australia has extended its mortgage deferral scheme by another four months.
Bank fees: When to break your home loan rate
There are some tempting deals on offer but should you go for them?
The end of face-to-face banking? Covid lockdown hastens branch closures
More than 30 branches have closed since March 26.
Bank profits dropped 20pc in March quarter, full impact still to be revealed
A significant increase in impaired assets has dragged down bank profits.
GFC fraud case: Ex-board member wants costs after partial-acquittal
Paul Bublitz was released from prison last year after a successful appeal.
ASB to close 9 branches and reduce hours on 25 others
It will also hire people into 150 new roles.
ASB customers demand branches reopen, bank defends
'Branch teams are currently dealing with mammoth task' - ASB's Craig Sims.
Continuous Disclosure: Goldman Sachs' golden run, Delegat's good drop
When a good drop is good news.
Buoyant investor confidence worries regulator
Investor confident didn't fall despite coronavirus outbreak causing market volatility.
How one Kiwi company went from LA award-winner to receivership
The once award-winning business owes $7.3 million.
Alleged $50m money laundering breaches for Hong Kong subsidiary
The accused company provides financial services, including broking and derivatives.
Covid crunch: NZ house prices tipped to fall by 10 per cent
S&P says the credit ratings of local banks should hold despite a 10% fall in house prices.
Nikko opens GoalsGetter platform to financial advisers
The minimum upfront investment on the platform is $250.
GDP data to show economy on its way into recession
We get a first look at the Covid-19's economic effect with 1st quarter GDP data this week