Ombudsman prepares for onslaught of banking complaints
KiwiSaver withdrawal and mortgage deferral complaints rose during Covid-19 lockdown.
AdvertisementAdvertise with NZME.
Latest from Banking and finance
Banks stopped selling controversial insurance product
Only Kiwibank still sells the insurance product.
Businessman pleads guilty in fake foreign investment fraud case
The FMA said the fraudster obtained just under $100,000 from those he contacted.
Mortgage wars: Kiwibank slashes home loan rates
State-owned bank cuts variable rates on business and home loans.
Bank and insurance licensing law change doesn't go far enough, Consumer says
Hearings on bill proposing to license conduct of financial institutions start Wednesday.
Kiwis reveal their biggest financial worries
A new survey sheds light on what's keeping Kiwis up at night.
ANZ strife: More bad news for country's largest bank
ANZ New Zealand now facing legal action on multiple fronts.
'As good as John Key': Bragging trader used stolen millions to fund luxury life
Steven Robertson used stolen millions to fund a luxury, jet-setting lifestyle.
Regulator takes action against ANZ for insurance that offered no cover
Financial Markets Authority alleges bank sold insurance policies that offered no cover.
The other cloud hanging over NZ's economic recovery
The recovery will take way longer if Kiwis aren't willing to spend.
Westpac loan targets rise in work from home
Bank offers up to $10k interest-free as more opt to work from home.
Japan's Shinsei Bank to buy UDC Finance for $762m
ANZ has been trying to offload UDC for some time.
Mortgage wars should spark boost to lending
Mortgage lending was slashed to about half of normal levels last month due to Covid-19.
HSBC reviewing operations - could NZ office close?
Global bank is reviewing its operation as it cuts 35,000 staff.
How bad could it get for banks? The worst case scenarios
Reserve Bank governor Adrian Orr forecasts tough time still to come.
ASB Securities hit with $80,000 fine for 14-year privacy breach
The New Zealand Markets Disciplinary Tribunal censured the online share trading platform.
Jenny Ruth: RBNZ's awkward about-face on bank capital rules
The new bank capital rules have been deferred until July 1 next year.
How banks and insurers are coping amid the coronavirus economic fall-out
The Reserve Bank has released its six monthly financial stability report.
Funding for property development and subdivisions dries up
Developers will have to hold on until financiers feel more confident again.
Like Y2K again: Banks get ready for negative interest rates
Banks have to check everything from their legal documents to technology systems.
New record low: ASB hits back in mortgage war with 2.69% rate
Major bank cuts mortgage rate to new low.
Be wary of fishhooks in insurance industry's financial relief, Regulator warns
Will taking an insurance premium holiday cost you more later?
Mortgage wars: Home owners could save up to $70 a week
Savings to be had as banks slash rates.
ASB to phase out use of cheques
Kiwibank stopped accepting cheques in February, and Inland Revenue and ACC in March.
What bank bosses want to see in Budget 2020
What do bank bosses want to see in the Budget to help business?
Two more major banks ditch cheques
Number of customers using cheques has been steadily declining over the past five years.
S&P expects NZ banks' Covid-19 losses to peak at $4.7b
Similar comments made about Australia's four major banks, which own NZ's 'big four'.
Locked out: Westpac system crashes
Some customers have been locked out of their accounts for hours.
Tens of thousands of workers set to return to offices
Offices 'just like land-based cruise ships' - Calder
Liam Dann: Why this week is one of the biggest in NZ's economic history
With the surreal drama of lockdown almost behind us, the real economic grind begins.
Revealed: Just $23m of $6.25b Govt-backed loans made by banks
Take-up of the Business Finance Guarantee Scheme has been slow.
Mortgage wars: Record low - banks cut rates to less than 3 per cent
The is the first time interest rates have dipped below 3 per cent.
BNZ boss defends banking sector after govt criticism
BNZ boss Angela Mentis says banks are playing their part to keep businesses going.
ANZ loses bid to strike out action over ponzi scheme
Bank has strike out application dismissed.