Latest from Banking

KiwiSaver tax credits cost around $800 million a year but careful analysis by Treasury economists on household finances can find no evidence it has boosted accumulation of wealth.

A West Auckland man who ripped off a pensioner for $67,000, stole his smoke alarms and was set to change his will has been jailed for more than two years.

When a bank teller accidentally transferred $140,000 into the account of an Auckland chef, "temptation proved too much".

The NZ dollar held near a seven-year high against the yen before services sector and retail sales figures that are expected to show the domestic economy continues to grow apace.

A New Zealand citizen who lost his bank job to a man seconded from India says he is "living proof" temporary migrant workers are stealing Kiwi jobs.

Auckland house prices have hit a new high and national sales volumes rose 11.8 per cent last month in a big spring resurgence.

The Reserve Bank is eyeing measures to discourage speculators from buying multiple houses as it acknowledges its loan-to-value ratio (LVR) restrictions have favoured investors.

Fonterra Co-operative Group shareholders used their annual meeting in Palmerston North to raise concerns over the reduced 2015 milk payout.

The Reserve Bank is eyeing measures to discourage speculators from buying multiple houses - acknowledging LVR restrictions have favoured investors.

At least 4500 kiwis hoping for an end to mortgage restrictions will have to wait longer before they can buy a place, a financier has calculated.

Banking may be increasingly moving online but The Co-Operative Bank is pushing to expand its branch presence, particularly in Auckland.

As ANZ's unionised staff seek a pay rise of 2 - 3 per cent, it's been revealed their NZ boss has enjoyed a solid pay rise of nearly 14 per cent, taking him to $4.7m.

ANZ New Zealand chief executive David Hisco has enjoyed a solid pay rise, with his total remuneration lifting almost 15 per cent to $4.7 million.

The New Zealand share market pushed higher to a new record high at midday today. Here are four reasons why.

Finger print identification, a standard feature on new iPhones will soon be common place, a visiting biometrics expert says.

The New Zealand share market has continued its record-breaking run, with the NZX50 Index hitting its highest ever point.

New Zealand businesses are planning a "fighting fund" for a pro-TPP campaign once a deal is finished and in the public arena, Prime Minister John Key was told.

Loan to value ratios on bank mortgage lending could be in for a change this week when the Reserve Bank releases its financial stability report.