Latest from Banking

In the past three months, the price of the cryptocurrency bitcoin has fallen from about US$630 per bitcoin to $320 per bitcoin.

NZ has a "rock star economy" and surveys reveal high levels of business confidence, but what could make the economy run out of puff? Peter Lyons looks at the issue.

Chris Wilkinson was just 19 when he started in business, establishing what would become a chain of five one-hour photo stores around Wellington.

Upcoming changes to the NZ financial services industry pose significant security threats for consumers, banks and merchants, says an anti-fraud expert.

The NZ dollar dropped to a 13-month low today after figures confirmed the Reserve Bank intervened in foreign exchange markets last month in a bid to bring it down.

The NZ dollar fell to a fresh one-year low against the US amid speculation the RBNZ may have intervened to push down the value of the local currency.

Liam Dann offers up five reasons for economic gloom and five reasons for cheer.

People worldwide have opened 41 million bitcoin accounts, according to the Bank of England.

The NZ dollar slumped to its lowest in more than a year after RBNZ governor Graeme Wheeler jawboned it through a key support level of 80 US cents.

Reserve Bank Governor Graeme Wheeler says the NZ dollar is susceptible to a "significant downward adjustment," in a statement issued today.

Profits across the New Zealand banking sector were strong over the June quarter, driven in part by lending asset growth and improved interest margins, KPMG said in its latest quarterly performance survey for the sector.

Five years after the worst of the financial crisis, subprime loans are creeping back, this time primarily in the form of US auto loans.

The dollar declined on concern about slowing growth in China and after Fonterra cut its forecast payout to farmers.

What would you do if more than $100,000 suddenly appeared in your bank account? An Auckland man appeared in court yesterday over his ill-fated decision.

Consumer confidence has fallen in the Westpac McDermott Miller survey, reflecting less cheerful economic news and a flurry of interest rate rises from the Reserve Bank.

The NZ dollar gained after the incumbent National Party's election victory, instilling confidence in the administration's ability to continue pursuing its policy programme.

The dollar advanced after the incumbent National Party won an outright election victory at the weekend, reassuring investors that current economic policies would continue.

New Zealand financial markets are expected to firm when they open today after the National Party secured the first ever outright win.

The Kiwi dollar dropped to a seven-month low after the US Fed raised its expectation for the level of interest rates by the end of next year.