Banking and finance
Bank-switching among mortgage holders hits record high
The Commerce Commission believes banks could still make it cheaper for customers to leave.
Latest from Banking
Stories and analysis from The Northern Express Herald.
ANZ customers experiencing difficulties with card transactions
The issue is only impacting online and fuel purchases.
Class action against ASB, ANZ could have 100,000 customers
The multimillion-dollar claim was filed in the Auckland High Court in 2021.
Editorial: Boosting Kiwibank a no-brainer but finding right investors key
OPINION: Outside investors in Kiwibank will need to have the right priorities.
Kiwibank CEO open to foreign investment; says bank might need more capital soon
The bank might need more capital in a few years' time if it keeps growing quickly.
‘Decade-long affair’ sparks legal battle at 160-year-old bank
Lender alleges former executive helped colleague secure large pay rises and promotions.
ASB cuts fixed mortgage rates
Bank moves a week after the Reserve Bank cut the official cash rate.
ComCom vs RBNZ: How will Willis divvy up the cost of insuring your savings?
Will she favour the approach of the Reserve Bank or the Commerce Commission?
Letters: Tuku Morgan blaming the wrong people for tense race relations
OPINION: Also in today's letters – the PM's shaky Aussie trip; how to tackle boy racers.
Political Roundup: The Big Four banks' oligopoly saved from radical reform
OPINION: 'Every day Kiwis are ripped off by the Big Banks.'
Inside Economics: Where to now for rates? Market odds v RBNZ forecasts
OPINION: Liam Dann on post-OCR cut fallout and a preview of big US Fed shindig in Wyoming.
Mortgage break fees: Businesswoman shocked at $15k charge to change banks
A reason to watch those rates: changing banks could cost thousands.
Nicola Willis responds to report calling for stronger Kiwibank, open banking
'Disruptive maverick' needed for the sake of consumers, watchdog says.
ComCom banking report due out – how will the Govt respond?
What's already been said and done to improve banking competition.
OCR coming down, how far will home loan rates fall?
Banks have already cut some rates.
Major bank slashes short-term home loan rates amid 'competitive environment'
Homeowners are the big winners as banks scramble to offer competitive rates.
'Complete and utter 180 u-turn': Mortgage relief for home owners in surprise OCR cut
The major banks immediately moved to slash mortgage rates after the OCR cut.
'Biggest flip-flop ever': Top economist slams Reserve Bank
Bank has cut the official cash rate by 25 basis points to 5.25%.
Prime Minister Christopher Luxon and Finance Minister Nicola Willis on the lower OCR
The Reserve Bank has cut the official cash rate by 25 basis points to 5.25%. It is the first cut since March 2020.
NZ stocks celebrate OCR cut with 2% gain
The market has given its verdict on the Reserve Bank's cut in the Official Cash Rate.
'Darkest before the dawn': Reserve Bank cuts OCR, banks slash rates
It's one of the most hotly anticipated interest rate calls this year.
Liam Dann: Rate cut signals victory in inflation war
Despite debate about grim May forecasts, the RBNZ looks to have landed in the right place.
‘Absolute tragedy’: Father died outside Parliament amid fight to save elderly mum’s waterfront home
A bank is forcing the sale after $40,000 mortgage arrears built up over three years.
ASB's profit comes off its peak, CEO’s pay package jumps
CEO Vittoria Shortt denies the bank's resilience is a reflection of risk aversion.
Would investors want to buy into Kiwibank if it had to stay NZ-owned?
Investors open to buying shares with conditions put on them — at the right price.
Scammer duped pensioners out of $337k in elaborate ruse involving 'covert' police sting, 'fake' currency
The scammer listened on the woman's phone 'from her pocket' when she visited the bank.
OCR explained: What can we expect, and what does the interest rate mean for you?
What exactly is the OCR and what are the experts predicting?
'A win': Banks strike cash settlements with scam victims who lost $400k
An elderly victim made 13 offshore money transfers to scammers with help from bank staff.
Nicola Willis open to making RBNZ ease bank capital rules
The Finance Minister is also seeking advice on a de facto 'bank tax'.
Opinion: Four reasons why selling part of Kiwibank could do more harm than good
OPINION: Any plans to part-privatise Kiwibank deserve close scrutiny.