Banking and finance
Major bank to start limiting lending against flood- and slip-prone property
The move comes as questions remain over how exposed banks are to underinsured property.
Latest from Westpac Banking Corporation
Stories and analysis from The Northern Express Herald.
1 in 3 Kiwis have less than $500 in savings, Aucklanders fare worst
A finance expert says it is a concern that people don't have emergency funds on hand.
Westpac economists tip strong economic growth as recovery accelerates
Economists at Westpac believe GDP will grow by 3.3% this year.
Money Talks: ‘Deeply uncomfortable’ - Westpac CEO on $2.4m salary made public
Listen: 'I recognise that I get paid a lot of money,' Catherine McGrath says.
Rate whiplash: ASB, BNZ hike long fixes but trim six-month home loans
ASB has cut its six-month home loan rate by 20bps to a 'market-leading' 4.65%.
Why is Westpac lifting interest rates?
Westpac Chief Economist Kelly Eckhol explains the bank's decision to increase interest rates despite OCR cuts.
New Reserve Bank Governor responds to Westpac hiking interest rates, despite OCR cut
Westpac has hiked its longer-term mortgage and term deposit rates by 30 basis points.
Major banks cut mortgage rates after Reserve Bank slashes OCR to 2.25%
The Reserve Bank's Official Cash Rate now sits at 2.25% after a 25-point reduction.
'Spending hangover': Black Friday warning ahead of busy shopping week
Shoppers are warned to stick to their spending limits and look past the sales hype.
'I get paid a lot of money': Banker's $2m salary doubles over year
The chief executive of Westpac's salary is 55 times the average Kiwi's.
Bank introduces lowest advertised mortgage rate on the market
The move puts it ahead of its competitors, which are offering one-year rates of 4.49%.
Bank cuts fixed-term mortgage rate with now-lowest 18-month deal
It comes a week and a half after the Reserve Bank cut the OCR down to 2.5%.
Two more banks drop home loan rates after OCR cut
Kiwibank and BNZ have followed moves by other retail banks yesterday.
Banks rush to cut mortgage rates after big OCR drop
It follows a string of pre-emptive cuts by banks to fixed-term rates last week.
Westpac holds $10/kg milk price forecast despite softer dairy auction
Higher world production is putting downward pressure on Global Dairy Trade prices.
BNZ cuts mortgage rates to match rivals ahead of OCR announcement
All major banks have been cutting their home loan rates ahead of tomorrow's OCR decision.
Two more banks drop fixed mortgage rates to 4.49% ahead of OCR move
Westpac and ASB join ANZ and BNZ in cutting their one-year rates.
Money Talks: ‘Deeply uncomfortable’ - Westpac CEO on $2.4m salary made public
Listen: 'I recognise that I get paid a lot of money,' Catherine McGrath says.
Will NZ or Australia be the economic winner in years to come?
Australia's unemployment rate remains low, while New Zealand's is above average.
Banks start dropping mortgage, savings rates after OCR cut
The Reserve Bank today cut the Official Cash Rate from 3.25% to 3%, suggested more on way.
Rate-cutting merry-go-round: More banks cut mortgage rates
Kiwibank and Westpac are the latest to match rivals in lowering their home loan rates.
NZ’s largest taxpayers revealed - does big business play fair?
Thirteen companies each pay more than $100m in annual income taxes.
Final big bank drops home loan rates after OCR cut
Westpac announced changes to its six-month and one-year rates today.