Banks scrap sales incentives
New Zealand's banks have committed to ending sales incentives for frontline staff and their managers following pressure from regulators.
Reserve Bank orders ANZ reviews
The Reserve Bank has ordered two independent reviews into ANZ New Zealand "to provide assurance it is operating in a prudent manner".
OCR Preview: Economists predict rates will hold
Economists say the Reserve Bank will keep the Official Cash Rate on hold next week, despite mounting global uncertainty and weak growth in New Zealand.
Resimac takes over data entry for advisers
Non-bank Resimac is taking over data entry for home loan applications to make the process more simple for advisers.
Bank of mum and dad backing first home market: Westpac
More than half of Kiwi parents would give their children an interest-free loan to help them onto the property ladder, according to a survey from Westpac.
Rates limbo; Are you happy with getting Level 5?
We've been a little quiet with our weekly TMM newsletters so thought it was time to get them going again. Here's a wrap of last week's news and some thoughts on what's happening in the market.
Banks scrap sales incentives
No rate changes today after BNZ's cuts yesterday.
There's some interesting news from the lenders, as the Financial Markets Authority and Reserve Bank announced "all banks" have committed to removing front line sales incentives. Find out more here: [READ ON].