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.

Today's Rate Changes
  • 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].