Kiwibank slashes 1% from floating rates; Newpark seeks investment; ICBC cut;

Kiwibank cut all floating rates by 1% yesterday, putting pressure on its big four rivals to do the same. New borrowers can access the rates from Monday: [READ ON] 

Newpark is seeking investments from “strategic shareholders” as it positions itself for its 10-year plan, amid changes in the life insurance sector: [READ ON]

Meanwhile, Chinese bank ICBC has cut its one-year rate to 2.58%, effective this morning. 

To compare the latest rate changes, have a look at our rates table.