RBNZ reviews banks' risks
The risks that banks face which are outside their normal trading activities are being reviewed by the central bank.
Borrowers looking to longer terms thanks to Covid
The discovery of a new strain of Covid-19 is making home buyers even more cautions than they already were, according to a longstanding Auckland mortgage adviser.
Old company with a new name
A new name on the lending circuit, Xceda Finance, is actually an old company with a new mission. [With product matrix].
Westpac's governance problems detailed
Westpac NZ has been pinged by the Reserve Bank (RBNZ) for having insufficient banking expertise among its board of directors.
Adrian Orr: We put our best foot forward
Hundreds of thousands of mortgage holders could get a shock as rising interest rates start to bite in the next 12 months.
Reaction to OCR hike
The base interest rate is going up by 25 basis points to 0.75%
RBNZ hikes rates, and promises more
[What the bank said] The Reserve Bank has increased the official cash rate in a bid to reduce monetary stimulus.
More stories
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RBNZ adds new option to DTI consultation
The Reserve Bank (RBNZ) has started consultation on debt-to-income ratios, but added a new, and more sensible option.
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ANZ too clamps down on low-deposit loans
ANZ has joined BNZ and Kiwibank in cutting back on low-deposit loans for houses.
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Banks need to make CCCFA easy for advisers: Gough
Banks, finance companies and mortgage advisers are gritting their teeth and bracing for mountains of paperwork as the (not so) brave new world of credit legislation starts next week.
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BNZ has further toughened its lending criteria
It will not lend money to owner-occupiers who do not have at least a 20% deposit. An exception will be made for newly-built property.
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Will it be a 25 or 50 basis point rate increase this week?
Economists are sure the Reserve Bank will increase the official cash rate this week, but are divided on the size of the increase.
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Heartland increase HER LVR
Heartland Bank has increased the LVR limits on its reverse mortgages for the first time in 17 years.
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Calls for responsible lending qualifications for advisers
The Financial Services Federation (FSF) says it is trying hard to overcome shortages of staff in its sector.
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BNZ gets more business from advisers, but that may change
Mortgage advisers are writing an increasing share of BNZ's home loans but that may change following its decision to implement debt-to-income limits on the channel.
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BNZ's profit up 74%
In the latest full year result, the Bank of New Zealand (BNZ) has unveiled a 74% rise in its statutory net profit, to $1.32 billion.
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No jab, no job - legal rights in the workplace
Covid-19 and its highly infectious delta variant are coming to a workplace near you and it's important for everyone in financial services to know what they can and can't do in the interests of workplace safety.
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Everett fires back at Drylie
The former head of the Financial Markets Authority (FMA) says he has little sympathy for complaints that banks are being strangled in red tape.
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Westpac forecasting an even higher OCR
Westpac has increased its forecast for the official cash rate to 3%.
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Reserve Bank gives more details on DTIs
The RBNZ has moved a lot closer to bringing in Debt to Income (DTI) limits on loans.
