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.
Hisco departs ANZ after expenses review
ANZ has confirmed the departure of New Zealand CEO David Hisco following an internal review into his personal expenses.
Servicing tests to slow house price growth
Tough serviceability tests from the banks will keep house price growth at "gradual" levels across the country, according to research firm CoreLogic.
More stories
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Prospa raises more than $100 million
SME lender Prospa, led in New Zealand by former Resimac general manager Adrienne Church, has completed a stock market listing in Australia, raising more than $100 million.
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Resimac slashes rates again
Non-bank lender Resimac has made significant cuts to its two and three year mortgage rates, as home loans become cheaper across the New Zealand market.
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Economists predict new record low for OCR
Economists at one of New Zealand's major banks believe lending rates could get even cheaper by the end of the year.
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SBS changes its broker model
SBS Bank is changing the way it distributes home loans through advisers which will see it slash the number of brokers it deals with.
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Customers sceptical about bank advice
Only 27% of New Zealanders view their bank as a place to get good financial advice, according to new survey from price comparison site Canstar.
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TSB sees mortgage growth
TBS Bank believes more customers "want to choose an NZ-owned bank" after it recorded home lending growth of 2.9% in the three months to March.
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Banks refuse to release submissions on RBNZ proposals
While Westpac has released its submission to the Reserve Bank on the proposed new capital requirements, the other big Australian-owned banks are refusing to follow suit.
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ANZ chair Key faces calls to resign
ANZ New Zealand chairman and former prime minister Sir John Key is facing calls to resign after the lender was censured by the Reserve Bank.
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Conrad Funds targets growth with mortgage fund
Non-bank mortgage lender Conrad Funds Management is looking to grow its mortgage book after opening up its fundraising to retail investors.
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ANZ New Zealand CEO takes extended sick leave
ANZ New Zealand CEO David Hisco is taking extended sick leave and stepping down temporarily from the top job.
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LVR restrictions to remain at current level: RBNZ
The Reserve Bank has decided against easing loan to value ratio restrictions, and believes current settings "remain appropriate for now".
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Golden rates age set to last
There’s no need to worry about interest rates in connection to mortgage debt for the next few years, according to Kiwibank’s chief economist.
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Commerce Commission investigates BNZ
The Commerce Commission has launched an investigation into BNZ over the bank's compliance with the Credit Contracts and Consumer Finance Act.
