Consumers unsatisfied with bank advice
Nearly half of consumers are unsatisfied with the quality of advice they get from the big banks, according to a new survey from watchdog Consumer NZ.
Price wars to support property market: CoreLogic
Mortgage rate wars will underpin property market growth following a "sluggish" start to the year, according to research firm CoreLogic.
Capital requirements a risk to growth: ANZ
The Reserve Bank's proposals to force banks to keep extra capital could be a "significant headwind" to the economy and reduce the availability of credit, according to ANZ economists.
Industry shakeout good for advisers
Regulation will lead to a reduction in adviser numbers in the coming years, a positive for those remaining in the industry, according to leading industry figures.
ANZ goes green with healthy home discount
ANZ is offering up to 1% off loans for new build properties that meet sustainability and energy efficiency requirements.
Resimac takes on banks with big cuts
Non-bank lender Resimac has waded into the mortgage price war with a series of aggressive rate cuts.
NZ banks could face $21bn capital shortfall
New Zealand banks could be left with a $21 billion capital shortfall under the Reserve Bank's new capital rules, according to research from investment bank UBS.
More stories
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Westpac, ANZ, TSB ramp up offers
ANZ has cut its one year special to 3.95% while Westpac has cut its three year rate below 4%, as prices continue to plummet for Kiwi borrowers.
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Westpac latest to predict May OCR cut
Westpac economists are the latest to change their minds on the OCR, predicting the Reserve Bank will cut rates next month.
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Avanti targets adviser channel with BDM hire
Non-bank lender Avanti has promised more support for the adviser channel following the appointment of a new BDM, as it expands its range of products.
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Green light for new financial advice regime
The Financial Services Legislation Amendment Bill has passed its final hurdle, clearing the way for a new legislative regime for all financial advisers.
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Price war heats up with ASB move
Homeloan rates continue to fall in the wake of the Reserve Bank's OCR comments and weak business confidence numbers this week. ASB has slashed its three, four, and five year interest rates, joining rivals in a competitive race for borrowers.
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Australian non-bank Pepper eyes NZ
Aussie non-bank giant Pepper is plotting a move into the New Zealand market, joining a growing list of alternative lenders.
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A Prospa NZ success story
When catering business Baker & Son found it difficult to access funds from traditional lenders, Prospa was there to help. Find out how this family-run business used a Prospa loan to expand and upgrade their kitchen, and deliver more sweet treats to customers around Auckland.
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Economists change their mind on next OCR movement
Economists believe the Official Cash Rate could be cut as soon as May or August, following the Reserve Bank's comments last week.
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Bank targets criticised
Bank targets for mortgage advisers cause more damage to customers than adviser commissions, according to lender Southern Cross Partners.
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Reserve Bank stuns economists with OCR cut prediction
The Reserve Bank has surprised economists by stating the next OCR move is "likely to be down" due to slowing domestic and global growth.
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OCR Announcement: Here's what Orr said
The Reserve Bank has kept the OCR unchanged and says the next move is likely to be down. Find out why in the Governor's statement here.
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CoreLogic targets turnaround times
CoreLogic has launched an online platform it claims will help digitise the mortgage approval process and speed up home loan applications.
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Investor slump continues in February
The latest Reserve Bank figures show investors borrowed just $886 million in February, down on the same month in 2017 and 2018, as first home buyers narrow the gap.
