Sub-4% rates over for SBS, TSB

Two smaller banks have followed the big four in ending their sub-4% special rates, as mortgage rates creep up to more normal levels. 

BNZ pledges $3.8 million after error

BNZ is set to refund more than 10,000 mortgage customers after making a series of errors with documentation.

HSBC one year rate down to 3.79%

HSBC has cut its special one year fixed mortgage rate to 3.79%, as lenders dive in to the low interest rate environment.

D-day looming for bank conduct report

The Financial Markets Authority (FMA) and Reserve Bank will be releasing their report into bank conduct and culture in New Zealand banks on Monday.

KiwiBuild extends to Mt Albert

The Ministry of Housing and Urban Development is building 18 new KiwiBuid apartments in Mt Albert, Auckland, as the government-backed housing scheme ramps up.

Kiwibank changes special

Kiwibank has decided to raise rates for its 2 year fixed term loan by 16 basis points.

Treasury to begin consultation on second phase of RBNZ review

The Treasury will start consultations on the second phase of a review of laws governing the Reserve Bank in November.

Co-op shares $2.1m with customers

The Co-operative Bank has shared out $2.1 million of profit with customers as part of its annual rebates payout.

RESIMAC unveils self-employed specials

Non-bank lender RESIMAC has introduced rate cuts and new products for the self-employed as it targets more business rejected by the major banks.

Bank of China gains New Zealand branch license

The Reserve Bank of New Zealand has registered Bank of China to provide lending services in the country. 

NZCU Baywide revamps banking system

Credit union NZCU Baywide has launched a new technology system across its branch and online banking network.

No bite in bank ad complaint

Avanti head of ops up for big award

PAA AGM cancelled due to lack of interest