Financial Markets Authority takes ANZ to court
The Financial Markets Authority has filed court proceedings against ANZ New Zealand over issues with credit card repayment insurance policies.
Simplicity launches 2.5% floating rate
KiwiSaver provider Simplicity has launched a 2.5% floating rate mortgage for first home buyers, becoming the cheapest home loan in New Zealand.
New record low mortgage rate at 2.8%
China Construction Bank has slashed its one year mortgage rate to just 2.8%, becoming a new record low for the New Zealand market.
ANZ capital failings highlighted
ANZ New Zealand failed to control internal processes concerning its capital modelling systems, according to new report.
TSB one-year falls to 3.09%
TSB is the latest bank to slash fixed rates after the Reserve Bank's emergency OCR cut last week, cutting its one year rate to 3.09%
ASB matches 3.05% rate
ASB is the latest bank to slash fixed rates, matching ANZ's one year price of 3.05%.
SBS and HSBC latest to cut floating rates
Two more banks have slashed fixed rates following the Reserve Bank's emergency Official Cash Rate on Monday.
More stories
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Financial Markets Authority takes ANZ to court
The Financial Markets Authority has filed court proceedings against ANZ New Zealand over issues with credit card repayment insurance policies.
-
Simplicity launches 2.5% floating rate
KiwiSaver provider Simplicity has launched a 2.5% floating rate mortgage for first home buyers, becoming the cheapest home loan in New Zealand.
-
New record low mortgage rate at 2.8%
China Construction Bank has slashed its one year mortgage rate to just 2.8%, becoming a new record low for the New Zealand market.
-
ANZ capital failings highlighted
ANZ New Zealand failed to control internal processes concerning its capital modelling systems, according to new report.
-
TSB one-year falls to 3.09%
TSB is the latest bank to slash fixed rates after the Reserve Bank's emergency OCR cut last week, cutting its one year rate to 3.09%
-
ASB matches 3.05% rate
ASB is the latest bank to slash fixed rates, matching ANZ's one year price of 3.05%.
-
SBS and HSBC latest to cut floating rates
Two more banks have slashed fixed rates following the Reserve Bank's emergency Official Cash Rate on Monday.
-
Resimac moves into asset finance
Australian non-bank lender Resimac has moved into the asset finance sector with the acquisition of finance company IA Group.
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Westpac given all-clear on capital
Westpac New Zealand has retained its accreditation to use its own capital model after completing a "remediation process" enforced by the Reserve Bank.
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LVR rules could be permanent: Bascand
LVR restrictions on mortgage lending could be a "permanent setting", according to Reserve Bank deputy governor Geoff Bascand.
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I hope you can help me fundraise $20,000 to help mend broken hearts
The Co-Operative Bank chief executive David Cunningham is aiming to fundraise $20,000 to help mend broken hearts. Here's his message:
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BNZ finds partner for shared ownership scheme
BNZ has partnered up with finance company YouOwn on a shared ownership scheme aimed at first home buyers.
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Capital rules to have minor impact on interest rates: RBNZ
The Reserve Bank believes its capital adequacy proposals will only have a "minor impact" on borrowing rates, amid fears they will cause rates to increase significantly.
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Key RBNZ changes edge closer
The Reserve Bank has moved closer to putting its "dual-mandate" employment and price stability objectives into law, and has taken further steps to establish a Monetary Policy Committee to make key decisions.
