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Kiwibank

Mortgage competition heats up

Two major banks come late to the mortgage rate reduction party but bring some of the lowest rates with them, boosted by falling swap rates

ASB reduces rates then Kiwibank trumps them

Updated
Bank's vie for lowest-rate claim in rapid-fire mortgage rate reductions in the key one and two year terms, following wholesale rates down

Rabobank customers still most satisfied

ASB overtakes BNZ in Roy Morgan major bank customer satisfaction survey, still trails Kiwibank

S&P hybrid warning

Standard & Poor's says bank issuance of high yielding hybrid securities weakens their capital and earnings quality

Banks launch funding scheme for leaky units

Banks launch an escrow-based scheme to manage payment of repairs to leaky multi-unit complexes

Another spring mortgage rate reduction

Kiwibank slices 20 bps off its standard one year fixed home loan rate, reducing it to 5.79%

'Kiwibank must be supported'

NZ First calls for 'urgent action' to develop New Zealand owned and operated banks

Rabobank top of the pops again

Rabobank comes in first in Roy Morgan's financial services sector customer satisfaction survey for 2nd straight month

ANZ talks fees

Each lender is unique so there can't be a 'one size fits all' approach to whether fees are reasonable, ANZ says

SBS Bank reclaims market leading position

Two days out from the next RBNZ OCR review, SBS Bank cuts its three year mortgage rate to 5.89%, the lowest in more than a year