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Latest News

ANZ lifts floating, flexi mortgage rates

Updated
ANZ follows OCR hike with increases to floating and flexi mortgage rates, introduces term deposit 'special'; ASB hikes floating rates & 2 deposit rates

RBNZ hikes, but signals pause

Updated
RBNZ signals "period of assessment"; NZ$ drops to 86 USc after Wheeler warns it could fall a lot; Pause may last til March; Door seen opening for NZ$ intervention

Super age a trust issue, says English

Updated
Government's retirement age policy of 65 more an issue of trust now, rather than policy, English says; Future Govt without Key may change that, he says

Taxman's view on bitcoin

IRD says bitcoin should be treated in the same manner as foreign currencies for tax purposes

Westpac goes solo with digital wallet

Updated
Westpac trialling host card emulation mobile contactless payments where customers' card detail is stored in the cloud; Won't be part of TSM launch that's set for Q4 of this year

Fair Play on Fees cases on ice

Exception fee cases against ANZ and Kiwibank on hold pending outcome of appeal in Aussie ANZ case

HSBC cuts 1, 2 & 3 yr mortgage rates

HSBC introduces lowest carded 3-year mortgage rate, is for the bank's "Premier" customers

Responsible lending, different for different lenders?

MBIE's Responsible Lending Code discussion document outlines choice between the certainty of prescription and benefits of flexibility

Responsible Lending Code on way

Consumer Affairs Minister Craig Foss seeking submissions on proposed Responsible Lending Code; Banks want 'flexibility'

Harmoney granted 1st P2P licence

Updated
Harmoney the first peer-to-peer lender to obtain a licence from the FMA; Launch coming soon; Potential revolution in personal lending & savings market is born

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