Banking

A majority of Finance and Expenditure Committee members want the Reserve Bank to scrap all further increases in bank capital requirements and establish an independent committee to make prudential policy more market friendly

A majority of Finance and Expenditure Committee members want the Reserve Bank to scrap all further increases in bank capital requirements and establish an independent committee to make prudential policy more market friendly

Heartland posts a $46.9 million underlying June-year profit and targets $85 million for FY2026

Heartland posts a $46.9 million underlying June-year profit and targets $85 million for FY2026

Kiwibank posts a 5% lower $191 million profit as slimmer margins battle strong loan growth

Kiwibank posts a 5% lower $191 million profit as slimmer margins battle strong loan growth

Live-stream of the August 2025 RBNZ Monetary Policy Statement press conference with Governor Christian Hawkesby

Live-stream of the August 2025 RBNZ Monetary Policy Statement press conference with Governor Christian Hawkesby

All eyes will be on Heartland Bank's key reverse mortgage product when it reports annual results on August 21

All eyes will be on Heartland Bank's key reverse mortgage product when it reports annual results on August 21

Analysts seek details on a series of key issues in upcoming ANZ strategy day

Analysts seek details on a series of key issues in upcoming ANZ strategy day

ASB's flat June-year profit saw expense growth keep pace with income

ASB's flat June-year profit saw expense growth keep pace with income

The RBNZ wants the $420 billion-a-month bank-owned High Value Clearing System brought under its supervision

The RBNZ wants the $420 billion-a-month bank-owned High Value Clearing System brought under its supervision

The Co-operative Bank says a planned core system upgrade could allow it to grow personal banking

The Co-operative Bank says a planned core system upgrade could allow it to grow personal banking

Morgan Stanley analysts say ANZ, CBA and NAB grew mortgages 'broadly in line with system' in the first six months of 2025, while Westpac lagged; CBA reporting results soon

Morgan Stanley analysts say ANZ, CBA and NAB grew mortgages 'broadly in line with system' in the first six months of 2025, while Westpac lagged; CBA reporting results soon

Financial Markets Authority says Kiwibank overcharged thousands of customers a total of close to $1 million between 2011 and 2024

Financial Markets Authority says Kiwibank overcharged thousands of customers a total of close to $1 million between 2011 and 2024

Finance Minister Nicola Willis has given Kiwibank permission to sell a stake of its business to local private investors in a $500 million equity raise

Finance Minister Nicola Willis has given Kiwibank permission to sell a stake of its business to local private investors in a $500 million equity raise

Macquarie analysts say economic modelling implies that the particularly strong bank share market performance in 2024 was not supported by macro fundamentals, with a record deviation between the modelled and actual performance

Macquarie analysts say economic modelling implies that the particularly strong bank share market performance in 2024 was not supported by macro fundamentals, with a record deviation between the modelled and actual performance

The RBA says it’s in the public interest to scrap the surcharge system and estimates consumers could collectively save A$1.2 billion annually. But like all major financial reforms, the devil is in the detail

The RBA says it’s in the public interest to scrap the surcharge system and estimates consumers could collectively save A$1.2 billion annually. But like all major financial reforms, the devil is in the detail

Investment researcher Morningstar says the Aussie banks are overpriced - but ANZ represents the best value despite risks hanging over it

Investment researcher Morningstar says the Aussie banks are overpriced - but ANZ represents the best value despite risks hanging over it