Westpac

Electronic cards data for April shows that hospitality, durables and consumables spending rose in the month, but the apparel industry is still doing it tough

Electronic cards data for April shows that hospitality, durables and consumables spending rose in the month, but the apparel industry is still doing it tough

The Co-operative Bank tops bank customer satisfaction survey, with Consumer NZ highlighting low bank switching rates

The Co-operative Bank tops bank customer satisfaction survey, with Consumer NZ highlighting low bank switching rates

ICBC cuts both its 6 month and 1 year fixed home loan rates, setting them well below everyone else in a way that is sure to grab attention and add a competitive bite to the mortgage market

ICBC cuts both its 6 month and 1 year fixed home loan rates, setting them well below everyone else in a way that is sure to grab attention and add a competitive bite to the mortgage market

API fees are a tariff on open banking competition, Prosaic's Nick Houldsworth says

API fees are a tariff on open banking competition, Prosaic's Nick Houldsworth says

Westpac NZ CEO Catherine McGrath says global economic uncertainty means 'there's more risk to the downside than the upside'

Westpac NZ CEO Catherine McGrath says global economic uncertainty means 'there's more risk to the downside than the upside'

Westpac NZ ekes out half-year profit rise, with CEO saying it's 'competing hard to grow'

Westpac NZ ekes out half-year profit rise, with CEO saying it's 'competing hard to grow'

New mortgage rate cuts from Kiwibank show the most likely market reductions in May may come in the longer fixed terms

New mortgage rate cuts from Kiwibank show the most likely market reductions in May may come in the longer fixed terms

Labour market figures to be released in the coming week are likely to show a continuation of the recent rise in unemployment. David Hargreaves has a look at what we might expect

Labour market figures to be released in the coming week are likely to show a continuation of the recent rise in unemployment. David Hargreaves has a look at what we might expect

In new rural banking trial, Westpac NZ is sending a van between regional towns

In new rural banking trial, Westpac NZ is sending a van between regional towns

Morgan Stanley analysts outline their expectations for half-year results from 3 of the big 4 Australasian banks

Morgan Stanley analysts outline their expectations for half-year results from 3 of the big 4 Australasian banks

As term deposit offer rates sink, real after-tax, after-inflation yields are vanishing. Taxpayer guarantees reducing the risk premiums aren't helping. Savers are barely breaking even, making short term TD's a poor investment

As term deposit offer rates sink, real after-tax, after-inflation yields are vanishing. Taxpayer guarantees reducing the risk premiums aren't helping. Savers are barely breaking even, making short term TD's a poor investment

Home loan rates are being inched lower in response to competitive pressures and uncertain loan demand. BNZ's latest reductions match other rivals who moved recently, with a little extra cut for an 18 month term

Home loan rates are being inched lower in response to competitive pressures and uncertain loan demand. BNZ's latest reductions match other rivals who moved recently, with a little extra cut for an 18 month term

ANZ pushes down term deposit rates, seemingly confident rivals will follow even though the gap with those rivals is unusually wide. Kiwibank follows with comprehensive cuts. Low loan demand bolsters their shift

ANZ pushes down term deposit rates, seemingly confident rivals will follow even though the gap with those rivals is unusually wide. Kiwibank follows with comprehensive cuts. Low loan demand bolsters their shift

New round of retail interest rate cuts starts, and it is savers who will be paying for the reductions in home loan rates. All the influences on wholesale rates are negative

New round of retail interest rate cuts starts, and it is savers who will be paying for the reductions in home loan rates. All the influences on wholesale rates are negative

Stats NZ says retail card spending fell 0.8% last month, while separate data showed the services sector remained in contractionary mode

Stats NZ says retail card spending fell 0.8% last month, while separate data showed the services sector remained in contractionary mode