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21 Apr 2021

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Mortgage broker Squirrel offers home loans for buyers with 5 per cent deposit
Lender says its loans level the playing field for first-home buyers with good incomes but not enough deposit to meet banks' demands.

Banks phasing out use of cheques is simply poor form
OPINION: For most of us, cheques are a quaint relic - but for some they're incredibly useful.

Ticket Rocket creditors told to try their banks for chargebacks on unredeemed tickets
Ticket holders from 100 events are owed more than $240,000 from the failed ticketing company.

The banks' little known KiwiSaver secret for worried investors
OPINION: Worried bank KiwiSaver customers don't know they can get free financial advice from ther bank.

Reserve Bank eases dividend restrictions on banks
New Zealand's banks will now be allowed to pay up to 50 per cent of their earnings out in dividends after the Reserve Bank eased restrictions.The RBNZ blocked the banks from paying out dividends to their shareholders in April last...

Which is the most complained-about bank?
New data offers insight into customer concerns about banks.

New Zealand on track to reduce unregulated merchant fees
Banks in New Zealand charge up to 10 times higher in merchant fees than other countries because there are no regulations. One Blenheim woman has had enough and is taking them on.

Who's to blame for housing unaffordability?
OPINION: Our bureaucratic masters think forcing banks to increase the loan to value ratio is a good idea. It's not.

Three major banks shut branches across Auckland
Three major banks have closed all their Auckland branches for today while others only have selected branches open after the city moved into an alert level 3 lockdown overnight.ASB, BNZ and Kiwibank have all decided to close up their...

Vodafone, Kiwibank pull advertising from Magic Talk after racist comments endorsed by host John Banks
One cultural adviser says it's time for those of John Banks' ilk to step aside from influential positions in broadcasting.

Economist suggests strategy to cool the hot housing market
Banks should be forced to hold more capital against investor mortgages pushing up the interest rate to help cool the property market, an economist believes.Jarrod Kerr, chief economist at Kiwibank, said the rampant run in the housing...

Record-breaking dry conditions biting North Canterbury, Banks Peninsula farmers
Some Canterbury farmers are being forced to get rid of stock at a significant financial cost as record dry conditions look likely to continue.

Opinion: Central banks should not target house prices
The worldwide fall in interest rates over the past two decades has caused a runaway boom in house prices. Therefore, it makes sense to raise interest rates so houses become affordable again. The first of these statements is almost...

Consumer NZ: Look into banks' 'money for jam'
Watchdog says problems found at ANZ are just the start.

Banks' pledge $5 million to support budget mentors
Money will train budget mentors, but won't gag outspoken fincap.

Prospa survey reveals access to finance one of the biggest pain-points for growth amongst Kiwi SMEs
Access to capital from banks and traditional lenders has always been difficult for small businesses, but it has never been more important says fintech Prospa's general manager.

Investors plead with ASB's rival banks not to restrict loans for new builds
It's wrong to require 40 per cent deposits from investors on new builds, they say.

Does talkback radio have a future?
OPINION: Mediaworks has distanced itself from John Banks. But does talkback still have a place?

John Banks axed from MediaWorks' Magic Talk show over Māori 'stone age culture' comments
Originally published by The Spinoff Vodafone, Kiwibank and Spark have suspended advertising on Mediaworks' Magic Talk radio station as talkback host John Banks is taken off air. Alex Braae reports. In an alarming segment of...