Time for strong medicine: How central banks got tough on inflation
The world's most-watched central banks are finally stamping down on a surge in inflation. But this week it became clear that they know this comes at a cost.From the UK, where the Bank of England raised interest rates for the fifth... 
© 2022 NZ Herald Sun, 19 Jun 11:58am Melbourne man loses $700k to 'sophisticated' investment scam
A group of "sophisticated" and "well-resourced" fraudsters are conning highly educated and financially savvy Australians out of their life savings by posing as investment arms from some of the country's biggest banks.Four victims...
© 2022 NZ Herald Tue, 7 Jun 12:12am Banks begin hiking mortgage rates post OCR
ANZ and Kiwibank have both lifted mortgage and deposit rates today in the wake of last week's big OCR hike.Kiwibank was the first to move this morning , lifting its headline rate for a two-year fixed mortgage to 5.19 per cent per...
© 2022 NZ Herald Mon, 30 May 3:33pm Budget 2022: Government confident 'record' health spend will address inequities
Government ministers are hailing a "record" spend-up on health they say, over time, will address long-standing health inequities that see Māori die on average seven years younger.But those involved in commissioning Māori...
© 2022 NZ Herald Thu, 19 May 4:17pm Trust in banks is being eroded, Consumer NZ says
Only half of New Zealanders trust their bank and three-quarters think their bank is charging too much, research from Consumer New Zealand shows.The consumer advocacy group's annual bank satisfaction survey also found almost all...
© 2022 NZ Herald Wed, 13 Apr 11:12am Banks' handling of home loan applications stirs protests
Complaints about bank lending-related matters rose sharply in the last three months of 2021, according to the Banking Ombudsman.Latest data indicates complaints about home loans rose 24 per cent and about credit cards by 19 per...
© 2022 NZ Herald Fri, 1 Apr 8:29am Record profit: NZ banks made over $6 billion in 2021, KPMG report
Despite battling the second year of a global pandemic banks operating in New Zealand collectively made more than $6 billion in 2021, according to a report by KPMG.Its Financial Institutions Performance Survey of banks found net...
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Government locks in CCCFA changes; banks want lending rules relaxed even more
Banks are calling on the Government to relax new consumer lending rules more than it already is. The Government on Thursday confirmed it will loosen rules, under the Credit Contracts and Consumer Finance Act (CCCFA), as it said...
© 2022 NZ Herald Thu, 9 Jun 4:08pm Bank dividend restrictions lifted
A restriction that stopped banks from paying out a full dividend to their shareholders will be lifted from July.The Reserve Bank of New Zealand stopped the banks from paying out any dividends in March 2020 at the start of the global...
© 2022 NZ Herald Thu, 2 Jun 10:13am  Kiwis now trust supermarkets less than banks, Consumer research
Kiwis now trust supermarkets less than the banking industry, research by Consumer New Zealand has found.The percentage of those who said they did not trust supermarkets has risen from 17 per cent in June last year to 32 per cent....
© 2022 NZ Herald Fri, 27 May 8:48am The Front Page podcast: 'Significant correction under way' - Who will be hit hardest by house price falls?
Westpac last week predicted that house prices would decline by 15 per cent over the next two years, striking the gloomiest note we've seen so far from the major banks. Independent economist and frequent OneRoof contributor Tony...
© 2022 NZ Herald Tue, 10 May 5:20am  Reserve Bank creates public register of rule breaches by banks
The Reserve Bank has created a new public register documenting episodes of "material" breaches by banks of the rules under which lenders are regulated.The register would "aid transparency of compliance with key bank prudential requirements,"...
© 2022 NZ Herald Thu, 24 Mar 11:16am
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