Tougher new Kiwi regime on the way

Incentives based on sales targets will be banned and banks and other financial institutions will face fines for conduct breaches under tough new regulations soon to be introduced in New Zealand. read more

Aussie $100 vanishes

Relatively few $100 polymer Australian banknotes have been returned to the RBA for processing, the central bank admits in its Bulletin for September 2019. read more

Bank tax stacks

The revenue raised by the major bank levy is a minor disappointment for the Treasury and a major headache for the industry. read more

Industry banks on inertia: ACCC

"Transparency might be the answer," to the embedded anti-competitive tendencies in the banking industry, which trades on the "assumption of commercial inertia", the ACCC's Marcus Bezzi told a parliame.. read more

ANZ tops Kiwi's naughty list

It's been a very big year for bank culture and conduct issues said NZ Banking Ombudsman Nicola Sladden, introducing the annual report which showed it was also a big year for  complaints against t.. read more