RBNZ creates Banking Forum

The Reserve Bank of New Zealand has announced the creation of a Banking Forum to coordinate the work of Government agencies regulating banks read more

NZ's Paymark plans online EFTPOS

New Zealand's bank-owned payments processor Paymark has announced plans to launch an online version of EFTPOS that would allow bank customers to use a digital token to buy online or through a mobile p.. read more

Westpac NZ, BNZ set for class action

The Fair Play on Fees Campaign announced it would lodge court documents in the Auckland High Court on Wednesday to start legal action against Westpac New Zealand and National Australia Bank's BNZ over.. read more

ASB sacrifices home loan share

Commonwealth Bank of Australia's New Zealand unit ASB has reported an 11 per cent increase in annual cash net profit thanks to an improvement in net interest margin and continued cost control. read more

Westpac NZ CEO resigns after heart operation

Westpac New Zealand chief executive Peter Clare has resigned from the bank after an operation to correct a pre-existing heart condition. The surprise departure has opened up a plum role in Australasia.. read more

RBNZ hikes, pauses and warns on NZD

The Reserve Bank of New Zealand has tightened monetary policy for the fourth time in five months, lifting its Official Cash Rate 25 basis points to 3.5 per cent, its highest point since January 2009. read more

RBNZ details prudential review

The Reserve Bank of New Zealand has given more detail on a planned one-year review of its prudential regulation for banks and non-banks, including a look at how efficient its rules are after a swathe.. read more