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For the first time in 20 years the New Zealand Government has formally put up for tender its main banking contract that handles over NZ$448 billion of transactions annually. read more

The Reserve Bank of New Zealand has stuck to its hawkish forecasts for another 150 basis points of rate hikes over the next 18 months, surprising markets and pushing the New Zealand dollar to a fresh.. read more

New Zealand regional bank TSB Bank has reported a six per cent fall in annual net profit after it was forced to take losses on a loan to state-owned coal miner Solid Energy. read more

The Reserve Bank of New Zealand has declared its controversial speed limit on low deposit mortgages a success after six months, saying it had worked broadly as expected to moderate the risks to the ba.. read more

The Reserve Bank of New Zealand has said it may ease its restrictions on low deposit mortgages as early as the end of this year. read more

New Zealand's Commerce Commission has called for any remaining farmers concerned about the way they were sold interest rates swaps products to come forward with complaints. read more

National Australia Bank's Bank of New Zealand first half net interest margin eked out a 3.4 per cent rise in cash profits, while it increased lending 5.2 per cent and kept a tight lid on costs. read more

Westpac New Zealand's core earnings rose just three per cent in the first half from the same half a year ago as a margin squeeze almost completely offset a six per cent rise in lending and tight cost.. read more

ANZ's New Zealand operation reported a 27 per cent rise in cash profit in the first half year, more than double that of its Australian parent. read more

New Zealand's main opposition party has proposed a broadening of the Reserve Bank of New Zealand's targets and the addition of a variable compulsory savings rate to take pressure off interest rates an.. read more