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New Zealand's Privacy Commissioner has criticized credit reporting agency Veda Advantage for charging what it said were unreasonable and unlawful fees for urgent requests for information from consumer.. read more

ANZ, HSBC and Westpac have been awarded market-maker roles in directly convertible trades between the New Zealand dollar and Chinese renminbi. read more

The New Zealand subsidiaries of the Big Four banks are joining in with the latest rash of tier two note issues. read more

The Reserve Bank of New Zealand has increased its Official Cash Rate by 25 basis points and lifted its forecast track for short-term interest rates by as much as 50 basis points by early 2017. read more

New Zealand's biggest discount department store group, The Warehouse, has announced plans to build its own financial services arm offering credit cards, insurance and layby payments. read more

ANZ NZ has reported a 33 per cent rise in its December 2013 quarter net profit as the late 2012 merger of its ANZ and National brands helped drive costs seven per cent lower and stronger economic grow.. read more

Reserve Bank of New Zealand governor Graeme Wheeler has told a conference of banking regulators from the Asia Pacific that larger countries should support regulators in smaller countries wanting to cu.. read more

Kiwibank has announced it is likely to spend more than NZ$100 million over the next four years changing from the Ultracs-based system it adopted when it launched in 2002 to a SAP-based core banking sy.. read more

Kiwibank has reported a 10 per cent fall in its first half profit because of tight net interest margins and higher compliance costs due to new anti-money laundering rules. read more

ANZ New Zealand announced on Friday it would issue NZ$400 million of four year medium term notes at 90 basis points over the applicable swaps rate. read more