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Investors rushed the first large volume local bond issue last week. Westpac launched a benchmark, five-year issue with an indicative price of 95 basis points over swap/bank bills. read more

Heartland New Zealand announced a deal to buy Australasian reverse mortgage specialist Australian Seniors Finance for NZ$87 million in cash and shares from Quadrant Private Equity and other investors. read more

Kiwibank is planning to announce a deal to change its core computer system over the next three years. read more

Strong term deposit margins and tight cost control helped Commonwealth Bank's New Zealand ASB subsidiary increase cash earnings by 12 per cent, to NZ$393 million, in the first half-year from the sam.. read more

A New Zealand class action against penalty fees charged by ANZ and Kiwibank is to be boosted by similar class actions against National Australia Bank's BNZ, Commonwealth Bank of Australia's ASB and.. read more

National Australia Bank's BNZ will become the first of the Big Four banks to use the New Zealand government's RealMe service for identity verification, allowing users to open transaction accounts on.. read more

New Zealand's Banking Ombudsman has warned customers against using unsecured Wi-Fi networks when doing their online banking after a New Zealand couple lost hundreds of thousands of dollars to frauds.. read more

Australian Prime Minister Tony Abbott has agreed to include the issue of mutual recognition of franking credits with New Zealand in his Government's forthcoming Tax Reform White Paper. read more

Lawyers involved in bank penalty fee class action cases in New Zealand said the Australian Federal Court ruling would provide important guidance for the cases currently before the Auckland High Cour.. read more

Westpac New Zealand will trial both Google Glass and Apple's iBeacon technology for the Westpac Group from the end of this month. The New Zealand unit of Westpac has become something of a test-bed f.. read more