Court extends fees case deadline 30 October 2013 6:44PM New Zealand's High Court has given ANZ customers more time to sign up to a class action against the bank. The dispute stems from allegations that they were overcharged for cheque dishonour fees, una.. read more
RBNZ against exemption for new building 25 October 2013 5:54PM Reserve Bank of New Zealand governor Graeme Wheeler has given his first media interview in more than a year in the job, defending the bank's controversial limit on low deposit lending and rejecting ca.. read more
KiwiSaver default market opens for BNZ, Westpac NZ 18 October 2013 5:49PM The New Zealand Government's decision on Thursday to appoint as many as 10 default KiwiSaver fund providers has given NAB's BNZ and Westpac a chance to elbow their way back into the KiwiSaver default.. read more
Complaints about NZ banks rise 17 October 2013 5:52PM New Zealand's Banking Ombudsman Scheme reported a 16 per cent increase in cases in the 2012/13 financial year, as complaints about smaller banks increased and awareness of the scheme improved. read more
RBNZ sceptical on supply surge 16 October 2013 5:50PM The Reserve Bank of New Zealand has warned a planned surge of new house building to address an over-valued housing market would take longer than the Government expected and may increase inflationary p.. read more
Westpac NZ pulls mortgage pre-approvals 15 October 2013 5:49PM Westpac New Zealand is withdrawing pre-approvals for some mortgage customers with high loan-to-valuation ratios, joining Commonwealth Bank's ASB in a move to try to slow lending to meet a Reserve Bank.. read more
Resimac NZ tightens criteria 14 October 2013 6:04PM Faced with a deluge of requests for low deposit loans, Resimac New Zealand announced a tightening of its lending criteria on Friday, and an increase in margins for those loans with the lowest deposi.. read more
Non-banks eye New Zealand expansion 11 October 2013 6:06PM Australian non-bank mortgage lenders, such as Resimac and Pepper, are looking to ramp up their New Zealand businesses to take advantage of the new Reserve Bank of New Zealand limit on low deposit lo.. read more
RBNZ takes on its critics over speed limits 03 October 2013 4:40PM Reserve Bank of New Zealand governor Graeme Wheeler has taken the unusual step of defending his controversial speed limit on low-deposit loans in his own opinion piece in the country's largest newspap.. read more
New Zealand's franking credits push 01 October 2013 4:03PM New Zealand Prime Minister John Key will again push this week for Australia to re-open talks on the Trans-Tasman streaming of franking credits, a practice that would benefit Australian shareholders.. read more