Court extends fees case deadline

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

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

Complaints about NZ banks rise

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

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

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

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

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

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

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