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The strongest earthquake to hit near Wellington in 70 years shut down much of the capital's CBD on Monday, including most bank branches, but it is expected to open for business for Tuesday after che.. read more

The New Zealand Government is considering making it easier for first home buyers to withdraw more from their state subsidised retirement schemes to use as deposits to buy their first homes. read more

New Zealand's banks have already begun clamping down hard on mortgages with high loan-to-valuation ratios, ahead of the expected introduction of a "speed limit" on their growth by the Reserve Bank o.. read more

New Zealand general insurer Tower has disclosed to the stock market that it is in talks with its insurance regulator, the Reserve Bank of New Zealand, about a possible increase in its minimal solven.. read more

The Reserve Bank of New Zealand has advised banks informally that it will soon set a "speed limit" of 12 per cent for new mortgages with high loan-to-valuation ratios, say banking sources. read more

Commonwealth Bank's ASB has joined Westpac NZ in returning to the bond markets to issue floating rate notes. read more

Westpac NZ's issue of NZ$385 million of three-year floating rate notes this week was so well bid for by local fund managers that it achieved the tightest spread for a bank bond issue since the finan.. read more

Westpac New Zealand closed an issue of three-year floating rate notes early on Tuesday and set a price at the bottom end of its indicated range, suggesting strong demand after a relative drought of.. read more

The Christchurch earthquake rebuilding that is driving New Zealand's strong economic and lending growth hit a stumbling block on Monday when the Christchurch City Council was stripped of its accredi.. read more

In another sign the Reserve Bank of New Zealand is serious about using its new macro-prudential tools to slow riskier lending growth, it has argued the tools would had been very useful if applied du.. read more