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Standard and Poor's has cut the stand-alone credit ratings for New Zealand's six largest banks because of the increased risks from Auckland's housing boom. read more

Banks face losing interest payments on more than NZ$300 million worth of loans to New Zealand state-owned coal miner for more than two and a half years under a proposal from the Government. read more

Commonwealth Bank of Australia's New Zealand division, which includes ASB Bank and insurer Sovereign, reported its net profit stalled in the second half of the financial year after dairy loan provisio.. read more

New Zealand banks are about to get some help in supporting mostly loss-making dairy farmers over the next year. read more

New Zealand's Labour Party has launched an all-out attack on the Big Four Australian banks' profits in New Zealand, saying they were making a mint from their customers and using their New Zealand arms.. read more

New Zealand Bankers' Association CEO Kirk Hope said bank profits were not high compared to other major companies operating in New Zealand. read more

Moody's Investors Service has maintained its stable outlook on New Zealand banks despite slowing economic growth and the risk a slump in dairy prices could worsen loan quality. read more

Banks that lent over NZ$300 million to New Zealand state-owned coal miner Solid Energy face big losses after the Government said receivership and eventual liquidation were viable options. read more

Reserve Bank of New Zealand Governor Graeme Wheeler has dampened speculation the Official Cash Rate could be cut quickly and deeply later this year, arguing the economy was still growing solidly and i.. read more

New Zealand Finance Minister Bill English has cautioned banks to be careful before pushing heavily indebted dairy farmers into receivership in case the resulting mortgagee sales trigger a self-defeati.. read more