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More banks have followed the price leadership shown by ASB Bank in hiking floating home loan rates but so far no bank has raised deposit rates. read more

Allied Farmers has put on hold its rights issue plan as the company hopes to resolve the concerns raised by the trustee of its finance arm Allied Nationwide by infusing capital into the company. read more

Allied Nationwide suspended its prospectus after the company received notice from its trustee about a breach in a financial ratio. read more

ANZ National has won a ruling from the Employment Relations Authority for NZ$1.28 million recoverable from a former employee who caused losses to the bank by approving inflated mortgages as part of.. read more

Nearly a week after the Reserve Bank of New Zealand announced a cash rate hike of 25 basis points, ASB Bank became the first bank to follow up with a corresponding increase in its floating mortgage.. read more

ASB has confirmed it will wind up nine of its funds on September 30 after indicating in April that such plans were in the offing. read more

Allied Farmers, the parent of Allied Nationwide Finance, will seek to raise NZ$19.3 million via a rights issue. The company needs a higher level of equity to meet a new equity covenant applicable on.. read more

After initially refusing to offer any pay rise, Westpac in New Zealand has relented to the demands of Finsec, with the bank now offering an annualised pay increase of 3.14 per cent for a term of 16.. read more

Asset Finance doesn't have the benefit of a government guarantee or a strong credit rating but the company has proved it can withstand the tough environment currently faced by finance companies in N.. read more

The Inland Revenue Department has signalled it will scrutinise structured financing deals undertaken by financial institutions for themselves and for their clients. read more