Banking News

ANZ profits to be cut by $A559m in the second-half of 2019

ANZ takes a hit for customer remediation charges

Profit for second-half of 2019 to be slashed by $A559m.

Tensions continue to rise in Hong Kong.

Video emerges of a Hong Kong protester viciously beating Chinese banker

Protesters damaged many shops and Chinese banks.

Banking

Extinction Rebellion protesters superglue themselves to Wellington bank

It's the latest action in a day of civil disobedience.

RBNZ has asked for two reports from ANZ.

Sir John Key may be forced to resign from banking role

He is the chairperson of ANZ New Zealand and sits on the board of its parent bank in Australia.

New Zealand Bankers Association chief executive Roger Beaumont was on The AM Show.

Farmers welcome regional banking hubs trial

"We need banks to support rural customers and act responsibly."

Banking

Banks to trial 'hubs' in regions hit by lack of branches

The banks agree not to close any branches outside of main centres during the trial.

Watch: Auckland organisers Gwyneth Parallag and Sarah Paton-Beverley speak to The AM Show.

The NZ businesses closing their doors to support the climate strike

Some are giving their staff long lunches, a meeting-free day or shutting up shop altogether.

Money guru David Boyle spoke to Duncan Garner about the insurance industry.

Govt targets banks, insurers in major financial services crackdown

They'll be forced to "treat their customers fairly" - or else.

Watch: Sam Stubbs talks Greta Thunberg and Jacinda Ardern.

Jacinda Ardern told to 'get angry' like Greta Thunberg

"Take the lead and get genuinely visibly angry."

Newshub Explains: How first home buyers can get a foot on the property ladder.

How to stop buying your dream home turning into a nightmare

There are some common mistakes that should be avoided.

The man will be sentenced next month.

Canterbury banker who 'mistakenly' had sex with sleeping woman facing jail

He has been found guilty of sexual violation.

A complaint about a Kiwibank advert has been rejected by the ASA.

Complaint about 'Muslim friendly' Kiwibank advert thrown out

"This is not a Muslim country," the complainant said.

Watch: Hundreds of New Zealanders fall victim to latest phone scam.

BNZ customer refuses to admit online lover is a convicted fraudster

The victim claims the woman has "genuine intentions".

Watch: How to pay off debt if you don't have a kind bank like Chase.

US bank cancels all debt on Canadian credit cards

"It's kind of like I'm being rewarded for my irresponsibility," said one customer.

Banking

The secret to getting a bank loan

How to make yourself more attractive to banks.

Mortgage rates are already at record lows and banks are moving quickly to cut them even further.

Elderly expected to be hit by OCR cut

The financial situation of some retirees could change dramatically.

Mortgage rates are already at record lows and banks are moving quickly to cut them even further.

The lowest home loan interest rates to emerge after OCR cut

But are banks passing on the full cut?

The Reserve Bank is expected to slash the official cash rate on Wednesday.

Mortgage broker reveals the best way to pay off your debt

The Reserve Bank is expected to slash the official cash rate on Wednesday.

Westpac has apologised.

Westpac refunding $7m to around 93,000 customers

The bank has apologised for overcharging customers millions.

Hands in handcuffs

Kiwi banker admits receiving millions in illegal payments

The fallout from his fraud scheme triggered a default on Mozambique's sovereign debt.

Economist Cameron Bagrie told The AM Show low interest rates are a bad sign for the economy.

Economist delivers zero interest rate warning

While low or zero interest rates would benefit those still paying off their mortgages, it would also be a sign that the global economy is in a dire state.

Westpac.

Commerce Commission takes Westpac to court

It says the bank failed to provide customers with key information.

Banking

'Preying on the vulnerable': Moola accused of irresponsible lending practises

It's angered the Commerce Commission - and ordinary Kiwis.

Banking

Credit card companies accused of ripping Kiwis off

"I think it's time that credit cards came down across the board."

RBNZ has asked for two reports from ANZ.

ANZ under Reserve Bank scrutiny

It needs to show it has been operating in a prudent manner.

Watch: Simplicity managing director Sam Stubbs explains why ANZ KiwiSaver investors should be asking questions.

Why ANZ KiwiSaver investors should be demanding answers

Sam Stubbs is calling for a Royal Commission of Inquiry.

The proposed Farm Debt Mediation Bill would force lenders to go easy on farmers.

Debt mediation bill gets thumbs up from farming groups

"Mediation between farmers, their families and banks will only be good for rural communities."

Watch: John Key on The AM Show.

Hisco's family member used chauffeur-driven cars - source

The source said Hisco wasn't using the car.

Banking

ANZ expenses debacle warrants independent investigation

The handling of the internal investigation looks a bit cosy, writes Duncan Garner.

Watch: A Newshub report on the incident.

Financial bosses on watch after Hisco's shock departure - expert

It was revealed the ANZ CEO wrote off personal expenses on the business.