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Banking and finance news
ANZ NZ's first-half profit edges up to $1.16 billion
Chief executive Antonia Watson says the flat result reflects the state of the economy.
NZ banks face repaying $9.2b in cheap Covid loans in coming months
The money was borrowed during Covid times at a very low interest rate.
Diana Clement: Simple steps to cut banking costs and save big
OPINION: Banks earn billions while Kiwis pay avoidable fees and interest.
‘State-house boy from Naenae’ to property magnate: Sir Bob Jones' colourful, controversial life
He didn’t suffer fools, loved boxing, smoked a pipe and liked to buy buildings on corners.
ASB and POLi strike deal - is the Govt's competition push working?
Deal marks a step towards open banking gaining scale.
'We are here to help': ASB offers relief measures for weather-hit customers
Bank says it will pause home loan repayments for up to three months.
The offspring: How heirs to Kiwi family fortunes earn their keep
Meet the heirs of New Zealand's wealthiest families.
On The Up: Atomic set to blast into Australia, UK, fuelled by Rod Drury
Start-up has already signed up big names in NZ - and is now looking to the UK.
Game on: NZ Cricket's bold deal to transform the Black Caps' future
A New Zealand Cricket-backed T20 franchise could be based in Toronto or Atlanta.
'Couldn't get his story straight': Playboy businessman's fall from grace
Prosecutors claim New Zealand victims bankrolled private jet and a Spanish football club.
US Treasury bonds are being sold off. Here’s why it’s concerning
A new, unsettling red flag.
Law change could quash 150,000-person strong class action against ANZ and ASB
Bank customers could miss out on hundreds of millions in compensation.
$6.6t rout: US stocks plunge for second day as China retaliates, Fed issues inflation warning
The US$6.6t two-day rout is only rivalled by 2020's pandemic meltdown and the GFC
Fraud convictions see lawyer struck off
Law Society action follows guilty plea to mortgage fraud charges.
Borrow-against-your-provisional-tax firm Taxi wins law change, reveals numbers
The small business-focused start-up bags its first two corporate clients.
Housing glut: Auckland’s biggest agency has record unsold stock
Some Auckland vendors had begun to expect higher prices, REINZ said of February data.
Failed buy-now-pay-later operator Laybuy relaunches under new owner
Laybuy went into receivership last year.
Billions sitting idle: Should banks be more proactive to help us earn interest?
A closer look at which banks prompt customers to get more bang for this buck.
RBNZ to review controversial bank rules, championed by Adrian Orr
Decision comes as banks lobby for loosening of rules.