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Banking and finance news
Why 56-level $300m+ Seascape tower is abandoned for seven months
Court decision in November prohibited the builder from acting till the paperwork was done.
Card payments: Unlikely contenders unite in call for surcharge ban
Deadline day in push to lower fees.
Steven Joyce: How the Reserve Bank can get back on track
The next governor should focus on traditional central banking roles.
Willis gets advice on overriding controversial RBNZ rules championed by Orr
Finance Minister says some deregulation could boost the economy.
Who could replace Adrian Orr as Reserve Bank Governor?
As Orr departs, what's next for interest rates and the future direction of the RBNZ?
Mansons wins non-notification for $650m Auckland office build
Cliff-top site above Fanshawe St looks towards Viaduct Basin and the Wynyard Quarter.
‘All offers considered’: Vacant $74m Takapuna plot up for grabs after liquidation
Company in receivership and liquidation owes a Smale family entity $76.2m: report
Opinion: Why Labour’s banking claims ring hollow
Credit unions felt ignored by Labour during financial reforms.
Four months, still no buyers: PwC trying to sell Du Val properties
Bare land ready for unit development and a multi-level apartment block are still for sale.
Bank switching among mortgage holders hits record high
Floating or going short term makes it easier for borrowers to change bank.
Property Insider: Questions about ‘defective’ apartments
How can it be that 19-year-old apartments need $36.6m repairs or $82m rebuilding costs?
Apartment developer declares insolvency owing $3.76m
Unexpected cost rises, Covid delays, cooling market blamed for development failure.
'Shocked': Kingsland Apartments owners get $36m minimum fix-up bill
Owners of 2-bedroom places get three choices: $350,000, $643,000 or $800,000 fix-up bill.
ANZ follows rivals, cutting mortgage and savings rates
Bank's one-year fixed mortgage rates particularly competitive.
QV figures: How much has your home lost since the market peak?
We can't say 'peak to trough' because we don't yet know if we have hit rock bottom.
Du Val entity funnelled $6.7m to 8 affiliates amid $4.6m tax debt
The loans were made to eight Du Val entities and were all unsecured.
Mortgage wars: Another major bank cuts home loan rates as competition heats up
Kiwis can now get 5.99% six-month rates from three major banks.
Major bank cuts key home loan rate
One of New Zealand's major banks has moved early to cut home loan rates.
‘Full throttle’ - IRD steps up January liquidations for unpaid tax
Inland Revenue confirmed a busy start to the year with the number of court applications.