Kiwibank to be sentenced in October over misleading customers
Some charges related to fees or interest for 'member package' agreements.
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Latest from Banking and finance
‘If you try to make a show for everyone, you make a show for no one’
Financial Times: Netflix content chief Bela Bajaria presides over a US$17 billion budget.
China's economic growth slows in second quarter
Financial Times: China has grappled with weak consumer demand and a property slowdown.
Christopher Luxon vows to name and shame China over spying
Financial Times: Luxon says he wants to raise business awareness of the threat.
Crackdown: Buy now, pay later providers to start doing credit checks
Buy now, pay later is to become more heavily regulated.
Liam Dann: Are we winning the inflation battle? Verdict due this week with CPI data out
Consumer Price Index data should confirm whether November rate cut hopes are on the mark.
Nvidia could reach US$50 trillion market cap within 10 years, says top tech investor
Financial Times: Early Tesla and Amazon backer James Anderson sees chipmaker’s potential.
Rudy Giuliani’s bankruptcy case thrown out by US judge
Financial Times: Former Trump lawyer failed to be transparent about his finances.
Unilever to slash a third of office jobs in Europe
Financial Times: Shareholders are pressuring consumer giant to boost growth.
BNZ resolves issue that caused app outage
BNZ apologises for inconvenience caused to customers.
Major bank drops mortgage rates, term deposits
The first bank moves to drop home loan rates after the Reserve Bank signals 'dovish' tone.
Novelist Emily Perkins on why ‘we’re always drawn to stories about the unhappy rich’
Lioness author talks to Liam Dann about money art and the economics of writing.
El Cheapo Cars in trouble with Commerce Commission
Watchdog says borrowers did not get information about their car loans.
World’s largest oil company bets on the enduring power of petrol
Financial Times: Company says combustion engines will be here for ‘very, very long time'.
User growth at X stalls after Musk takeover and rise of Meta’s Threads
Financial Times: Social media group suffers slowdown as its owner divides audiences.
Tesla and Musk antagonists face off over multibillion-dollar lawyer fee
Financial Times: ‘Real-life lawyer joke’ and ‘clown show’ barbs swapped.
Hurricane Beryl strikes at heart of US energy industry
Financial Times: 'Dirty side of a dirty hurricane' presents challenges to infrastructure.
‘Five straight months of negative growth’: Auckland house values continue down
Chilly weather matches a particularly cold Auckland market for house sales and values.
Bernard Looney plots Abu Dhabi comeback from BP scandal
Financial Times: Adnoc’s Sultan al-Jaber has discussed projects with Looney.
Pilita Clark: The new normal of office life
FT opinion: As working from home persists, companies rethink the role of offices.
US consumer goods companies are losing upper hand on pricing
Financial Times: Ones that imposed relentless post-pandemic price hikes reaching limits.
Mortgagee sales on the rise as homeowners 'let it all go too long'
Interest rates, insurance costs, council rates tip some homeowners into difficulty.
OCR preview: No mercy – why RBNZ won't rush to soften its stance
Economists expect a hawkish RBNZ update, despite growing expectations of early cuts.
UK financial markets pin hopes on political stability
Financial Times: City of London pinning hopes on stability from the new UK Government.
Active bond ETFs are atracting investors
FT: Exchange traded funds that invest in hand-picked bonds have proven popular.
How much cash would it take for you to quit your job?
Financial Times: What kind of stimulus cheque or tax break could push people to quit jobs?
Tesla cars put on local Chinese government’s purchase list for first time
Financial Times: Announcement comes as Elon Musk’s group faces increasing competition.
Treasury boss Caralee McLiesh won’t seek reappointment
The Finance Minister values her 'positive working relationship' with the Treasury boss.
More hope for early rate cut as ASB economists change forecast
Gloomy economy has lifted expectations for November rate cut.
Jeff Bezos to offload $8 billion of Amazon stock
Financial Times: Tech giant’s biggest shareholder offloading huge chunks of Amazon shares.
Wellington Zoo attracts record visitors, so why is it losing money?
The zoo is aiming to introduce new experiences to boost revenue.
Paula Ryan manufacturer and outlet store in liquidation with $1m owing
The company, which made the clothes and sold them at NorthWest, has gone under.
Young workers living with parents should contribute financially, adviser says
More young people are staying at home until they are in their twenties.
Google emissions jump nearly 50% over five years as AI use surges
Financial Times: Energy-thirsty AI threatens tech giant’s ambition of reaching ‘net zero’.