Revolut applies for NZ banking licence
Fintech hopes licence will enable it to offer new products and enhance consumers' trust.
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Latest from Banking and finance
Retirement village dispute: Race, gender prejudice cited, residents lost
Fight over weekly fees charged by the operator had morphed into something else: decision
FMA welcomes High Court decision on CBL
The FMA has welcomed a decision on the estate of former CBLC director Alistair Hutchison.
Payments company Wise says Kiwi SMEs are held back by foreign exchange fees
Wise is calling for changes to transparency around foreign exchange fees.
Banks roll out new scam protection tool: How confirmation of payee will work
How it works, what you'll see, and when you'll likely get it.
Kiwibank fined $1.5 million for breaching Fair Trading Act
The bank identified and self-reported the issues to the commission at the time.
NZ Herald Live: Christopher Luxon and Nicola Willis speak on OCR news
Christopher Luxon and Nicola Willis speak to media on the OCR news
Nadine Higgins: How to navigate the low equity minefield in NZ home loans
OPINION: Low-deposit borrowers face higher rates as banks reflect greater lending risks.
Banks blame red tape for behind the ball on innovation
Reserve Bank says leaving banks to their own devices hasn't worked.
Ernie Newman: Why NZ's banks resist open banking - a call for change
OPINION: Calls for stricter deadlines to boost competition and benefit consumers.
Matthew Hooton: Willis ready to take on banks to boost productivity
OPINION: Economic and fiscal forecasts demand more aggressive reform.
India’s copycat drugmakers gear up to offer cheaper weight-loss drugs
Financial Times: 'When the generics come in there will be a huge price war.'
Nike tries to get back in the race as sneaker sales gather pace
Financial Times: Athletic footwear thrives as consumers seek wider choice of brands.
Tech Insider: Start-up raises $12m for its new way of business banking
PLUS: One NZ gets 'cell tower-in-the-sky' green light, LinkedIn's new take on AI.
China to borrow more to shore up economy, boost banks
Financial Times: Minister of Finance Lan Fo'an gave few details on the amount of funding.
Better times ahead? NZ yield curve points to improved outlook
New Zealand's yield curve has continued to steepen after the RBNZ's rate cut this week.
‘Cutting leeks’: Beijing sparks a retail stock trading frenzy
Financial Times: Small investors have already been burnt by wild price swings.
US inflation fell to 2.4% in September
Financial Times: Figures for headline and core rates marginally surpass expectations.
Banks set date to introduce key anti-scam measure, reimbursement question still hanging
Watchdog says it's 'shameful' banks took so long to introduce confirmation of payee tech.
Will savers be stung more than borrowers benefit from falling interest rates?
Banks could profiteer from the changing interest rate environment.
Germany expects economy to shrink in 2024 after cutting forecast
Financial Times: Skills shortage, red tape, infrastructure deficit hamper growth.
US weighs Google break-up in landmark antitrust case
Financial Times: Justice Department could seek ‘remedies’ such as forced product sales.
'Double whammy': OCR cut delivers mortgage relief but potential job losses dampen mood
Interest rates are now expected to drop steeply into the new year.
Chorus of OCR cut cheer drowns out message of tough times ahead – Liam Dann
OPINION: Central banks don't slash rates unless economies are in serious trouble.
Thinking of breaking your mortgage? What you need to know
'The more you chase perfection, the worse your returns can be.'
Battery makers aim to ease EV anxieties with 5-minute charge
Financial Times: Industry says superfast charging for electric cars is on its way.
Star backing: Cliff Curtis gets on board with build-to-own newcomers Bloxx
Is build-to-own the solution to unaffordable housing?
Water demand will surge because of wars and tech, says utility boss
Financial Times: Floating desalination plants and thirsty data centres stir up water.
Jarden Wealth Weekly: Future-proofing your retirement - how much is enough?
OPINION: The initial phase of retirement is often the most active and vibrant.
Saudi tycoon plans comeback with world’s tallest tower
Financial Times: Long-stalled project among a flurry of glitzy real estate deals
Oil prices head higher on Middle East tensions
FT: Brent crude rose almost 10% amid talk of Israeli or Iranian strikes on energy assets.
Oil surges after Joe Biden’s comments on Israeli retaliation
Financial Times: US officials expect a response measured enough to avoid escalation.
Top shale boss says US ‘unusually vulnerable’ to Middle East oil shock
Financial Times: Magnate blames Biden for decision to drain strategic oil reserve.
Amazon to increase number of advertisements on Prime Video
Financial Times: Amazon steps up push into ad-funded streaming services in 2025.