Latest from Banking and finance

Negative equity warning for home buyers: Rising interest rates test NZ’s financial resilience

Some borrowers who bought houses in 2021 are now in negative equity.

Banks would withstand extreme housing market crash

The Reserve Bank has been "stress testing" how banks would cope in a severe scenario.

The big corporate where only 70% of workers can come into the office

Hybrid working has become more of a permanent shift for some businesses.

ANZ CEO defends record profit and warns of 'dark clouds' ahead

The bank is keeping a close eye on rising interest rates and unemployment.

ANZ NZ profit up 20 per cent to $2.3 billion

Consumers' desire for normality and strong property market boosted the bank.

Higher rates for savers keep coming

But depositors will still be going backwards after inflation is taken into account.

Kiwi banker Ross McEwan on how to solve the labour crisis

McEwan says some of the fallout from Covid lockdowns is still to come.

More banks move to increase interest rates

Some mortgage rates are now over 7 per cent.

FMA seven-fund warning: How industry responded

'We will update our systems and processes after this warning': Matthew Horncastle.

Life insurer penalised $700k for misleading customers

"Real harm" after failing to correctly pay cover to some sick or disabled customers.

'Red flags': Pensioner loses fortune, suffers heart attack after bank accounts hacked

Thieves used the bank's secure messaging function to change victim's cell phone number.

Andrew Barnes: 14 years on from the GFC, have we learned anything?

Opinion: Many rules are wayward or let people with better lawyers act with impunity.

Complaints rise over subscription payment cancellation problems

Recurring direct debits can not be canceled by your bank.

Life insurance payouts to wronged customers climb to $43m in four years

And the regulator believes there will be more to come.

Bank profits dip slightly but remain near record levels

Strong rise in net interest income as margins have increased.

Through the roof: Number of $2m-plus mortgages doubles in three years

D-Day looming in next six to 12 months if interest rates rise, Centrix says.

Businesses a 'lucrative target' for scammers, expert warns

And new versions of common scams are continually emerging.

ANZ chief exec Antonia Watson on facing down imposter syndrome

Top bank CEO admits: "I've never lent a dollar in my life."