ANZ NZ to offer $250m in preference shares to bolster balance sheet
ANZ New Zealand is raising $250m to meet more stringent Reserve Bank requirements.
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Latest from Banking and finance
Cashback war: BNZ offers up to $20k back for home loan borrowers
But borrowers will have to take out a loan for $2 million to get the full cashback.
Tesla on the house? Low interest rate offer for energy efficiency loans
But you must have your mortgage with the bank.
Christopher Niesche: Neobank Volt's exit a blow for all Aussie bank customers
Volt was one of a handful of neobanks promising to challenge the Big Four.
Editorial: Choppy waters ahead for home-loan borrowers
EDITORIAL: There's a lot more pain to come for borrowers.
Business confidence slumps again, profit outlook 'dire', says ANZ
The latest ANZ Business Outlook survey shows labour shortages are still the top concern.
Third major bank curtails mortgage lending to those with small deposits
Banks tighten up as they come close to exhausting their high-risk lending allowances.
Bank profits hit another quarterly record - but one makes a loss
But tougher conditions expected to be felt in the second and third quarters.
Tighter criteria: Interest-only housing loans declining
'The effect will be catastrophic. How does this work for people who are suffering?'
Explainer: Why home loan rates are rising so quickly
And are set to rise even further.
ASB Bank predicts record $10/kg milk price for 2022/23
It would be the first double-digit milk price on record if it comes to pass.
ANZ hikes interest rates for second time in a month
The bank has put the changes down to a significant rise in wholesale rates.
Conflict of interest? Director tied to Kiwibank contracts to RBNZ
Concern raised over a contractor to the Reserve Bank's ties to Kiwibank.
GDP slump: Why we're not halfway to recession ... yet
The economy will rebound from the Omicron slump, but the real pain may still be to come.
Lights on, empty floors: Auckland's ghost towers
Empty floors in three key office towers make up 45 per cent of CBD vacancies.
How to spot the latest banking scam
Scammers have moved on to phone calls to extract money from the public.
'Another bloodbath': House prices slump again in May for sixth straight month
New data from REINZ shows house prices sank further in May.
Insurer to pay $180k for legal breaches connected to credit card-repayment insurance
The Financial Markets Authority says ruling sends message of responsibility to industry.
Watch: 'This is where it gets a bit crazy' - Kiwis warned about sophisticated scam
NZ children's book author Malcolm Clarke has posted a viral video warning of the scam.
GDP preview: Early bets in on path of economic growth
Economists say the first quarter was tough as Omicron kept people home.
TSB profit rises 7pc, bank pays out $12.5m dividend
The bank recorded a rise in home lending but a fall in agricultural and personal lending.
Lower kiwi dollar keeps export prices strong despite falls
The ANZ Commodity Index shows export prices rose in currency-adjusted terms.
ASB mistakenly tells KiwiSaver members they have made no contributions
The message was sent to members even if they had been contributing.
More opportunities for first-home buyers, SBS Bank boss says
SBS Bank has lent money to 850 first-home buyers during the year.
Global inflation boosts NZ's terms of trade as food prices spike
Rising food prices outpaced rising energy costs to drive a rise in NZ's terms of trade.
Hold-out Auckland sellers swipe listings from market
"Sales prices are definitely starting to fall, but not dramatically" - Peter Thompson.
Bank dividend restrictions lifted
From July banks will be able to pay out a full 100 per cent dividend.
ANZ: Residential construction sector 'deteriorating rapidly'
The ANZ Business Outlook survey shows inflation may be peaking but pressure still intense.
Major New Zealand banks lift mortgage rates after OCR hike
Retail banks have started hiking rates in the wake of last week's hawkish RBNZ call.
Deloitte says Westpac NZ has made progress on liquidity risk management
RBNZ says it expects Westpac will build on its momentum to date.
Market close: NZ shares slide again, down 16% for the year
The S&P/NZX 50 Index slipped from a strong morning of trading.
OCR rise: 'Day of reckoning' coming for borrowers of $160b
Around $160 billion of fixed-rate housing loans come up for review in the next year.
Liam Dann: Bad news for borrowers as RBNZ gets tough on inflation
The RBNZ's big commitment to beating inflation looks like bad news for mortgage holders.
Kiwibank makes biggest branding investment in a decade
The bank is looking to stay in tune with cultural changes across NZ.