Latest from Banking and finance

The catch with Westpac's extra leave for staff

The leave will need to be used within a year and cannot be accrued or paid out.

Watch: FMA warns investors about wholesale schemes

If investors had any concerns around these issues "they should just walk away" - FMA.

No patience left: Kiwibank customers vent as online services go down again

The bank's online bank and app services have been down multiple times in recent weeks.

FMA moves against Du Val Group on $20m fund

Financial Markets Authority is yet to announce any action against Du Val.

Pandora Papers: Lebanon went broke while leaders stowed wealth

Elite ruled over one of the worst economic meltdowns in decades while acquiring property.

Liam Dann: Why the OCR had to rise, despite lockdown pain

A rate hike now, as pandemic bites, is unsettling but hints at bigger problems to come.

Brace yourself for more mortgage interest rate rises

Borrowers are going to have to divert more money towards paying their mortgages.

Building sector leads slump in business confidence, says NZIER

The latest Quarterly Survey of Business Opinion still provides "green light" for OCR hike.

Liam Dann: Lockdown call signals longer grind for economy

While changes mean more freedom for families they offer no fresh hope for business - yet.

Liam Dann: Whatever happens next, the elimination strategy is already a success

Changing a strategy doesn't make it a failure, writes Liam Dann.

Theresa Gattung: Banks lead the way with women-to-leadership ratio

Opinion: Our top companies are still largely governed by Pākehā men.

Westpac confirms McGrath as new NZ chief

Catherine McGrath will take the position vacated by David McLean.

Lending clamp down another blow for first home buyers

Tighter loan to value ratio restrictions will come into force from November.

Credit card repayment insurance offers 'poor value'

Regulator warns insurance holders to review their use.

Strong quarter for bank profits but lockdown brings uncertainty

Rise in mortgage lending has fuelled strong bank profits.

The 90% Project: Businesses incentivise 25,000-plus staff to be jabbed

"Vaccinations are the best tool we have to plot a path back to normality", says one CEO.

Liam Dann: GDP a bitter-sweet reminder of alternate economic reality

GDP points to interest rate hikes ahead once we're through the looking-glass of lockdown.

'Treacherous trio of scams': Markets watchdog issues warning about Covid-19 exploitation

Scammers and fraudsters are exploiting the Covid-19 crisis and economic climate.