Latest from Banking and finance

Heartland profit better than expected but dividend cut

Heartland Group has reported a full year profit for the year to June 30.

Editorial: NZ's biggest fall in GDP won't tell real story

Today's fall in GDP will be better than initially expected and the worst in NZ history.

Heartland secures new funding for reverse mortgage business

Deal will allow Heartland to continue expanding in Australia.

How to run a bank from home: BNZ's unfazed boss

Angela Mentis says she started work at 4.30am while in Australia under the first lockdown.

Negative cash rate could dent confidence, Westpac boss warns

The Reserve Bank of New Zealand has continued to signal its intention to go negative.

Trading company, NZ director guilty of financial register misuse

Pegasus Markets Ltd also ignored a warning by the New Zealand Companies Office.

Kiwis' $766 million Bonus Bond windfall

The average amount taken out so far is $12,767.

Where to invest your Bonus Bond cash

Advisers are getting a flurry of queries from savers looking to re-home their money.

FMA lays more than 100 charges over Forestlands allegations

Allegations include failures to file financial statements in 2015, 2016 and 2017.

Bank botch-up: PM's office intervenes after Health Ministry closed branches

Ministry had about face over bank branches after Prime Minister's office gets involved.

Major banks shut Auckland branches for level 3

BNZ previously had nine branches open with limited hours.

ASB boss' big pay packet cut

Vittoria Shortt's pay package takes half-a-million-dollar hit.

Less grim: Economists forecast lower lockdown damage this time

A 'less downbeat' economic outlook from Westpac factors in resilience in June and July.

Co-defendant in CBL fraud case argues for name suppression

The man faces charges of theft, obtaining by deception and false accounting.

Businesses in weaker starting position - new lockdown forecasts

Strong rebound after lockdown 1 has combined with new lockdown costs to change forecasts.

NZ's biggest bank puts aside more money for doubtful loans

Bank reveals more impacts from Covid-19.

How low can they go? TSB drops mortgage rate to 2.49%

TSB claims to have the lowest one and two-year home loan rates in NZ.

Covid-19: Bank boss' dire prediction

Banking boss says Covid-19 has left its offices largely vacant.