Latest from Banking and finance

Buoyant investor confidence worries regulator

Investor confident didn't fall despite coronavirus outbreak causing market volatility.

How one Kiwi company went from LA award-winner to receivership

The once award-winning business owes $7.3 million.

Alleged $50m money laundering breaches for Hong Kong subsidiary

The accused company provides financial services, including broking and derivatives.

Covid crunch: NZ house prices tipped to fall by 10 per cent

S&P says the credit ratings of local banks should hold despite a 10% fall in house prices.

Nikko opens GoalsGetter platform to financial advisers

The minimum upfront investment on the platform is $250.

GDP data to show economy on its way into recession

We get a first look at the Covid-19's economic effect with 1st quarter GDP data this week

Ombudsman prepares for onslaught of banking complaints

KiwiSaver withdrawal and mortgage deferral complaints rose during Covid-19 lockdown.

Banks stopped selling controversial insurance product

Only Kiwibank still sells the insurance product.

Businessman pleads guilty in fake foreign investment fraud case

The FMA said the fraudster obtained just under $100,000 from those he contacted.

Japan's Shinsei Bank to buy UDC Finance for $762m

ANZ has been trying to offload UDC for some time.

Mortgage wars should spark boost to lending

Mortgage lending was slashed to about half of normal levels last month due to Covid-19.

HSBC reviewing operations - could NZ office close?

Global bank is reviewing its operation as it cuts 35,000 staff.

How bad could it get for banks? The worst case scenarios

Reserve Bank governor Adrian Orr forecasts tough time still to come.

ASB Securities hit with $80,000 fine for 14-year privacy breach

The New Zealand Markets Disciplinary Tribunal censured the online share trading platform.

Jenny Ruth: RBNZ's awkward about-face on bank capital rules

The new bank capital rules have been deferred until July 1 next year.

How banks and insurers are coping amid the coronavirus economic fall-out

The Reserve Bank has released its six monthly financial stability report.

Funding for property development and subdivisions dries up

Developers will have to hold on until financiers feel more confident again.

Like Y2K again: Banks get ready for negative interest rates

Banks have to check everything from their legal documents to technology systems.