Latest from Banking and finance

Bank boss by day, drag queen by night

In his day job Marcel wears a suit and manages a team of nine people, but by night he has a very different story.

More money recovered from alleged Ponzi

Liquidators have recovered a further $35,000 from clients who go more money out than they put into an alleged Ponzi scheme. A Christchurch

Hager: Westpac must reveal all privacy breaches

Nicky Hager says he will take Westpac to the Human Rights Tribunal.

Data mining firm expands across the Tasman

A Kiwi-founded tech company that helps businesses use their own data to improve their bottom line has expanded across the Tasman. Fulcrum's

Heartland lifts first-half profit 14pc

Heartland Bank increased first-half profit 14 per cent as the NZX-listed lender's loan book grew at the same time as it benefited from cheaper funding costs.

When would banks give police your data?

The country's biggest banks all have different positions on the circumstances under which they would give up your data to the authorities.

'Customers sign away privacy rights'

Westpac has failed in its argument to the Privacy Commission that customers sign away their rights to privacy when they agree to the bank's "terms and conditions".

Kiwibank's IT cost blow-out

Kiwibank says funding pressures and infrastructure spending are behind a 13 per cent drop in the bank's half year profit.

ASB to offer $100m of fixed rate notes

ASB Bank is offering up to $100 million of five-year fixed rate notes.

Interest rate rises will depend on funding

How much banks have to pay for off-shore funding will be the main determinant of whether rates continue to rise this year, says ASB bank boss Barbara Chapman.

FMA thinks hard about tech disruption

The Financial Markets Authority is bracing for rapid changes as a result of technology advances with robo-advice the most obvious candidate.

RBNZ to hold talks over bank disclosure regime

The Reserve Bank will hold another round of talks with the banking sector after lenders pushed back on the detail of its proposed 'dashboard' regime.

China's zombie province reveals troubles

Nowhere are China's rusted-out industries worse than in Liaoning, a province that's slumped into outright recession.

Parliament may back domestic violence leave

Labour and Act say they will back a Green Party proposal to give domestic violence victims up to 10 days' paid leave.

Improving board effectiveness

COMMENT: Boardroom conversation is an art form for some and a learned skill for others.

Retail spend up 5.6pc on last year

Retail spending continues to rise with electronic card transaction sales up 5.6 per cent or $270 million on the same period last year.

Banks could lose 20pc of customers

Banks could face losing up to 20 per cent of their customer base if they continue to decrease their relationship-based interactions, a researcher has warned.

Housing shortfall reaches 60,000

The gap between housing supply and demand in New Zealand is growing by 40 homes a day.