The rise in mortgagee sales is becoming noticeable, with a 35% increase from the previous year.
Despite this, such sales constitute a small fraction of...
Finance Minister Nicola Willis has initiated an inquiry into the state of competition in New Zealand's banking sector, focusing on rural areas.
She has written...
Kiwibank is facing criminal charges from the Commerce Commission after it was found to have overcharged more than 36,000 customers approximately $7 million in...
Northland farmers are voicing frustration as they face increasing difficulty obtaining short-term loans to cover tax bills while banks report substantial profits from high-interest...
An 89-year-old widow, despite suffering from dementia, withdrew more than $300,000 from her bank account with the assistance of bank tellers at Westpac Masterton...
After losing $500,000 to a sophisticated scam, Jo O'Brien, a recent divorcee, embarked on a relentless quest to confront the mastermind behind the fraudulent...
A New Zealand First candidate and a former police officer have lodged a complaint with the Reserve Bank, alleging that Kiwibank facilitated a 'fraudulent'...
Law firm Meredith Connell has leveled accusations against the state-owned Kiwibank, alleging its failure to detect suspicious or illegal activity after a branch manager...
The Swiss and French branches are leveraging the family name in a bid to control the global wealth-management market.
The Rothschild family’s Swiss and French...
Some Westpac customers faced issues with eftpos card payments and online banking, with some reporting zero account balances last night.
The bank acknowledged the problems...
The Banking Ombudsman has ruled that BNZ must reimburse nearly $300,000 to two victims who lost $430,000 in a Citibank-branded investment scam, finding that...
The Government will reform financial services regulations, ensuring clarity and cutting red tape for both institutions and Kiwis, Commerce and Consumer Affairs Minister Andrew...
Farmers are feeling excessive and undue pressure from their banks, according to Federated Farmers’ latest Banking Survey.
Conducted in mid-November, the survey also shows farmer...
Aggressive anti-inflation policies are hurting economic growth, a report warns.
Central bankers’ continued fight to bring rampant inflation under control could plunge developed countries into...
Bond yields have risen substantially in developed countries, with central banks offloading their vast holdings.
Sovereign bond sales could increase further next year as budget...
For any business to survive in the dynamic and ever-changing landscape of the corporate world, it must be adaptable.
However, as we move forward into...
Investors are increasingly seeking a safe store of value amid economic uncertainty, according to Fundstrat.
Gold prices could soon reach a record $2,500 per ounce,...
The country’s $31.4 trillion debt ceiling was exceeded in January, and later scrapped altogether until 2025.
The US national debt could surge by $20 trillion...
Morgan Stanley, Bank of America, Barclays, and others lent large sums to the businessman to acquire Twitter.
The large banks that financed Elon Musk’s $44...
The United Arab Emirates has become a new safe haven for the wealth of Russia’s sanctioned rich, Swissinfo reports.
Swiss sanctions against wealthy Russians and...
The industry’s proposals to avoid appearing racially biased or discriminatory in finance slang have been criticized.
The term ‘black market’ should not be used because...
The decline has been linked to the demand-supply disbalance and the end of the tax period.
The Russian ruble has continued this week’s slide, dropping...
In an attempt to combat surging inflation, the Federal Reserve has implemented its fastest interest rate hikes since the 1980s, which has yielded unintended...
The government is attempting to allay fears of a growing crisis.
US officials are making urgent efforts to rescue the struggling First Republic Bank, as...
A fired auditor’s report shows the Swiss bank held “possible” Nazi accounts as late as 2020.
The troubled Swiss bank Credit Suisse hampered the investigation...