Banks
Biggest bank not following BNZ's regional commitment
The country's main retail banks seem reluctant to follow the Bank of New Zealand's promise to keep all of its regional branches open through to 2022. Audio
450,000 people on wrong Kiwisaver tax rate
Kiwisaver fund providers are being told they should take more responsibility for making sure customers are on the right tax rate. Inland Revenue is writing to 450,000 people to advise them they have… Audio
Question of the Day for 17 May 2019
When was the last time you wrote a cheque and what it was for? Audio
Cheques still allowed at big banks
New Zealand's four biggest banks will continue to honour cheques, even though Kiwibank is scrapping the service.
Biggest banks still committed to cheque service
The big banks will continue to honour cheques, even though the largest New Zealand-owned bank is scrapping the service. Audio
Survey finds NZers rank data security with banks high
New Zealand bank customers are quite clear about what they expect and want from their banks -- data security and service. Audio
Banks defensive after survey reveals 'pressure selling'
The banking industry is defending itself after a consumer survey found banks selling customers financial products they don't want or need. Audio
Aussie bank enquiry
Australia's banking and financial services sector has been found sadly lacking and downright damaging to businesses and individuals. Just how healthy are the banks in New Zealand? Would the Panelists… Audio
Greater capital needs will force banks to assess business
Forcing Australian owned banks to markedly increase the amount of money they hold in reserve might result in a cut back in the supply of credit here. Audio
Could iwi bank become the next Kiwibank?
Māori Council is calling on iwi to come together to establish a Māori Bank because Māori are being let down and shut out by the four big Australian owned banks. Audio
New LVR restrictions may help first home buyers
The Reserve Bank will loosen its loan-to-value restrictions for both owner-occupiers and investors in January and has hinted it could ease them further in the future. Audio
Kiwibank to review incentives for staff to sell products
Bank sales staff across the nine biggest retail banks in New Zealand earned $71 million in variable pay linked to performance measures - such as selling loans and products to customers - in the year… Video, Audio
More bank closures in the regions
Kiwibank is closing its branch near Nelson, but locals have written a letter to the Government calling for intervention. It's one of many bank's moving branches out of small towns across the country.
…NZ banks selling products customers don’t need
A review into New Zealand's banks recommends that banks stop giving staff financial incentives for selling bank products to customers, with more emphasis needed on whether what they're selling is… Audio
Govt keeping close eye on banking industry
While a review into New Zealand's banks didn't find the widespread misconduct revealed in Australia, it did find they needed to clean up sales and pay structures, train staff better, tighten up… Audio
Banking inquiry didn’t go far enough – Shane Jones
Regional Economic Development Minister Shane Jones, who has previously called out the banks for gouging, says while he accepts findings from an inquiry into New Zealand banks, the scope was too… Audio
Government warns banks to lift their game
An inquiry into New Zealand's banks has found they have been slow to take bad behaviour seriously and need to improve the way they monitor it, but cleared them of any serious misconduct. Audio
Banking system again threatening economy
A study on banking and markets since the financial crisis warns that "dangerous undercurrents" are a rising threat to stability.
NZ bank profits up despite negative sentiment
New Zealand bank profits are defying the negative business and consumer confidence that's overhanging the economy. Audio
Protesters link arms around Martinborough’s last remaining bank
Between 100 and 200 people have linked arms around an ANZ bank, the last remaining bank in the South Wairarapa town Martinborough in a last-ditch attempt to stop it closing. Local councillor Pip… Video, Audio