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The Reserve Bank of New Zealand has confirmed that new rules forcing rental property investors to stump up with a minimum 40 per cent deposit will apply from October 1. read more

New Zealand's Commerce Commission wants the High Court to rule on whether the 'platform fee' charged by peer-to-peer lender Harmoney is a credit fee and therefore subject to the requirement that it on.. read more

Kiwibank reported a slight fall in its annual profit for 2016 after further margin erosion and higher costs in the middle of a core systems rebuild more than offset higher profit from continued solid.. read more

ANZ New Zealand has reported an eight per cent fall in after-tax profit in the nine months to June 30 after bad loan charges almost doubled and the bank booked a NZ$96 million one-off loss because of.. read more

New Zealand regional bank Heartland Bank has reported a 12.5 per cent rise in annual net profit after it grew vehicle and personal lending at double digit rates and lifted operating income from its re.. read more

New Zealand's big Australian-owned banks have retained more than half of a 25 basis point cut in New Zealand's official cash rate on Thursday. read more

Commonwealth Bank of Australia's New Zealand unit, ASB, reported a nine per cent drop in cash net profit in the second half of the year after it increased its bad loan provisions by NZ$48 million, mos.. read more

ASIC has reported on its enforcement results over the first half of 2016, as well as setting the scene for its enforcement priorities in the second part of 2016. read more

Moody's expects New Zealand's banking system to remain stable over the next 12 to 18 months despite bad dairy loans and highly leveraged households. read more

ANZ New Zealand, which is New Zealand's largest bank with the biggest exposure to the Auckland housing market, has warned the city's housing market is "over-cooked" and it is being much more cautious.. read more