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Reserve Bank of NZ governor Adrian Orr is under fire both from previous RBNZ governors and senior staff, and from politicians calling for an independent review into the central bank’s performance in r.. read more

After a flurry of negative news stories and social media outrage over an Auckland liquor store advertising it was offering ‘buy now pay later’, Kiwi BNPL provider Laybuy has called for urgency in intr.. read more

From 1 July, New Zealand banks will be able to pay full dividends to shareholders again, with the Reserve Bank removing COVID-related restrictions on payments in place since March 2020. read more

Kiwi borrowers should face less interrogation over their current and future expenses when applying for loans, following updates to the responsible lending laws announced by the NZ government this morn.. read more

ASB CEO Vittoria Shortt chose the release of the CBA-subsidiary’s results to ramp up the pressure on the New Zealand government to relax its “prescriptive” new lending rules as an apparent credit crun.. read more

Westpac NZ has lost another of its senior team members, with the announcement that long-time Westpac executive Karen Silk is moving to the Reserve Bank of New Zealand. read more

Solvency stress testing of New Zealand's banks shows them in a stronger position than the previous year, but the results of new liquidity testing are less reassuring. read more

An independent report into Westpac New Zealand’s risk governance has highlighted “material shortcomings” in the board’s oversight, describing directors as out of their depth on risk management and pla.. read more

In a preview of the future for small, niche credit unions and mutuals around Australia, New Zealand’s Firefighters Credit Union is facing up to the reality of unsustainability – and fighting to convin.. read more

Kiwi customers of ANZ and CBA-owned ASB have launched a class action lawsuit against the two banks under the Credit Contracts and Consumer Finance Act. read more