Subscribe today - find out more
Why you should consider BusinessDesk
Finance

ANZ, ASB sued in multimillion dollar class action

Jenny Ruth
Wed, 29 Sep 2021

Lawyer Scott Russell is solicitor to the class action claim. (Photo: Supplied)
Jenny Ruth
Wed, 29 Sep 2021
A new class action targeting ANZ and ASB banks could hold them liable for many millions of dollars for breaches of consumer finance legislation that affected more than 150,000 people.In both cases, the banks reached settlements earlier this year with the Commerce Commission, which had accused them of failing to be responsible lenders because they failed to properly disclose information on loan variations.ANZ had already paid its affected customers, estimated at more than 100,000, $6 million but agreed to pay a further $29.4m, which the commissi...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE
Wake Up Call: Lonely Planet accolade for Auckland
Staff reporters | Thu, 28 Oct 2021

Locked-down Auckland has been picked as the top city to travel to in 2022.

Finance
Move's $40m capital raising to reduce high gearing
Jenny Ruth | Thu, 28 Oct 2021

Move's gearing was 60% at June 30 with net debt of $57 million.

Property exclusive
Explore: property values by secondary school zone
Andy Fyers | Thu, 28 Oct 2021

House values in most zones have seen above-average increases in the past year. But which zone is the most expensive?

Sponsored
Time for a new approach to employee management at home

Unisys Security Index finds majority of Kiwi employees not comfortable with monitoring tech when working from home – regardless of purpose.

Sponsored
Decarbonising infrastructure – navigating an abundance of policy and analysis

We have a rare opportunity to align significant public infrastructure investment with urgent climate change reform, but time is short and we all need to act.