Finance

Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
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Parliament announces inquiry into business and rural banking
Policy

Parliament announces inquiry into business and rural banking

Parliament has announced the terms of reference for its inquiry into banking competition, focusing on business and rural lending.Minister of Finance Nicola Willis requested the inquiry as part of a commitment outlined in the National Party and New Zealand First coalition agreemen...

Staff reporters 14 Aug 2024
ASB's net profit drops 10%
Markets

ASB's net profit drops 10%

The bank believes fixed-term home loan rates have peaked.

Riley Kennedy 14 Aug 2024
Bayly expects screen scraping to make ‘orderly exit’ from open banking
Technology

Bayly expects screen scraping to make ‘orderly exit’ from open banking

APIs should naturally supplant screen scraping but regulation isn’t being ruled out.

Ben Moore 14 Aug 2024