Finance

Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Is the KiwiSaver carnage as bad as it looks?
Finance Free Listen now

Is the KiwiSaver carnage as bad as it looks?

In today's podcast, Frances discusses the sea of red in many people's KiwiSaver accounts, and how to work out if yours is as bad as it looks.

Frances Cook 07 Jun 2022
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First Mortgage Trust
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Westpac NZ appoints another new director
Finance

Westpac NZ appoints another new director

Following Mary Quin's departure from Westpac's board last month, the only directors remaining who were appointed before 2020 are chair Pip Greenwood, who joined the board in April 2019, and Jonathan Mason, who joined the board in June 2015. 

Staff reporters 03 Jun 2022
Kiwibank lifts business lending but BNZ still biggest
Finance

Kiwibank lifts business lending but BNZ still biggest

Lending on housing continues to dominate bank balance sheets and accounted for 72.8% of net new lending in the March quarter.

Jenny Ruth 03 Jun 2022
RBNZ lifts bank dividend restrictions from July 1
Finance

RBNZ lifts bank dividend restrictions from July 1

The Reserve Bank wants the banks to continue supporting households and businesses.

Staff reporters 02 Jun 2022