Finance

Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
New mortgage lending rose 36.2% in February
Property

New mortgage lending rose 36.2% in February

Lending to first-home buyers fell in February compared to a year ago while lending to investors rose.

Staff reporters 24 Mar 2021
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First Mortgage Trust
First Mortgage Trust is an investment manager that specialises in property lending. For nearly 30 years we’ve been helping New Zealanders protect and grow their wealth.
Westpac says it recognises it has to mend its ways
Law & Regulation

Westpac says it recognises it has to mend its ways

Westpac NZ will have to hold more cash until the Reserve Bank is satisfied it has fixed its governance and liquidity reporting problems.

Jenny Ruth 24 Mar 2021
RBNZ locks horns with Westpac NZ again
Law & Regulation

RBNZ locks horns with Westpac NZ again

This time Westpac is in hot water for its governance and liquidity reporting, and has been asked to provide two independent reports.

Jenny Ruth 24 Mar 2021
What I'm invested in: Legendary film producer John Barnett
Editor's Picks

What I'm invested in: Legendary film producer John Barnett

He started a share club in the 1960s while he was in uni, and today, former South Pacific Pictures owner John Barnett is still investing in companies.

Staff reporters 24 Mar 2021