Finance

Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
ASB to repay nearly $9m to customers after fee errors
Finance

ASB to repay nearly $9m to customers after fee errors

ASB's systems for calculating fees have proved inadequate for a second time.

Staff reporters 17 Jun 2021
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Robertson is all for tools that target property investors
Finance

Robertson is all for tools that target property investors

Finance minister Grant Robertson wants to enable first-home buyers to buy houses.

Jenny Ruth 17 Jun 2021
Switch risk: young KiwiSavers miss out on growth 'boomerang'
Finance

Switch risk: young KiwiSavers miss out on growth 'boomerang'

Retirement saving balances being shown alongside regular bank accounts may be responsible for the much higher rates of panic switching. 

Dan Brunskill 17 Jun 2021
RBNZ scores coveted prize to restrict mortgage borrowing
Finance Free

RBNZ scores coveted prize to restrict mortgage borrowing

The Reserve Bank has been lobbying successive governments for years to grant it the right to use debt-to-income restrictions on mortgage borrowing.

Jenny Ruth 16 Jun 2021