Banking and finance

Domestic inflation sees a decline, finance minister shares

Domestic inflation sees a decline, finance minister shares

Nicola Willis calls this good news for those with mortgages

Court of Appeal confirms BNZ's right to terminate banking relationship with Gloriavale entities

Court of Appeal confirms BNZ's right to terminate banking relationship with Gloriavale entities

The bank's standard terms allowed it to close accounts at its discretion: court

Kiwibank to receive $500m boost as government targets greater competition in banking sector

Kiwibank to receive $500m boost as government targets greater competition in banking sector

The initiative aims to challenge the dominance of the country's Australian-owned banks

Kiwibank faces $1.5m fine for systemic consumer law breaches

Kiwibank faces $1.5m fine for systemic consumer law breaches

Charges involved misleading representations about services that the bank failed to deliver as agreed

Anti-money laundering/countering financing of terrorism system to be reformed

Anti-money laundering/countering financing of terrorism system to be reformed

Government plans to introduce single-supervisor structure and new funding model

High Court imposes $2.47m penalty on TSB Bank for overcharges

High Court imposes $2.47m penalty on TSB Bank for overcharges

Judge finds breaches of Credit Contracts and Consumer Finance Act's responsible lending provisions