Another small business lender adds line of credit product.

In just a week the RBNZ will make another decision on the OCR and the BNZ says 0.25%,0.50% and 0.75% cuts are all options.

Loan Market makes fifth new appointment in six months.

Strung out bank mortgage application processing times are frustrating advisers.

The increased availability of index fund options and the strength of returns for investors continues to lay down a challenge for active managers, according to Kernel Wealth chief executive Dean Anderson.

Private credit is reshaping lending in New Zealand as more people turn away from banks who can’t and, in many cases, won’t offer mortgage flexibility.

Castlepoint turnaround taking longer than expected.

After a tough year for the non-bank sector, Basecorp Finance feels fortunate the volume of funds it has lent on mortgages dipped to only $1.1 billion from $1.2 billion in the previous year in the context of what the industry has done.

Auckland-based Apex Advice has acquired a well-established insurance advice business.

The NZ Super Fund has terminated a 13-year old mandate it had with Devon Funds.

Wellington-based LifeDirect expects to be writing $1 billion in mortgages every year by 2026 after the merger last month of majority shareholder Mark Solomon’s other businesses Loan Market Capital & Coast and Insurance Market into the parent company.

ASB Bank chief executive Vittoria Shortt shrugged off suggestions that her bank is making excess profits in New Zealand.